| DEAL NAME | MSAC 2005-HE5 |
| Closing Date | 10/28/2005 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,487,218,857 |
| |
| Sellers | WMC(36.78%),DO(36.13%),NC(26.90%) |
| Servicers | CW(36.86%),HQ(36.24%),NC(26.90%) |
| |
| Number of Loans | 8,905 |
| Avg Loan Balance ($) | 167,009 |
| |
| Fixed/Floating | |
| % FRM | 12.09 |
| % ARM | 87.91 |
| |
| %IO | 25.01 |
| Wtd Avg IO Term (months) | 43 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.130 |
| Non-Zero Wtd Avg Margin (%) | 6.108 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.540 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.145 |
| |
| Lien Composition | |
| % 1st Lien | 94.35 |
| % 2nd Lien | 5.65 |
| |
| Non-Zero Wtd Avg FICO | 638 |
| % FICO below 600 (inc. N/A) | 22.03 |
| % FICO below 550 (inc. N/A) | 6.12 |
| |
| Wtd Avg Comb Orig LTV | 82.34 |
| % CLTV > 80 | 37.03 |
| % CLTV > 90 | 13.96 |
| % CLTV > 95 | 8.74 |
| |
| % Silent Seconds | 29.28 |
| CLTV incl. all simul. liens (%) | 90.78 |
| |
| Documentation Level | |
| % Full Documentation | 37.89 |
| % Stated Documentation | 41.41 |
| % Limited Documentation | 6.37 |
| % Lite Documentation | 1.70 |
| |
| % Owner Occupied | 95.99 |
| |
| Loan Purpose | |
| % Cashout Refinance | 41.50 |
| % Purchase | 51.49 |
| % Rate Term Refinance | 7.01 |
| |
| State Concentration (Over 5%) | CA(36.70%),FL(6.93%) |
| |
| % Prepay Penalty | 76.36 |
| |
| Wtd Avg Std Orig Term (months) | 352 |
| Wtd Avg Std Rem Term (months) | 348 |
| Wtd Average Loan Age (months) | 4 |
