| DEAL NAME | MSAC 2005-HE7 |
| Closing Date | 12/21/2005 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,363,813,302 |
| |
| Sellers | WMC(42.63%),NC(35.22%),DO(22.07%) |
| Servicers | CH(77.00%),HQ(22.15%) |
| |
| Number of Loans | 7623 |
| Avg Loan Balance ($) | 178,907 |
| |
| Fixed/Floating | |
| % FRM | 19.01 |
| % ARM | 80.99 |
| |
| %IO | 15.95 |
| Wtd Avg IO Term (months) | 47 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.117 |
| Non-Zero Wtd Avg Margin (%) | 6.104 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.518 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.159 |
| |
| Lien Composition | |
| % 1st Lien | 95.32 |
| % 2nd Lien | 4.68 |
| |
| Non-Zero Wtd Avg FICO | 628 |
| % FICO below 600 (inc. N/A) | 31.40 |
| % FICO below 550 (inc. N/A) | 8.30 |
| |
| Wtd Avg Comb Orig LTV | 81.32 |
| % CLTV > 80 | 38.60 |
| % CLTV > 90 | 11.68 |
| % CLTV > 95 | 5.10 |
| |
| % Silent Seconds | 16.45 |
| CLTV incl. all simul. liens (%) | 87.97 |
| |
| Documentation Level | |
| % Full Documentation | 54.13 |
| % Stated Documentation | 43.56 |
| % Limited Documentation | 2.31 |
| |
| % Owner Occupied | 94.05 |
| |
| Loan Purpose | |
| % Cashout Refinance | 51.31 |
| % Purchase | 41.86 |
| % Rate Term Refinance | 6.83 |
| |
| State Concentration (Over 5%) | CA(34.76%),FL(8.08%),NY(5.14%) |
| |
| % Prepay Penalty | 72.20 |
| |
| Wtd Avg Std Orig Term (months) | 351 |
| Wtd Avg Std Rem Term (months) | 347 |
| Wtd Average Loan Age (months) | 3 |
