| DEAL NAME | MSM 2006-11 |
| Closing Date | 7/31/2006 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 682,375,192 |
| |
| Sellers (Over 10%) | Morgan Stanley Mortgage Capital Inc.(44.00%),American Home Mortgage Corp.(22.52%),UBS Real Estate Securities Inc.(10.99%) |
| |
| Servicers (Over 10%) | GMAC Mortgage Corporation(90.89%) |
| |
| Number of Loans | 2,667 |
| Avg Loan Balance ($) | 255,859 |
| |
| 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 | 47.29 |
| Wtd Avg IO Term (months) | 117 |
| |
| Wtd Avg Current Mortgage Rate (%) | 6.966 |
| < 4.00% | 0 |
| 4.0000% - 4.9999% | 0.02 |
| 5.0000% - 5.9999% | 4.12 |
| 6.0000% - 6.9999% | 51.31 |
| 7.0000% - 7.9999% | 36.4 |
| 8.0000% - 8.9999% | 7.72 |
| 9.0000% - 9.9999% | 0.36 |
| 10.0000% - 10.9999% | 0.07 |
| 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 | 704 |
| % FICO below 660 (inc. N/A) | 19.42 |
| % FICO below 620 (inc. N/A) | 3.54 |
| |
| Wtd Avg Orig LTV | 72.18 |
| % LTV > 80 | 3.19 |
| % LTV > 90 | 1.27 |
| % LTV > 95 | 0.2 |
| |
| Documentation Level | |
| % Full/Alt Documentation | 25.45 |
| % Stated Documentation | 5.51 |
| % Limited Documentation | 46.4 |
| % No Documentation | 9.97 |
| % No Ratio Documentation | 11.86 |
| % Lite Documentation | 0.81 |
| |
| % Owner Occupied | 79 |
| % Investor | 17.24 |
| % Second Home | 3.76 |
| |
| Loan Purpose | |
| % Cashout Refinance | 39.41 |
| % Purchase | 47.78 |
| % Rate Term Refinance | 12.81 |
| |
| State Concentration (Over 5%) | CA(30.27%),FL(8.41%),NY(7.85%),VA(5.43%) |
| |
| % Prepay Penalty | 33.3 |
| |
| Wtd Avg Std Orig Term (months) | 351 |
| Wtd Avg Std Rem Term (months) | 347 |
| Wtd Average Loan Age (months) | 4 |
