| DEAL NAME | MSM 2006-14SL |
| Closing Date | 10/31/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 353,987,032.37 |
| |
| Sellers | Morgan Stanley(90.43%),Aegis Mortgage Corp(6.36%),Other(3.21%) |
| Servicers | GMAC(100.00%) |
| |
| Number of Loans | 6,132 |
| Avg Loan Balance ($) | 57,727.83 |
| |
| Fixed/Floating | |
| % FRM | 100.00 |
| % ARM | 0.00 |
| % Balloon | 80.45 |
| % IO | 6.67 |
| Wtd Avg IO Term (months) | 89 |
| |
| Wtd Avg Current Mortgage Rate (%) | 11.124 |
| |
| Lien Composition | |
| % 1st Lien | 0.00 |
| % 2nd Lien | 100.00 |
| |
| Non-Zero Wtd Avg FICO | 681 |
| % FICO below 660 (inc. N/A) | 30.81 |
| % FICO below 620 (inc. N/A) | 1.98 |
| |
| Wtd Avg Comb Orig LTV | 98.11 |
| % LTV > 80 | 97.79 |
| % LTV > 90 | 91.08 |
| % LTV > 95 | 81.23 |
| |
| Wtd Avg Orig Junior LTV | 19.72 |
| % Junior LTV > 15 | 89.18 |
| % Junior LTV > 20 | 7.23 |
| |
| Documentation Level | |
| % Full Documentation | 29.42 |
| % Stated Documentation | 3.41 |
| % Limited Documentation | 46.96 |
| % No Documentation | 2.88 |
| |
| % Owner Occupied | 91.36 |
| % Investor Occupied | 6.19 |
| % Secondary Occupied | 2.46 |
| |
| Loan Purpose | |
| % Cashout Refinance | 16.18 |
| % Purchase | 78.67 |
| % Rate Term Refinance | 5.15 |
| |
| State Concentration (Over 5%) | CA(24.40%),NY(9.27%),FL(7.59%),VA(5.61%),MD(4.85%),NJ(4.44%),AZ(4.00%),WA(3.91%),NV(3.25%),TX(3.14%) |
| |
| % Prepay Penalty | 43.68 |
| |
| Wtd Avg Std Orig Term (months) | 206 |
| Wtd Avg Std Rem Term (months) | 202 |
| Wtd Average Loan Age (months) | 3 |
|
