| DEAL NAME | MSM 2006-10SL |
| Closing Date | 7/28/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 300,315,389.24 |
| |
| Sellers | Morgan Stanley(90.62%),Aames Capital Corp(5.83%) |
| Servicers | GMAC(100.00%) |
| |
| Number of Loans | 4,845 |
| Avg Loan Balance ($) | 61,984.60 |
| |
| Fixed/Floating | |
| % FRM | 100.00 |
| % ARM | 0.00 |
| % Balloon | 80.59 |
| % IO | 8.33 |
| Wtd Avg IO Term (months) | 96 |
| |
| Wtd Avg Current Mortgage Rate (%) | 11.120 |
| |
| Lien Composition | |
| % 1st Lien | 0.00 |
| % 2nd Lien | 100.00 |
| |
| Non-Zero Wtd Avg FICO | 689 |
| % FICO below 660 (inc. N/A) | 26.02 |
| % FICO below 620 (inc. N/A) | 2.27 |
| |
| Wtd Avg Comb Orig LTV | 97.07 |
| % LTV > 80 | 97.53 |
| % LTV > 90 | 85.18 |
| % LTV > 95 | 68.90 |
| |
| Wtd Avg Orig Junior LTV | 19.46 |
| % Junior LTV > 15 | 81.96 |
| % Junior LTV > 20 | 13.49 |
| |
| Documentation Level | |
| % Full Documentation | 18.46 |
| % Stated Documentation | 4.74 |
| % Limited Documentation | 54.03 |
| % No Documentation | 3.60 |
| |
| % Owner Occupied | 84.04 |
| % Investor Occupied | 11.93 |
| % Secondary Occupied | 4.02 |
| |
| Loan Purpose | |
| % Cashout Refinance | 16.18 |
| % Purchase | 77.80 |
| % Rate Term Refinance | 6.03 |
| |
| State Concentration (Over 5%) | CA(25.49%),NY(11.93%),FL(9.34%),NV(6.83%),VA(6.03%) |
| |
| % Prepay Penalty | 22.55 |
| |
| Wtd Avg Std Orig Term (months) | 205 |
| Wtd Avg Std Rem Term (months) | 201 |
| Wtd Average Loan Age (months) | 3 |
