| DEAL NAME | MSHLC 2003-2 |
| Closing Date | 10/29/2003 |
| |
| Collateral Characteristics | |
| Principal Balance | 365,591,845 |
| |
| 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 | 5,948 |
| Avg Loan Balance | 61,465 |
| Avg Credit Limit Balance | 108,346 |
| Avg Credit Utilization Ratio | 48.75 |
| |
| Fixed/Floating | |
| % FRM | 0.95 |
| % ARM | 99.05 |
| |
| Heloc Percentage | 82.99 |
| Fixed Rate Seconds Percentage | 0.95 |
| Short Arm Percentage | 0.00 |
| Hybrid Arm Percentage | 16.06 |
| |
| %IO | 99.05 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 4.00 |
| < 4.00% | 27.43 |
| 4.0000% - 4.9999% | 65.53 |
| 5.0000% - 5.9999% | 4.41 |
| 6.0000% - 6.9999% | 2.42 |
| 7.0000% - 7.9999% | 0.17 |
| 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 | 40.43 |
| % 2nd Lien | 59.57 |
| |
| Junior Lien Ratio (second liens only) | 33.98 |
| |
| Non-Zero Wtd Avg FICO | 720 |
| % FICO below 660 (inc. N/A) | 9.82 |
| % FICO below 620 (inc. N/A) | 2.88 |
| |
| Wtd Avg Orig LTV for first liens / CLTV for second liens | 73.54 |
| % LTV/CLTV > 80 | 43.99 |
| % LTV/CLTV > 90 | 6.90 |
| % LTV/CLTV > 95 | 5.43 |
| |
| % Owner Occupied | 88.61 |
| % Investor | 0.75 |
| % Second Home | 10.64 |
| |
| State Concentration (Over 5%) | CA(25.09%),FL(12.16%),NY(7.12%),NJ(6.30%) |
| |
| % Prepay Penalty | 0.00 |
| |
| Wtd Avg Std Orig Term (mths) | 149 |
| Wtd Avg Std Rem Term (mths) | 147 |
| WALA (mths) | 4 |
