| DEAL NAME | MSAC 2006-HE5 |
| Closing Date | 6/30/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,302,207,527 |
| |
| Sellers | NC(62.58%),DO(31.84%),WMC(5.58%) |
| Servicers | CW(47.56%),HQ(30.74%),WF(21.70%) |
| |
| Number of Loans | 7,830 |
| Avg Loan Balance ($) | 166,310 |
| |
| Fixed/Floating | |
| % FRM | 20.31 |
| % ARM | 79.69 |
| |
| %IO | 13.19 |
| Wtd Avg IO Term (months) | 60 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.500 |
| Non-Zero Wtd Avg Margin (%) | 6.527 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.108 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.309 |
| |
| Lien Composition | |
| % 1st Lien | 92.94 |
| % 2nd Lien | 7.06 |
| |
| Non-Zero Wtd Avg FICO | 618 |
| % FICO below 600 (inc. N/A) | 37.74 |
| % FICO below 550 (inc. N/A) | 9.48 |
| |
| Wtd Avg Comb Orig LTV | 82.17 |
| % CLTV > 80 | 44.35 |
| % CLTV > 90 | 11.56 |
| % CLTV > 95 | 7.20 |
| |
| % Silent Seconds | 26.56 |
| CLTV incl. all simul. liens (%) | 87.84 |
| |
| Documentation Level | |
| % Full Documentation | 56.86 |
| % Stated Documentation | 41.74 |
| % Limited Documentation | 1.40 |
| |
| % Owner Occupied | 92.87 |
| |
| Loan Purpose | |
| % Cashout Refinance | 49.88 |
| % Purchase | 41.59 |
| % Rate Term Refinance | 8.53 |
| |
| State Concentration (Over 5%) | CA(27.86%),FL(11.56%),NY(5.01%) |
| |
| % Prepay Penalty | 74.18 |
| |
| Wtd Avg Std Orig Term (months) | 353 |
| Wtd Avg Std Rem Term (months) | 352 |
| Wtd Average Loan Age (months) | 2 |
