Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Morgan Stanley Abs Capital I Inc 424B5· MSDWCC Heloc Trust 2002-1 8/28/02 "Pay-Through Security" means, for federal income tax purposes, a debt instrument, such as some classes of Debt Securities, that is subject to acceleration due to prepayments on other debt obligations securing that instrument

Morgan Stanley Abs Capital I Inc 424B5· MSDWCC Heloc Trust 2002-1 8/28/02 "Pay-Through Security" means, for federal income tax purposes, a debt instrument, such as some classes of Debt Securities, that is subject to acceleration due to prepayments on other debt obligations securing that instrument

Ratings: (0)|Views: 160|Likes:
Published by Mary Cochrane
"FASIT" means a "financial asset securitization investment trust" under
the Code.

MORGAN STANLEY ABS CAPITAL I INC. DEPOSITOR

Morgan Stanley Abs Capital I Inc 1585 Broadway 2nd Fl New York, NY 10036 a DE Corp 13-3939229

Morgan Stanley Abs Capital I Inc • ‘S-3/A’ • As Of 4/29/97 92 Closely Related:
1. Aames Mortgage Investment Trust 2005-4 — 3/29/06 – US SEC # 1338642
2. CDC Mortgage Capital Trust 2004-He1 — 3/1/04 – US SEC # 1282338
3. Heloc Asset-Backed Notes Series 2003-2 — 3/29/04 – US SEC # 1268306
4. IXIS Real Estate Capital Trust 2005-HE1 — 3/31/06 – US SEC # 1318857
5. Morgan Stanley Abs Cap I Inc Mor Loan As Bk Cer Ser 2001-Wf1 — 1/14/02 – US SEC # 1139085

THIRD: The nature of business or purposes to be conducted or promoted
by the Corporation is to engage solely in the following activities:

a. To acquire, own, hold, sell, transfer, pledge or
otherwise dispose of:

(1) interests in (A) loan agreements, promissory
notes or evidences of indebtedness (the "Mortgage Loans") secured by
mortgages, deeds of trust, pledge agreements or other security devices
creating first, second and/or more subordinate liens on one- to
four-family residential properties, detached or semi-detached one- to
four-family dwelling units, townhouses, rowhouses, individual
condominium units, individual units in planned unit developments, and
certain other dwelling units (the "Single Family Properties") or mixed
use properties which consist of structures of not more than three
stories which include one- to four-family residential dwelling units
and space used for retail, professional or other commercial uses
(together with the Single Family Properties, the "Properties"), (B)
closed-end and/or revolving home equity loans (the "Home Equity Loans")
secured by first, second and/or subordinate liens on Single Family
Properties, (C) home improvement sale contracts and installment loan
agreements (the "Home Improvement Contracts") that are either unsecured
or secured by first, second and/or more subordinate liens on Single
Family Properties or by purchase money security interests in the home
improvements financed thereby, and (D) manufactured housing installment
sales contracts and installment loan agreements (the "Manufactured
Housing Contracts" and together with the Home Equity Loans, Home
Improvement Contracts and the Mortgage Loans, the "Loans") secured by
first, second, and or more subordinate liens or by mortgages on real
estate on which the manufactured homes are located; such Loans may
include cooperative apartment loans secured by shares issued by
private, nonprofit, cooperative housing corporations ("Cooperatives")
and the related proprietary leases or occupancy agreements granting
exclusive rights to occupy specific dwelling units in such Cooperative
buildings; http://www.secinfo.com/dsvr4.83H3.c.htm

"Title I Loans" means types of loans that are eligible for FHA
insurance under the Title I Program that are made to finance actions or items
that substantially protect or improve the basic livability or utility of a
property.

"Title I Programs" means the FHA Title I Credit Insurance program
created pursuant to Sections 1 and 2(a) of the National Housing Act of 1934.

"Property Improvement Loans" means types of loans that are eligible for
FHA insurance under the Title I Program that are made to finance actions or
items that substantially protect or improve the basic livability or utility of a
property.


"Morgan Stanley Exemption" or "Exemption" means the prohibited
Transaction Exemption 90-24, 55 Fed. Reg. 20548 (1990), as amended b
"FASIT" means a "financial asset securitization investment trust" under
the Code.

