| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 6/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 89.92% |
| |
| Delinquency Status (*) | |
| 30+ Days | 1.71% |
| 60+ Days | 0.17% |
| 90+ Days | 0.03% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.65% |
| Foreclosure | 1.27% |
| REO | 0.04% |
| |
| Cumulative Net Loss | 0.00% |
| Loss Severity | 0.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 26.29% |
| 3mo CPR | 25.61% |
| Life CPR | 21.82% |
|