| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 8/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 83.65% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.50% |
| 60+ Days | 0.49% |
| 90+ Days | 0.13% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.79% |
| Foreclosure | 1.71% |
| REO | 0.24% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 62.72% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.08% |
| 3mo CPR | 32.02% |
| 6mo CPR | 27.38% |
| Life CPR | 25.74% |
|