| DEAL NAME | MSHEL 2007-2 |
| Closing Date | 4/3/2007 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 887,519,385 |
| |
| Sellers | FNLC(35.13%),WIL(34.86%),AHL(30.01%) |
| Servicers | SX(55.88%),CW(43.18%),WF(0.94%) |
| |
| Number of Loans | 4,654 |
| Avg Loan Balance ($) | 190,700 |
| |
| Fixed/Floating | |
| % FRM | 25.02 |
| % ARM | 74.98 |
| |
| %IO | 15.39 |
| Wtd Avg IO Term (months) | 60 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.180 |
| Non-Zero Wtd Avg Margin (%) | 6.003 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.221 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.339 |
| |
| Lien Composition | |
| % 1st Lien | 95.83 |
| % 2nd Lien | 4.17 |
| |
| Non-Zero Wtd Avg FICO | 627 |
| % FICO below 600 (inc. N/A) | 29.58 |
| % FICO below 550 (inc. N/A) | 10.41 |
| |
| Wtd Avg Comb Orig LTV | 82.12 |
| % CLTV > 80 | 42.87 |
| % CLTV > 90 | 14.49 |
| % CLTV > 95 | 9.91 |
| |
| % Silent Seconds | 11.79 |
| CLTV incl. all simul. liens (%) | 87.23 |
| |
| Documentation Level | |
| % Full Documentation | 48.77 |
| % Stated Documentation | 51.07 |
| % Limited Documentation | 0.16 |
| |
| % Owner Occupied | 94.09 |
| |
| Loan Purpose | |
| % Cashout Refinance | 65.79 |
| % Purchase | 30.54 |
| % Rate Term Refinance | 3.67 |
| |
| State Concentration (Over 5%) | CA(22.82%),FL(13.42%),NY(7.54%),IL(6.53%),MD(6.50%) |
| |
| % Prepay Penalty | 75.47 |
| |
| Wtd Avg Std Orig Term (months) | 352 |
| Wtd Avg Std Rem Term (months) | 350 |
| Wtd Average Loan Age (months) | 3 |
