| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 11/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 72.48% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.92% |
| 60+ Days | 0.73% |
| 90+ Days | 0.23% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.26% |
| Foreclosure | 1.97% |
| REO | 0.74% |
| |
| Cumulative Net Loss | 0.03% |
| Loss Severity | 29.90% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.51% |
| 3mo CPR | 43.22% |
| 6mo CPR | 37.87% |
| 9mo CPR | 33.10% |
| Life CPR | 31.49% |
|