| DEAL NAME | MSM 2006-2 |
| Closing Date | 1/31/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 533,840,781 |
| |
| Sellers (Over 10%) | Morgan Stanley Mortgage Capital Inc.(58.15%),MortgageIT, Inc.(20.09%),First National Bank of Nevada(12.78%) |
| |
| Servicers (Over 10%) | GMAC Mortgage Corporation(93.00%) |
| |
| Number of Loans | 1,785 |
| Avg Loan Balance ($) | 299,070 |
| |
| 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 | 43.13 |
| Wtd Avg IO Term (months) | 120 |
| |
| Wtd Avg Current Mortgage Rate (%) | 6.066 |
| < 4.00% | 0 |
| 4.0000% - 4.9999% | 0.03 |
| 5.0000% - 5.9999% | 34.64 |
| 6.0000% - 6.9999% | 64.79 |
| 7.0000% - 7.9999% | 0.5 |
| 8.0000% - 8.9999% | 0.04 |
| 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 | 728 |
| % FICO below 660 (inc. N/A) | 5.73 |
| % FICO below 620 (inc. N/A) | 0.04 |
| |
| Wtd Avg Orig LTV | 66.03 |
| % LTV > 80 | 1.29 |
| % LTV > 90 | 0.35 |
| % LTV > 95 | 0 |
| |
| Documentation Level | |
| % Full/Alt Documentation | 7.36 |
| % Stated Documentation | 6.46 |
| % Limited Documentation | 56.84 |
| % No Documentation | 20.31 |
| % No Ratio Documentation | 9.03 |
| |
| % Owner Occupied | 83.39 |
| % Investor | 13.45 |
| % Second Home | 3.16 |
| |
| Loan Purpose | |
| % Cashout Refinance | 49.31 |
| % Purchase | 35.15 |
| % Rate Term Refinance | 15.54 |
| |
| State Concentration (Over 5%) | CA(59.35%),NY(5.92%) |
| |
| % Prepay Penalty | 58.41 |
| |
| Wtd Avg Std Orig Term (months) | 341 |
| Wtd Avg Std Rem Term (months) | 338 |
| Wtd Average Loan Age (months) | 3 |
