MORGAN STANLEY
AAMES SECURITIZATION 2001 - 3
CONFORMING
1,650 RECORDS
BALANCE: 131,072,773
SELECTION CRITERIA: CONFORMING
TABLE OF CONTENTS
1. Adjustment Type
2. Current Mortgage Loan Principal Balance ($)
3. Current Mortgage Rates (%)
4. Margin (%)
5. Next Rate Adjustment Date
6. Maximum Mortgage Rates (%)
7. Original Term
8. Remaining Term to Stated Maturity
9. Current Loan-to-Value Ratio (%)
10. Occupancy
11. Property Type
12. Originator
13. Geographic Distribution by State
14. Documentation Level
15. Credit Grade
16. FICO Score
1. ADJUSTMENT TYPE
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
ADJUSTMENT TYPE LOANS BALANCE BALANCE
- --------------- ----- ------- -------
Fixed Rate 1,593 126,867,370.62 96.79
ARM 57 4,205,402.00 3.21
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
2. CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($)
NUMBER % OF
OF TOTAL TOTAL
CURRENT MORTGAGE LOAN MORTGAGE CURRENT CURRENT
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE
--------------------- ----- ------- -------
(less than or equal to) 50,000.00 561 20,279,363.45 15.47
50,000.01 - 75,000.00 447 27,609,075.97 21.06
75,000.01 - 100,000.00 223 19,179,222.40 14.63
100,000.01 - 125,000.00 139 15,567,461.14 11.88
125,000.01 - 150,000.00 103 14,123,553.46 10.78
150,000.01 - 175,000.00 75 12,215,719.36 9.32
175,000.01 - 200,000.00 40 7,568,590.93 5.77
200,000.01 - 225,000.00 32 6,791,524.24 5.18
225,000.01 - 250,000.00 16 3,813,165.50 2.91
250,000.01 (greater than or equal to) 14 3,925,096.17 2.99
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 11,182
Maximum: 364,255
Average: 79,438
3. CURRENT MORTGAGE RATES (%)
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
CURRENT MORTGAGE RATES (%) LOANS BALANCE BALANCE
- -------------------------- ----- ------- -------
(less than or equal to) 7.000 4 521,089.94 0.40
7.001 - 8.000 94 11,514,150.21 8.78
8.001 - 9.000 251 28,733,319.51 21.92
9.001 - 10.000 421 36,176,722.79 27.60
10.001 - 11.000 314 23,327,584.06 17.80
11.001 - 12.000 248 14,555,764.71 11.11
12.001 - 13.000 203 11,253,486.17 8.59
13.001 - 14.000 90 3,929,722.12 3.00
14.001 - 15.000 25 1,060,933.11 0.81
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 6.7140
Maximum: 15.0000
Weighted Average: 10.0697
4. MARGIN (%)
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
MARGIN (%) LOANS BALANCE BALANCE
- ---------- ----- ------- -------
4.001 - 4.500 2 125,689.88 2.99
5.001 - 5.500 3 274,247.46 6.52
5.501 - 6.000 8 628,962.45 14.96
6.001 - 6.500 9 661,096.49 15.72
6.501 - 7.000 14 1,361,321.86 32.37
7.001 - 7.500 1 69,664.38 1.66
7.501 - 8.000 12 701,527.43 16.68
8.001 (greater than or equal to) 8 382,892.05 9.10
-- ------------ ------
TOTAL: 57 4,205,402.00 100.00
== ============ ======
Minimum: 4.0090
Maximum: 9.8800
Weighted Average: 6.7576
5. NEXT RATE ADJUSTMENT DATE
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
NEXT RATE ADJUSTMENT DATE LOANS BALANCE BALANCE
- ------------------------- ----- ------- -------
2004-04-01 2 145,350.34 3.46
2004-05-01 29 1,811,751.49 43.08
2004-06-01 25 2,179,348.02 51.82
2004-07-01 1 68,952.15 1.64
