| DEAL NAME | MSAC 2006-HE8 |
| Closing Date | 11/29/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,512,888,751 |
| |
| Sellers | NC(63.16%),DO(26.83%),WMC(10.01%) |
| Servicers | SX(61.67%),CW(38.33%) |
| |
| Number of Loans | 7,847 |
| Avg Loan Balance ($) | 192,798 |
| |
| Fixed/Floating | |
| % FRM | 21.65 |
| % ARM | 78.35 |
| |
| %IO | 18.48 |
| Wtd Avg IO Term (months) | 62 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.289 |
| Non-Zero Wtd Avg Margin (%) | 6.459 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.403 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.295 |
| |
| Lien Composition | |
| % 1st Lien | 95.26 |
| % 2nd Lien | 4.74 |
| |
| Non-Zero Wtd Avg FICO | 626 |
| % FICO below 600 (inc. N/A) | 31.59 |
| % FICO below 550 (inc. N/A) | 9.22 |
| |
| Wtd Avg Comb Orig LTV | 81.53 |
| % CLTV > 80 | 42.76 |
| % CLTV > 90 | 10.57 |
| % CLTV > 95 | 4.71 |
| |
| % Silent Seconds | 22.43 |
| CLTV incl. all simul. liens (%) | 87.28 |
| |
| Documentation Level | |
| % Full Documentation | 58.88 |
| % Stated Documentation | 39.76 |
| % Limited Documentation | 1.35 |
| |
| % Owner Occupied | 93.50 |
| |
| Loan Purpose | |
| % Cashout Refinance | 51.80 |
| % Purchase | 39.71 |
| % Rate Term Refinance | 8.48 |
| |
| State Concentration (Over 5%) | CA(28.00%),FL(10.04%),NY(6.05%),NJ(5.12%) |
| |
| % Prepay Penalty | 73.57 |
| |
| Wtd Avg Std Orig Term (months) | 358 |
| Wtd Avg Std Rem Term (months) | 354 |
| Wtd Average Loan Age (months) | 3 |
