| DEAL NAME | MSM 2005-8SL |
| Closing Date | 11/30/2005 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 299,081,029.00 |
| |
| Sellers | FRE(46%),AH(35%),MS(13%),AEG(6%) |
| Servicers | HQ(100%) |
| |
| Number of Loans | 5,380 |
| Avg Loan Balance ($) | 55,591.27 |
| |
| Fixed/Floating | |
| % FRM | 100.00 |
| % ARM | 0.00 |
| % Balloon | 51.06 |
| % IO | 0.79 |
| Wtd Avg IO Term (months) | 68 |
| |
| Wtd Avg Current Mortgage Rate (%) | 10.513 |
| |
| Lien Composition | |
| % 1st Lien | 0.00 |
| % 2nd Lien | 100.00 |
| |
| Non-Zero Wtd Avg FICO | 678 |
| % FICO below 660 (inc. N/A) | 35.89 |
| % FICO below 620 (inc. N/A) | 13.28 |
| |
| Wtd Avg Comb Orig LTV | 97.53 |
| % LTV > 80 | 98.39 |
| % LTV > 90 | 88.45 |
| % LTV > 95 | 72.53 |
| |
| Wtd Avg Orig Junior LTV | 20.30 |
| % Junior LTV > 15 | 85.02 |
| % Junior LTV > 20 | 20.67 |
| |
| Documentation Level | |
| % Full Documentation | 34.14 |
| % Stated Documentation | 38.18 |
| % Limited Documentation | 20.11 |
| % No Documentation | 7.57 |
| |
| % Owner Occupied | 82.19 |
| % Investor Occupied | 14.96 |
| % Secondary Occupied | 2.85 |
| |
| Loan Purpose | |
| % Cashout Refinance | 13.65 |
| % Purchase | 85.28 |
| % Rate Term Refinance | 1.08 |
| |
| State Concentration (Over 5%) | CA(26.77%),FL(9.33%),NY(6.76%),NV(6.43%),VA(6.14%),IL(5.10%) |
| |
| % Prepay Penalty | 37.40 |
| |
| Wtd Avg Std Orig Term (months) | 221 |
| Wtd Avg Std Rem Term (months) | 217 |
| Wtd Average Loan Age (months) | 4 |
|
