| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 4/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 61.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.83% |
| 60+ Days | 1.54% |
| 90+ Days | 1.03% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.64% |
| Foreclosure | 3.79% |
| REO | 1.34% |
| |
| Cumulative Net Loss | 0.16% |
| Loss Severity | 22.32% |
| |
| Prepayment Experience | |
| 1mo CPR | 32.99% |
| 3mo CPR | 29.66% |
| Life CPR | NA |
|