| DEAL NAME | MSM 2005-7 |
| Closing Date | 10/31/2005 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 822,911,117 |
| |
| Sellers (Over 10%) | Morgan Stanley Mortgage Capital Inc.(57.98%),MortgageIT, Inc.(18.58%) |
| |
| Servicers (Over 10%) | GMAC Mortgage Corporation(87.79%) |
| |
| Number of Loans | 2,409 |
| Avg Loan Balance ($) | 341,599 |
| |
| Fixed/Floating | |
| % FRM | 100 |
| % ARM | 0 |
| % Short Arm | 0 |
| % 3/1 or 3/6 | 0 |
| % 5/1 or 5/6 | 0 |
| % 7/1 or 7/6 | 0 |
| % 10/1 or 10/6 | 0 |
| |
| % IO | 35.71 |
| Wtd Avg IO Term (months) | 118 |
| |
| Wtd Avg Current Mortgage Rate (%) | 5.889 |
| < 4.00% | 0 |
| 4.0000% - 4.9999% | 0.03 |
| 5.0000% - 5.9999% | 62.93 |
| 6.0000% - 6.9999% | 37.02 |
| 7.0000% - 7.9999% | 0.03 |
| 8.0000% - 8.9999% | 0 |
| 9.0000% - 9.9999% | 0 |
| 10.0000% - 10.9999% | 0 |
| 11.000% + | 0 |
| |
| Non-Zero Wtd Avg Margin (%) | 0 |
| Non-Zero Wtd Avg Initial Cap (%) | 0 |
| Non-Zero Wtd Avg Periodic Cap (%) | 0 |
| |
| Lien Composition | |
| % 1st Lien | 100 |
| % 2nd Lien | 0 |
| |
| Non-Zero Wtd Avg FICO | 721 |
| % FICO below 660 (inc. N/A) | 7.78 |
| % FICO below 620 (inc. N/A) | 0.52 |
| |
| Wtd Avg Orig LTV | 66.5 |
| % LTV > 80 | 1.49 |
| % LTV > 90 | 0.6 |
| % LTV > 95 | 0.34 |
| |
| Documentation Level | |
| % Full/Alt Documentation | 23.66 |
| % Stated Documentation | 3.15 |
| % Limited Documentation | 41.34 |
| % No Documentation | 23.56 |
| % No Ratio Documentation | 6.98 |
| % Lite Documentation | 1.3 |
| |
| % Owner Occupied | 87.76 |
| % Investor | 8.65 |
| % Second Home | 3.59 |
| |
| Loan Purpose | |
| % Cashout Refinance | 50.09 |
| % Purchase | 34.66 |
| % Rate Term Refinance | 15.25 |
| |
| State Concentration (Over 5%) | CA(56.12%),NY(7.20%) |
| |
| % Prepay Penalty | 55.58 |
| |
| Wtd Avg Std Orig Term (months) | 351 |
| Wtd Avg Std Rem Term (months) | 348 |
| Wtd Average Loan Age (months) | 3 |
