| DEAL NAME | MSAC 2006-WMC2 |
| Closing Date | 6/28/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 2,602,987,087 |
| |
| Sellers | WMC(100.00%) |
| Servicers | WF(100.00%) |
| |
| Number of Loans | 12,524 |
| Avg Loan Balance ($) | 207,839 |
| |
| Fixed/Floating | |
| % FRM | 18.74 |
| % ARM | 81.26 |
| |
| %IO | 13.60 |
| Wtd Avg IO Term (months) | 77 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.094 |
| Non-Zero Wtd Avg Margin (%) | 6.396 |
| Non-Zero Wtd Avg Initial Cap (%) | 3.101 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.009 |
| |
| Lien Composition | |
| % 1st Lien | 91.24 |
| % 2nd Lien | 8.76 |
| |
| Non-Zero Wtd Avg FICO | 643 |
| % FICO below 600 (inc. N/A) | 16.55 |
| % FICO below 550 (inc. N/A) | 5.81 |
| |
| Wtd Avg Comb Orig LTV | 82.03 |
| % CLTV > 80 | 28.90 |
| % CLTV > 90 | 14.50 |
| % CLTV > 95 | 8.40 |
| |
| % Silent Seconds | 16.87 |
| CLTV incl. all simul. liens (%) | 92.33 |
| |
| Documentation Level | |
| % Full Documentation | 42.32 |
| % Stated Documentation | 54.83 |
| % Limited Documentation | 2.85 |
| |
| % Owner Occupied | 95.74 |
| |
| Loan Purpose | |
| % Cashout Refinance | 38.99 |
| % Purchase | 58.90 |
| % Rate Term Refinance | 2.12 |
| |
| State Concentration (Over 5%) | CA(44.43%),FL(9.41%),NY(6.56%),MD(5.24%) |
| |
| % Prepay Penalty | 68.36 |
| |
| Wtd Avg Std Orig Term (months) | 344 |
| Wtd Avg Std Rem Term (months) | 342 |
| Wtd Average Loan Age (months) | 2 |
