| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 1/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 67.34% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.27% |
| 60+ Days | 1.41% |
| 90+ Days | 0.67% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.97% |
| Foreclosure | 2.71% |
| REO | 1.01% |
| |
| Cumulative Net Loss | 0.06% |
| Loss Severity | 16.49% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.72% |
| Life CPR | NA |
|