| DEAL NAME | MSAC 2005-WMC5 |
| Closing Date | 7/1/2005 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,498,816,791 |
| |
| Sellers | WMC(100.00%) |
| Servicers | CW(100.00%) |
| |
| Number of Loans | 7912 |
| Avg Loan Balance ($) | 189,435 |
| |
| Fixed/Floating | |
| % FRM | 17.28 |
| % ARM | 82.72 |
| |
| %IO | 28.00 |
| Wtd Avg IO Term (months) | 60 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.045 |
| Non-Zero Wtd Avg Margin (%) | 6.316 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.831 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.001 |
| |
| Lien Composition | |
| % 1st Lien | 90.74 |
| % 2nd Lien | 9.26 |
| |
| Non-Zero Wtd Avg FICO | 641 |
| % FICO below 600 (inc. N/A) | 21.73 |
| % FICO below 550 (inc. N/A) | 6.81 |
| |
| Wtd Avg Comb Orig LTV | 82.10 |
| % CLTV > 80 | 35.12 |
| % CLTV > 90 | 13.13 |
| % CLTV > 95 | 8.67 |
| |
| % Silent Seconds | 40.57 |
| CLTV incl. all simul. liens (%) | 90.01 |
| |
| Documentation Level | |
| % Full Documentation | 46.12 |
| % Stated Documentation | 38.12 |
| % Limited Documentation | 13.27 |
| % Lite Documentation | 2.49 |
| |
| % Owner Occupied | 94.00 |
| |
| Loan Purpose | |
| % Cashout Refinance | 47.01 |
| % Purchase | 49.22 |
| % Rate Term Refinance | 3.77 |
| |
| State Concentration (Over 5%) | CA(53.46%),NY(5.69%),FL(5.33%) |
| |
| % Prepay Penalty | 72.62 |
| |
| Wtd Avg Std Orig Term (months) | 342 |
| Wtd Avg Std Rem Term (months) | 339 |
| Wtd Average Loan Age (months) | 3 |
