| DEAL NAME | MSHLC 2002-1 |
| Closing Date | 8/29/2002 |
| |
| Collateral Characteristics | |
| Principal Balance | 472,459,414 |
| |
| Sellers (Over 10%) | Morgan Stanley Dean Witter Credit Corporation(100.00%) |
| Servicers (Over 10%) | Morgan Stanley Dean Witter Credit Corporation(100.00%) |
| |
| Number of Loans | 7,413 |
| Avg Loan Balance | 63,734 |
| Avg Credit Limit Balance | 135,209 |
| Avg Credit Utilization Ratio | 46.62 |
| |
| Fixed/Floating | |
| % FRM | 2.53 |
| % ARM | 97.47 |
| |
| Heloc Percentage | 94.89 |
| Fixed Rate Seconds Percentage | 2.53 |
| Short Arm Percentage | 0.00 |
| Hybrid Arm Percentage | 2.57 |
| |
| %IO | 97.47 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 5.01 |
| < 4.00% | 2.31 |
| 4.0000% - 4.9999% | 77.10 |
| 5.0000% - 5.9999% | 13.36 |
| 6.0000% - 6.9999% | 4.32 |
| 7.0000% - 7.9999% | 1.23 |
| 8.0000% - 8.9999% | 1.01 |
| 9.0000% - 9.9999% | 0.20 |
| 10.0000% - 10.9999% | 0.22 |
| 11.000% + | 0.25 |
| |
| Lien Composition | |
| % 1st Lien | 31.75 |
| % 2nd Lien | 68.25 |
| |
| Junior Lien Ratio (second liens only) | 41.21 |
| |
| Non-Zero Wtd Avg FICO | 715 |
| % FICO below 660 (inc. N/A) | 16.60 |
| % FICO below 620 (inc. N/A) | 7.54 |
| |
| Wtd Avg Orig LTV for first liens / CLTV for second liens | 72.33 |
| % LTV/CLTV > 80 | 43.32 |
| % LTV/CLTV > 90 | 1.13 |
| % LTV/CLTV > 95 | 0.88 |
| |
| % Owner Occupied | 89.54 |
| % Investor | 1.59 |
| % Second Home | 8.88 |
| |
| State Concentration (Over 5%) | CA(31.54%),FL(7.85%),NJ(7.78%),NY(7.76%) |
| |
| % Prepay Penalty | 0.00 |
| |
| Wtd Avg Std Orig Term (mths) | 126 |
| Wtd Avg Std Rem Term (mths) | 120 |
| WALA (mths) | 6 |
