| DEAL NAME | MSHLC 2003-1 |
| Closing Date | 5/28/2003 |
| |
| Collateral Characteristics | |
| Principal Balance | 483,155,227 |
| |
| 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 | 8,393 |
| Avg Loan Balance | 57,566 |
| Avg Credit Limit Balance | - |
| Avg Credit Utilization Ratio | - |
| |
| Fixed/Floating | |
| % FRM | 0.00 |
| % ARM | 100.00 |
| |
| Heloc Percentage | 93.42 |
| Fixed Rate Seconds Percentage | 0.00 |
| Short Arm Percentage | 0.00 |
| Hybrid Arm Percentage | 6.58 |
| |
| %IO | 100.00 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 4.34 |
| < 4.00% | 6.39 |
| 4.0000% - 4.9999% | 77.44 |
| 5.0000% - 5.9999% | 12.57 |
| 6.0000% - 6.9999% | 3.46 |
| 7.0000% - 7.9999% | 0.11 |
| 8.0000% - 8.9999% | 0.02 |
| 9.0000% - 9.9999% | 0.01 |
| 10.0000% - 10.9999% | 0.00 |
| 11.000% + | 0.00 |
| |
| Lien Composition | |
| % 1st Lien | 36.85 |
| % 2nd Lien | 63.15 |
| |
| Junior Lien Ratio (second liens only) | 20.34 |
| |
| Non-Zero Wtd Avg FICO | 726 |
| % FICO below 660 (inc. N/A) | 8.97 |
| % FICO below 620 (inc. N/A) | 2.08 |
| |
| Wtd Avg Orig LTV for first liens / CLTV for second liens | 71.49 |
| % LTV/CLTV > 80 | 42.11 |
| % LTV/CLTV > 90 | 2.41 |
| % LTV/CLTV > 95 | 1.66 |
| |
| % Owner Occupied | 92.10 |
| % Investor | 1.24 |
| % Second Home | 6.65 |
| |
| State Concentration (Over 5%) | CA(27.17%),FL(9.23%),NJ(7.46%),NY(7.25%) |
| |
| % Prepay Penalty | 0.00 |
| |
| Wtd Avg Std Orig Term (mths) | 132 |
| Wtd Avg Std Rem Term (mths) | 127 |
| WALA (mths) | 5 |
