| DEAL NAME | MSAC 2007-HE2 |
| Closing Date | 2/28/2007 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,228,783,429 |
| |
| Sellers | NC(45.68%),WMC(38.27%),DO(16.05%) |
| Servicers | SX(46.29%),CW(38.09%),WF(15.63%) |
| |
| Number of Loans | 6,528 |
| Avg Loan Balance ($) | 188,232 |
| |
| Fixed/Floating | |
| % FRM | 21.90 |
| % ARM | 78.10 |
| |
| %IO | 15.33 |
| Wtd Avg IO Term (months) | 67 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.342 |
| Non-Zero Wtd Avg Margin (%) | 6.417 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.633 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.223 |
| |
| Lien Composition | |
| % 1st Lien | 93.03 |
| % 2nd Lien | 6.97 |
| |
| Non-Zero Wtd Avg FICO | 629 |
| % FICO below 600 (inc. N/A) | 27.89 |
| % FICO below 550 (inc. N/A) | 9.42 |
| |
| Wtd Avg Comb Orig LTV | 82.06 |
| % CLTV > 80 | 40.60 |
| % CLTV > 90 | 14.43 |
| % CLTV > 95 | 7.12 |
| |
| % Silent Seconds | 14.11 |
| CLTV incl. all simul. liens (%) | 88.57 |
| |
| Documentation Level | |
| % Full Documentation | 53.55 |
| % Stated Documentation | 43.52 |
| % Limited Documentation | 2.94 |
| |
| % Owner Occupied | 93.16 |
| |
| Loan Purpose | |
| % Cashout Refinance | 49.54 |
| % Purchase | 44.54 |
| % Rate Term Refinance | 5.92 |
| |
| State Concentration (Over 5%) | CA(30.03%),FL(9.59%),NY(8.49%),NJ(5.69%) |
| |
| % Prepay Penalty | 69.24 |
| |
| Wtd Avg Std Orig Term (months) | 359 |
| Wtd Avg Std Rem Term (months) | 355 |
| Wtd Average Loan Age (months) | 4 |
