| DEAL NAME | MSHLC 2005-1 |
| Closing Date | 1/27/2005 |
| |
| Collateral Characteristics | |
| Principal Balance | 753,650,055 |
| |
| 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 | 10,768 |
| Avg Loan Balance | 69,990 |
| Avg Credit Limit Balance | 131,402 |
| Avg Credit Utilization Ratio | 48.63 |
| |
| Fixed/Floating | |
| % FRM | 0.00 |
| % ARM | 100.00 |
| |
| Heloc Percentage | 90.41 |
| Fixed Rate Seconds Percentage | 0.00 |
| Short Arm Percentage | 9.59 |
| Hybrid Arm Percentage | 0.00 |
| |
| %IO | 9.59 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 4.86 |
| < 4.00% | 9.59 |
| 4.0000% - 4.9999% | 40.55 |
| 5.0000% - 5.9999% | 44.54 |
| 6.0000% - 6.9999% | 5.02 |
| 7.0000% - 7.9999% | 0.28 |
| 8.0000% - 8.9999% | 0.02 |
| 9.0000% - 9.9999% | 0.00 |
| 10.0000% - 10.9999% | 0.00 |
| 11.000% + | 0.00 |
| |
| Lien Composition | |
| % 1st Lien | 34.50 |
| % 2nd Lien | 65.50 |
| |
| Junior Lien Ratio (second liens only) | 36.54 |
| |
| Non-Zero Wtd Avg FICO | 727 |
| % FICO below 660 (inc. N/A) | 8.97 |
| % FICO below 620 (inc. N/A) | 1.83 |
| |
| Wtd Avg Orig LTV for first liens / CLTV for second liens | 75.17 |
| % LTV/CLTV > 80 | 49.84 |
| % LTV/CLTV > 90 | 8.79 |
| % LTV/CLTV > 95 | 6.50 |
| |
| % Owner Occupied | 91.05 |
| % Investor | 1.09 |
| % Second Home | 7.86 |
| |
| State Concentration (Over 5%) | CA(29.13%),FL(8.59%),NY(7.11%),NJ(6.92%) |
| |
| % Prepay Penalty | 0.00 |
| |
| Wtd Avg Std Orig Term (mths) | 137 |
| Wtd Avg Std Rem Term (mths) | 132 |
| WALA (mths) | 5 |
