| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 9/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 79.52% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.60% |
| 60+ Days | 0.50% |
| 90+ Days | 0.18% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.01% |
| Foreclosure | 2.01% |
| REO | 0.29% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 0.55% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.12% |
| 3mo CPR | 38.38% |
| 6mo CPR | 32.30% |
| Life CPR | 28.50% |
|