| DEAL NAME | MSAC 2007-HE5 |
| Closing Date | 4/26/2007 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,185,007,113 |
| |
| Sellers | WMC(50.56%),DO(49.44%) |
| Servicers | SX(81.75%),CW(18.25%) |
| |
| Number of Loans | 5,836 |
| Avg Loan Balance ($) | 203,051 |
| |
| Fixed/Floating | |
| % FRM | 15.91 |
| % ARM | 84.09 |
| |
| %IO | 17.92 |
| Wtd Avg IO Term (months) | 72 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.960 |
| Non-Zero Wtd Avg Margin (%) | 6.468 |
| Non-Zero Wtd Avg Initial Cap (%) | 3.121 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.000 |
| |
| Lien Composition | |
| % 1st Lien | 95.05 |
| % 2nd Lien | 4.95 |
| |
| Non-Zero Wtd Avg FICO | 632 |
| % FICO below 600 (inc. N/A) | 25.73 |
| % FICO below 550 (inc. N/A) | 6.23 |
| |
| Wtd Avg Comb Orig LTV | 82.40 |
| % CLTV > 80 | 39.07 |
| % CLTV > 90 | 12.08 |
| % CLTV > 95 | 4.87 |
| |
| % Silent Seconds | 22.71 |
| CLTV incl. all simul. liens (%) | 90.31 |
| |
| Documentation Level | |
| % Full Documentation | 58.33 |
| % Stated Documentation | 38.14 |
| % Limited Documentation | 3.53 |
| |
| % Owner Occupied | 97.05 |
| |
| Loan Purpose | |
| % Cashout Refinance | 49.21 |
| % Purchase | 41.27 |
| % Rate Term Refinance | 9.52 |
| |
| State Concentration (Over 5%) | CA(27.99%),FL(9.69%),IL(6.47%),NJ(5.79%),NY(5.72%) |
| |
| % Prepay Penalty | 69.96 |
| |
| Wtd Avg Std Orig Term (months) | 359 |
| Wtd Avg Std Rem Term (months) | 356 |
| Wtd Average Loan Age (months) | 3 |