-- ------------ ------
TOTAL: 57 4,205,402.00 100.00
== ============ ======
Minimum: 2004-04-01
Maximum: 2004-07-01
Weighted Average Months: 32.5
6. MAXIMUM MORTGAGE RATES (%)
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
MAXIMUM MORTGAGE RATES (%) LOANS BALANCE BALANCE
- -------------------------- ----- ------- -------
14.001 - 15.000 2 125,689.88 2.99
15.001 - 16.000 8 828,230.54 19.69
16.001 - 17.000 18 1,566,488.64 37.25
17.001 - 18.000 12 682,231.16 16.22
18.001 - 19.000 8 486,918.67 11.58
19.001 - 20.000 8 458,374.52 10.90
20.001 (greater than or equal to) 1 57,468.59 1.37
-- ------------ ------
TOTAL: 57 4,205,402.00 100.00
== ============ ======
Minimum: 14.3990
Maximum: 20.0500
Weighted Average: 17.0913
7. ORIGINAL TERM
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
ORIGINAL TERM LOANS BALANCE BALANCE
- ------------- ----- ------- -------
61 - 120 15 716,676.98 0.55
121 - 180 258 14,490,247.78 11.06
181 - 240 63 4,636,024.75 3.54
241 - 300 5 447,541.61 0.34
301 - 360 1,309 110,782,281.50 84.52
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 96
Maximum: 360
Weighted Average: 334.3
8. REMAINING TERM TO STATED MATURITY
NUMBER % OF
OF TOTAL TOTAL
REMAINING TERM MORTGAGE CURRENT CURRENT
TO STATED MATURITY LOANS BALANCE BALANCE
- ------------------ ----- ------- -------
61 - 120 15 716,676.98 0.55
121 - 180 258 14,490,247.78 11.06
181 - 240 63 4,636,024.75 3.54
241 - 300 5 447,541.61 0.34
301 - 360 1,309 110,782,281.50 84.52
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 96
Maximum: 360
Weighted Average: 332.6
9. CURRENT LOAN-TO-VALUE RATIO (%)
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
CURRENT LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE
- ------------------------------- ----- ------- --------
(less than or equal to) 50.00 144 6,406,590.99 4.89
50.01 - 60.00 112 7,870,767.63 6.00
60.01 - 70.00 318 21,667,320.12 16.53
70.01 - 75.00 289 22,922,547.38 17.49
75.01 - 80.00 514 44,104,333.36 33.65
80.01 - 85.00 150 14,109,157.50 10.76
85.01 - 90.00 109 12,571,254.45 9.59
90.01 - 95.00 7 835,867.57 0.64
95.01 - 100.00 7 584,933.62 0.45
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 3.74
Maximum: 100.00
Weighted Average: 74.66
10. OCCUPANCY
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
OCCUPANCY LOANS BALANCE BALANCE
- --------- ----- ------- -------
Primary 1,483 121,565,292.04 92.75
Non-Owner Occupied 167 9,507,480.58 7.25
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
11. PROPERTY TYPE
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
PROPERTY TYPE LOANS BALANCE BALANCE
- ------------- ----- ------- -------
Single Family Residence 1,465 115,729,592.77 88.29
2 Family 108 8,203,946.68 6.26
Condo 33 2,992,610.24 2.28
3 Family 19 1,944,289.25 1.48
4 Family 13 1,362,127.05 1.04
Manufactured Housing 11 774,475.11 0.59
Townhouse 1 65,731.52 0.05
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
12. ORIGINATOR
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
ORIGINATOR LOANS BALANCE BALANCE
- ---------- ----- ------- -------
Broker/Wholesale 306 29,398,568.80 22.43
National Loan Center 181 14,718,377.23 11.23