MORGAN STANLEY ABS CAPITAL I INC. DEPOSITOR

Morgan Stanley Abs Capital I Inc 1585 Broadway 2nd Fl New York, NY 10036 a DE Corp 13-3939229

Morgan Stanley Abs Capital I Inc • ‘S-3/A’ • As Of 4/29/97 92 Closely Related:
1. Aames Mortgage Investment Trust 2005-4 — 3/29/06 – US SEC # 1338642
2. CDC Mortgage Capital Trust 2004-He1 — 3/1/04 – US SEC # 1282338
3. Heloc Asset-Backed Notes Series 2003-2 — 3/29/04 – US SEC # 1268306
4. IXIS Real Estate Capital Trust 2005-HE1 — 3/31/06 – US SEC # 1318857
5. Morgan Stanley Abs Cap I Inc Mor Loan As Bk Cer Ser 2001-Wf1 — 1/14/02 – US SEC # 1139085

THIRD: The nature of business or purposes to be conducted or promoted
by the Corporation is to engage solely in the following activities:

a. To acquire, own, hold, sell, transfer, pledge or
otherwise dispose of:

(1) interests in (A) loan agreements, promissory
notes or evidences of indebtedness (the "Mortgage Loans") secured by
mortgages, deeds of trust, pledge agreements or other security devices
creating first, second and/or more subordinate liens on one- to
four-family residential properties, detached or semi-detached one- to
four-family dwelling units, townhouses, rowhouses, individual
condominium units, individual units in planned unit developments, and
certain other dwelling units (the "Single Family Properties") or mixed
use properties which consist of structures of not more than three
stories which include one- to four-family residential dwelling units
and space used for retail, professional or other commercial uses
(together with the Single Family Properties, the "Properties"), (B)
closed-end and/or revolving home equity loans (the "Home Equity Loans")
secured by first, second and/or subordinate liens on Single Family
Properties, (C) home improvement sale contracts and installment loan
agreements (the "Home Improvement Contracts") that are either unsecured
or secured by first, second and/or more subordinate liens on Single
Family Properties or by purchase money security interests in the home
improvements financed thereby, and (D) manufactured housing installment
sales contracts and installment loan agreements (the "Manufactured
Housing Contracts" and together with the Home Equity Loans, Home
Improvement Contracts and the Mortgage Loans, the "Loans") secured by
first, second, and or more subordinate liens or by mortgages on real
estate on which the manufactured homes are located; such Loans may
include cooperative apartment loans secured by shares issued by
private, nonprofit, cooperative housing corporations ("Cooperatives")
and the related proprietary leases or occupancy agreements granting
exclusive rights to occupy specific dwelling units in such Cooperative
buildings; http://www.secinfo.com/dsvr4.83H3.c.htm

"Title I Loans" means types of loans that are eligible for FHA
insurance under the Title I Program that are made to finance actions or items
that substantially protect or improve the basic livability or utility of a
property.

"Title I Programs" means the FHA Title I Credit Insurance program
created pursuant to Sections 1 and 2(a) of the National Housing Act of 1934.

"Property Improvement Loans" means types of loans that are eligible for
FHA insurance under the Title I Program that are made to finance actions or
items that substantially protect or improve the basic livability or utility of a
property.


"Morgan Stanley Exemption" or "Exemption" means the prohibited
Transaction Exemption 90-24, 55 Fed. Reg. 20548 (1990), as amended b

More info:

Categories:Business/Law
Published by: Mary Cochrane on Apr 02, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

05/14/2014

pdf

text

original

 
________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 1/282
· ‘
· 
________________________________________________________________________________
 Morgan Stanley Abs Capital I Inc · 424B5 · MSDWCC Heloc Trust 2002-1 · On 8/28/02Document 1 of 1 · 424B5 · Definitive Materials ________________________________________________________________________________ 
 Filed Pursuant to Rule 424(b)(5)Registration File No.: 333-?????PROSPECTUS SUPPLEMENT(TO PROSPECTUS DATED NOVEMBER 8, 2001)$472,233,000 (APPROXIMATE)MORGAN STANLEY ABS CAPITAL I INC.DEPOSITORMSDWCC HELOC TRUST 2002-1HELOC ASSET-BACKED NOTES, SERIES 2002-1MORGAN STANLEY DEAN WITTER CREDIT CORPORATIONSELLER AND SERVICER------------------The Noteso represent debt obligations of the trust;o are principally secured by adjustable-rate revolving credit loanagreements and closed end fixed-rate and closed end adjustable-ratemortgage loans (which are together referred to in this prospectussupplement as the home equity loans), secured by first and second liens onone- to four-family residential properties; ando are not insured or guaranteed by any governmental agency.The Trusto will issue one class of notes, which is offered hereby; ando will issue one class of certificates, representing beneficial ownershipin the trust, which is not offered hereby.The notes represent non-recourse obligations of the trust and will notrepresent an interest in or obligation of Morgan Stanley ABS Capital I Inc.,Morgan Stanley Dean Witter Credit Corporation, the indenture trustee, the ownertrustee or any of their affiliatesTHE HOME EQUITY LOANS IN THE TRUST ARE SUBJECT TO A MANDATORY AUCTION ON THEPAYMENT DATE IN AUGUST 2012, AS DESCRIBED IN THIS PROSPECTUS SUPPLEMENT.Credit enhancement for the notes consists of:
o the investor’s interest in the portion of interest paid by the borrowers
 in excess of what is necessary to pay interest earned on, and other feesand expenses associated with, the notes;
 
