| DEAL NAME | MSC 2006-NC2 |
| Closing Date | 3/30/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,420,030,872 |
| |
| Sellers | NC(100.00%) |
| Servicers | WF(100.00%) |
| |
| Number of Loans | 7,490 |
| Avg Loan Balance ($) | 189,590 |
| |
| Fixed/Floating | |
| % FRM | 19.81 |
| % ARM | 80.19 |
| |
| %IO | 11.60 |
| Wtd Avg IO Term (months) | 60 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.844 |
| Non-Zero Wtd Avg Margin (%) | 6.106 |
| Non-Zero Wtd Avg Initial Cap (%) | 1.498 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.498 |
| |
| Lien Composition | |
| % 1st Lien | 97.87 |
| % 2nd Lien | 2.13 |
| |
| Non-Zero Wtd Avg FICO | 623 |
| % FICO below 600 (inc. N/A) | 34.26 |
| % FICO below 550 (inc. N/A) | 12.79 |
| |
| Wtd Avg Comb Orig LTV | 80.06 |
| % CLTV > 80 | 37.93 |
| % CLTV > 90 | 9.88 |
| % CLTV > 95 | 2.66 |
| |
| % Silent Seconds | 27.60 |
| CLTV incl. all simul. liens (%) | 85.84 |
| |
| Documentation Level | |
| % Full Documentation | 56.20 |
| % Stated Documentation | 41.61 |
| % Limited Documentation | 2.19 |
| |
| % Owner Occupied | 90.53 |
| |
| Loan Purpose | |
| % Cashout Refinance | 52.87 |
| % Purchase | 39.94 |
| % Rate Term Refinance | 7.19 |
| |
| State Concentration (Over 5%) | CA(37.49%),FL(10.73%) |
| |
| % Prepay Penalty | 76.66 |
| |
| Wtd Avg Std Orig Term (months) | 358 |
| Wtd Avg Std Rem Term (months) | 355 |
| Wtd Average Loan Age (months) | 3 |
