EX-99.1 3 file002.txt COMPUTATIONAL MATERIALS 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 This information is being delivered to a specific number of prospective sophisticated investors in order to assist them in determining whether they have an interest in the type of security described herein. It has been prepared solely for information purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. 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