| DEAL NAME | MSAC 2007-HE3 |
| Closing Date | 2/28/2007 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 923,364,098 |
| |
| Sellers | FRE(77.16%),NC(22.84%) |
| Servicers | SX(89.04%),CW(10.96%) |
| |
| Number of Loans | 5,063 |
| Avg Loan Balance ($) | 182,374 |
| |
| Fixed/Floating | |
| % FRM | 25.51 |
| % ARM | 74.49 |
| |
| %IO | 9.42 |
| Wtd Avg IO Term (months) | 59 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.504 |
| Non-Zero Wtd Avg Margin (%) | 5.893 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.764 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.499 |
| |
| Lien Composition | |
| % 1st Lien | 93.70 |
| % 2nd Lien | 6.30 |
| |
| Non-Zero Wtd Avg FICO | 629 |
| % FICO below 600 (inc. N/A) | 28.47 |
| % FICO below 550 (inc. N/A) | 10.35 |
| |
| Wtd Avg Comb Orig LTV | 81.81 |
| % CLTV > 80 | 40.40 |
| % CLTV > 90 | 15.93 |
| % CLTV > 95 | 8.62 |
| |
| % Silent Seconds | 12.24 |
| CLTV incl. all simul. liens (%) | 87.72 |
| |
| Documentation Level | |
| % Full Documentation | 61.73 |
| % Stated Documentation | 36.88 |
| % Limited Documentation | 1.40 |
| |
| % Owner Occupied | 92.25 |
| |
| Loan Purpose | |
| % Cashout Refinance | 55.87 |
| % Purchase | 42.56 |
| % Rate Term Refinance | 1.57 |
| |
| State Concentration (Over 5%) | CA(19.24%),FL(12.48%),NY(10.34%),MD(7.33%),NJ(6.31%),IL(6.07%) |
| |
| % Prepay Penalty | 66.23 |
| |
| Wtd Avg Std Orig Term (months) | 359 |
| Wtd Avg Std Rem Term (months) | 355 |
| Wtd Average Loan Age (months) | 4 |
