| DEAL NAME | MSM 2007-11AR |
| Closing Date | 6/29/2007 |
| |
| Initial Collateral Characteristics | |
| Principal Balance ($) | 406,052,663 |
| |
| Sellers (Over 10%) | Morgan Stanley Mortgage Capital Inc.(76.10%),First National Bank of Nevada(17.96%) |
| |
| Servicers (Over 10%) | GMAC Mortgage Corporation(96.57%) |
| |
| Number of Loans | 1,203 |
| Avg Loan Balance ($) | 337,533 |
| |
| Fixed/Floating | |
| % FRM | 0 |
| % ARM | 100 |
| % Short Arm | 0 |
| % 3/1 or 3/6 | 10.07 |
| % 5/1 or 5/6 | 89.93 |
| % 7/1 or 7/6 | 0 |
| % 10/1 or 10/6 | 0 |
| |
| % IO | 84.27 |
| Wtd Avg IO Term (months) | 112 |
| |
| Wtd Avg Current Mortgage Rate (%) | 7.09 |
| < 4.00% | 0 |
| 4.0000% - 4.9999% | 0 |
| 5.0000% - 5.9999% | 4.32 |
| 6.0000% - 6.9999% | 37.31 |
| 7.0000% - 7.9999% | 48.29 |
| 8.0000% - 8.9999% | 8.78 |
| 9.0000% - 9.9999% | 1.18 |
| 10.0000% - 10.9999% | 0.12 |
| 11.000% + | 0 |
| |
| Non-Zero Wtd Avg Margin (%) | 2.743 |
| Non-Zero Wtd Avg Initial Cap (%) | 5.327 |
| Non-Zero Wtd Avg Periodic Cap (%) | 1.662 |
| |
| Lien Composition | |
| % 1st Lien | 100 |
| % 2nd Lien | 0 |
| |
| Non-Zero Wtd Avg FICO | 703 |
| % FICO below 660 (inc. N/A) | 16.9 |
| % FICO below 620 (inc. N/A) | 1.96 |
| |
| Wtd Avg Orig LTV | 78.92 |
| % LTV > 80 | 18.16 |
| % LTV > 90 | 12.96 |
| % LTV > 95 | 11.3 |
| |
| Documentation Level | |
| % Full/Alt Documentation | 10.57 |
| % Stated Documentation | 5.32 |
| % Limited Documentation | 53.91 |
| % No Documentation | 9.82 |
| % No Ratio Documentation | 20.37 |
| |
| % Owner Occupied | 81.23 |
| % Investor | 14.83 |
| % Second Home | 3.94 |
| |
| Loan Purpose | |
| % Cashout Refinance | 27.62 |
| % Purchase | 57.08 |
| % Rate Term Refinance | 15.3 |
| |
| State Concentration (Over 5%) | CA(44.77%),FL(8.20%),AZ(5.81%) |
| |
| % Prepay Penalty | 55.25 |
| |
| Wtd Avg Std Orig Term (months) | 360 |
| Wtd Avg Std Rem Term (months) | 357 |
| Wtd Average Loan Age (months) | 3 |
