| DEAL NAME | MSAC 2006-HE7 |
| Closing Date | 10/31/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,285,069,013 |
| |
| Sellers | NC(46.75%),DO(27.63%),WMC(25.62%) |
| Servicers | CW(100.00%) |
| |
| Number of Loans | 6,879 |
| Avg Loan Balance ($) | 186,810 |
| |
| Fixed/Floating | |
| % FRM | 17.15 |
| % ARM | 82.85 |
| |
| %IO | 16.55 |
| Wtd Avg IO Term (months) | 64 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.269 |
| Non-Zero Wtd Avg Margin (%) | 6.500 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.543 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.224 |
| |
| Lien Composition | |
| % 1st Lien | 94.68 |
| % 2nd Lien | 5.32 |
| |
| Non-Zero Wtd Avg FICO | 625 |
| % FICO below 600 (inc. N/A) | 30.58 |
| % FICO below 550 (inc. N/A) | 8.20 |
| |
| Wtd Avg Comb Orig LTV | 81.99 |
| % CLTV > 80 | 40.02 |
| % CLTV > 90 | 10.83 |
| % CLTV > 95 | 5.37 |
| |
| % Silent Seconds | 24.42 |
| CLTV incl. all simul. liens (%) | 89.23 |
| |
| Documentation Level | |
| % Full Documentation | 54.60 |
| % Stated Documentation | 43.98 |
| % Limited Documentation | 1.41 |
| |
| % Owner Occupied | 94.34 |
| |
| Loan Purpose | |
| % Cashout Refinance | 46.12 |
| % Purchase | 47.39 |
| % Rate Term Refinance | 6.49 |
| |
| State Concentration (Over 5%) | CA(30.93%),FL(10.55%) |
| |
| % Prepay Penalty | 75.02 |
| |
| Wtd Avg Std Orig Term (months) | 354 |
| Wtd Avg Std Rem Term (months) | 351 |
| Wtd Average Loan Age (months) | 3 |
