| DEAL NAME | MSM 2006-7 |
| Closing Date | 5/31/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 548,033,117 |
| |
| Sellers (Over 10%) | Morgan Stanley Mortgage Capital Inc.(65.04%),Greenpoint Mortgage Funding, Inc.(10.50%),MortgageIT, Inc.(10.34%) |
| |
| Servicers (Over 10%) | GMAC Mortgage Corporation(76.49%),Greenpoint Mortgage Funding, Inc.(10.36%) |
| |
| Number of Loans | 2,128 |
| Avg Loan Balance ($) | 257,534 |
| |
| 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 | 40.1 |
| Wtd Avg IO Term (months) | 119 |
| |
| Wtd Avg Current Mortgage Rate (%) | 6.617 |
| < 4.00% | 0 |
| 4.0000% - 4.9999% | 0 |
| 5.0000% - 5.9999% | 11.16 |
| 6.0000% - 6.9999% | 64.03 |
| 7.0000% - 7.9999% | 21.78 |
| 8.0000% - 8.9999% | 2.92 |
| 9.0000% - 9.9999% | 0.1 |
| 10.0000% - 10.9999% | 0.01 |
| 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 | 711 |
| % FICO below 660 (inc. N/A) | 16.63 |
| % FICO below 620 (inc. N/A) | 1.23 |
| |
| Wtd Avg Orig LTV | 70.41 |
| % LTV > 80 | 3.11 |
| % LTV > 90 | 1.74 |
| % LTV > 95 | 1.26 |
| |
| Documentation Level | |
| % Full/Alt Documentation | 28.46 |
| % Stated Documentation | 9.88 |
| % Limited Documentation | 42.93 |
| % No Documentation | 9.37 |
| % No Ratio Documentation | 6.43 |
| % Lite Documentation | 2.93 |
| |
| % Owner Occupied | 79.28 |
| % Investor | 16.45 |
| % Second Home | 4.28 |
| |
| Loan Purpose | |
| % Cashout Refinance | 41.76 |
| % Purchase | 40.81 |
| % Rate Term Refinance | 17.43 |
| |
| State Concentration (Over 5%) | CA(35.60%),NY(12.13%),FL(6.60%),TX(5.29%) |
| |
| % Prepay Penalty | 56 |
| |
| Wtd Avg Std Orig Term (months) | 339 |
| Wtd Avg Std Rem Term (months) | 336 |
| Wtd Average Loan Age (months) | 3 |