Retail 1,161 86,676,533.53 66.13
Unaffiliated Originator 2 279,293.06 0.21
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
13. GEOGRAPHIC DISTRIBUTION BY STATE
NUMBER % OF
GEOGRAPHIC OF TOTAL TOTAL
DISTRIBUTION MORTGAGE CURRENT CURRENT
BY STATE LOANS BALANCE BALANCE
-------- ----- ------- -------
Arizona 41 2,881,460.14 2.20
Arkansas 3 86,761.06 0.07
California 220 28,025,545.45 21.38
Colorado 4 320,453.13 0.24
Connecticut 15 1,578,924.71 1.20
Delaware 1 36,895.51 0.03
District of Columbia 1 85,459.04 0.07
Florida 85 7,029,338.30 5.36
Georgia 23 1,916,448.97 1.46
Hawaii 16 2,665,503.08 2.03
Idaho 8 574,194.71 0.44
Illinois 92 6,898,285.95 5.26
Indiana 21 1,290,744.65 0.98
Iowa 59 3,446,571.44 2.63
Kansas 5 315,054.31 0.24
Kentucky 2 102,354.88 0.08
Louisiana 7 373,226.77 0.28
Maryland 12 1,039,311.72 0.79
Massachusetts 19 2,545,285.72 1.94
Michigan 114 7,181,489.44 5.48
Minnesota 25 2,910,301.15 2.22
Mississippi 10 451,214.32 0.34
Missouri 41 2,192,789.25 1.67
Montana 5 386,215.17 0.29
Nebraska 4 319,754.99 0.24
Nevada 27 3,053,757.84 2.33
New Hampshire 3 532,823.93 0.41
New Jersey 28 2,966,790.29 2.26
New Mexico 1 44,983.92 0.03
New York 110 7,907,796.08 6.03
North Carolina 21 1,155,297.78 0.88
Ohio 125 7,726,957.10 5.90
Oklahoma 18 986,454.27 0.75
Oregon 15 1,836,298.69 1.40
Pennsylvania 86 5,538,495.89 4.23
Rhode Island 6 531,489.93 0.41
South Carolina 4 371,691.13 0.28
South Dakota 1 19,590.00 0.01
Tennessee 44 2,355,674.14 1.80
Texas 263 16,367,547.40 12.49
Utah 7 630,798.10 0.48
Virginia 31 2,294,414.44 1.75
Washington 13 1,114,582.83 0.85
West Virginia 3 116,927.82 0.09
Wisconsin 11 866,817.18 0.66
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Number of States Represented: 45
14. DOCUMENTATION LEVEL
NUMBER % OF
OF TOTAL TOTAL
MORTGAGE CURRENT CURRENT
DOCUMENTATION LEVEL LOANS BALANCE BALANCE
- ------------------- ----- ------- -------
Full 1,387 107,872,618.87 82.30
Stated Documentation 219 19,867,033.54 15.16
Light 44 3,333,120.21 2.54
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
15. CREDIT GRADE
NUMBER % OF
OF TOTAL TOTAL
CREDIT MORTGAGE CURRENT CURRENT
GRADE LOANS BALANCE BALANCE
- ----- ----- ------- -------
A 256 25,517,104.85 19.47
A- 425 37,353,653.66 28.50
A+ 56 5,189,321.77 3.96
B 358 27,158,425.85 20.72
B- 49 2,618,905.10 2.00
B+ 143 11,196,523.20 8.54
C 225 13,561,085.20 10.35
C- 58 3,646,477.13 2.78
C+ 39 2,261,294.10 1.73
D 41 2,569,981.76 1.96
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
16. FICO SCORE
NUMBER % OF
OF TOTAL TOTAL
FICO MORTGAGE CURRENT CURRENT
SCORE LOANS BALANCE BALANCE
----- ----- ------- -------
(less than or equal to) 0 23 835,382.35 0.64
1 - 540 199 13,006,724.36 9.92
541 - 580 412 28,909,257.89 22.06
581 - 620 548 45,244,380.73 34.52
621 - 660 324 29,755,432.91 22.70
661 - 700 91 8,414,386.69 6.42
701 - 740 36 3,580,792.53 2.73
741 - 780 14 1,070,117.85 0.82
781 - 820 3 256,297.31 0.20
----- -------------- ------
TOTAL: 1,650 131,072,772.62 100.00
===== ============== ======
Minimum: 430
Maximum: 811
Weighted Average: 602.9
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