Morgan Stanley Abs Capital I Inc · 424B5 · MSDWCC Heloc Trust 2002-1 · On 8/28/02Document 1 of 1 · 424B5 · Definitive Materials________________________________________________________________________________________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 2/282
o overcollateralization consisting of any excess of the investor’s
 interest in the principal balance of the home equity loans over thebalance of the notes; ando an irrevocable and unconditional financial guaranty insurance policy tobe issued by Financial Security Assurance Inc.[FSA LOGO]This prospectus supplement may be used to offer and sell the notes only ifaccompanied by the prospectus.Consider carefully the risk factors beginning on page S-6 in thisprospectus supplement and page 6 in the prospectus.Neither the Securities and Exchange Commission nor any state securitiescommission has approved or disapproved of the notes or determined that thisprospectus supplement or the prospectus is accurate or complete. Anyrepresentation to the contrary is a criminal offense.The Attorney General of the State of New York has not passed on orendorsed the merits of this offering. Any representation to the contrary isunlawful.------------------UnderwritingMorgan Stanley & Co. Incorporated, Blaylock & Partners, L.P. and UtendahlCapital Partners, L.P. will purchase the notes from the depositor and willoffer them to the public from time to time in negotiated transactions at pricesdetermined at the time of sale. In exchange for the notes, the depositor willreceive approximately 99.70% of the initial principal balance of the notes,before deducting expenses payable by the depositor. The notes are offeredsubject to prior sale, when, as and if accepted by Morgan Stanley & Co.Incorporated, Blaylock & Partners, L.P. and Utendahl Capital Partners, L.P. andsubject to their right to reject orders in whole or in part. Delivery of thenotes will be made in book-entry form through the facilities of The DepositoryTrust Company, Clearstream, Luxembourg and the Euroclear System on or aboutAugust 29, 2002, against payment for them in immediately available funds.------------------MORGAN STANLEYBLAYLOCK & PARTNERS, L.P.UTENDAHL CAPITAL PARTNER, L.P.August 26, 2002
 
Morgan Stanley Abs Capital I Inc · 424B5 · MSDWCC Heloc Trust 2002-1 · On 8/28/02Document 1 of 1 · 424B5 · Definitive Materials________________________________________________________________________________________________________________________________________________________________
Source:
SEC Info · www.secinfo.com ·
Fran Finnegan & Company 
· 3/282IMPORTANT INFORMATION PRESENTED IN THIS PROSPECTUS SUPPLEMENTAND THE ACCOMPANYING PROSPECTUSWe provide information to you about the notes in two separate documentsthat provide progressively more detailed information:o the accompanying prospectus, which provides general information, someof which may not apply to your series of notes; ando this prospectus supplement, which describes the specific terms of yourseries of notes.IF THE DESCRIPTION OF YOUR NOTES IN THIS PROSPECTUS SUPPLEMENT DIFFERS FROMTHE RELATED DESCRIPTION IN THE ACCOMPANYING PROSPECTUS, YOU SHOULD RELY ON THEINFORMATION IN THIS PROSPECTUS SUPPLEMENT.You should rely only on the information contained or incorporated byreference in this prospectus supplement and the accompanying prospectus. We havenot authorized anyone to provide you with different information.We are not offering the HELOC Asset-Backed Notes, Series 2002-1 in anystate where the offer is not permitted.For 90 days following the date of this prospectus supplement, all dealersselling notes will deliver a prospectus supplement and prospectus. Thisrequirement is in addit
ion to the dealers’ obligation to deliver a prospectus
 when acting as underwriters of the notes with respect to their unsold allotmentsor subscriptions.This prospectus supplement and the prospectus include cross-references tocaptions in these materials where you can find further related discussions. Thefollowing table of contents and the table of contents contained in accompanyingprospectus indicate the pages on which those captions are located.i

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->