| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 10/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 76.29% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.30% |
| 60+ Days | 0.75% |
| 90+ Days | 0.20% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.41% |
| Foreclosure | 2.12% |
| REO | 0.54% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 19.31% |
| |
| Prepayment Experience | |
| 1mo CPR | 38.81% |
| 3mo CPR | 39.50% |
| 6mo CPR | 34.35% |
| 9mo CPR | 29.72% |
| Life CPR | 29.72% |
|