| DEAL NAME | MSIX 2006-1 |
| Closing Date | 6/30/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 1,285,495,666 |
| |
| Sellers (Over 5%) | FNLC(27%),MER(18%),AHL(15%),WIL(13%),MF(9%) |
| Servicers (Over 5%) | WF(41.79%),SX(37.76%),CH(17.57%) |
| |
| Number of Loans | 6,762 |
| Avg Loan Balance ($) | 190,105 |
| |
| Fixed/Floating | |
| % FRM | 11.44 |
| % ARM | 88.56 |
| |
| %IO | 21.08 |
| Wtd Avg IO Term (months) | 60 |
| |
| Wtd Avg Current Mortgage Rate (%) | 8.436 |
| Non-Zero Wtd Avg Margin (%) | 6.575 |
| Non-Zero Wtd Avg Initial Cap (%) | 2.547 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.334 |
| |
| Lien Composition | |
| % 1st Lien | 95.69 |
| % 2nd Lien | 4.31 |
| |
| Non-Zero Wtd Avg FICO | 630 |
| % FICO below 600 (inc. N/A) | 27.37 |
| % FICO below 550 (inc. N/A) | 9.89 |
| |
| Wtd Avg Comb Orig LTV | 81.83 |
| % LTV > 80 | 36.79 |
| % LTV > 90 | 14.36 |
| % LTV > 95 | 9.49 |
| |
| % Silent Seconds | 25.52 |
| CLTV incl. all simul. liens (%) | 89.16 |
| |
| Documentation Level | |
| % Full Documentation | 45.01 |
| % Stated Documentation | 53.03 |
| % Limited Documentation | 1.95 |
| |
| % Owner Occupied | 95.57 |
| |
| Loan Purpose | |
| % Cashout Refinance | 48.44 |
| % Purchase | 46.47 |
| % Rate Term Refinance | 5.08 |
| |
| State Concentration (Over 5%) | CA(30.22%),FL(15.35%) |
| |
| % Prepay Penalty | 84.39 |
| |
| Wtd Avg Std Orig Term (months) | 353 |
| Wtd Avg Std Rem Term (months) | 350 |
| Wtd Average Loan Age (months) | 3 |
