| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 5/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 59.94% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.98% |
| 60+ Days | 1.76% |
| 90+ Days | 0.98% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.49% |
| Foreclosure | 3.63% |
| REO | 1.49% |
| |
| Cumulative Net Loss | 0.19% |
| Loss Severity | 28.88% |
| |
| Prepayment Experience | |
| 1mo CPR | 26.84% |
| 3mo CPR | 29.74% |
| 6mo CPR | 31.09% |
| 9mo CPR | 35.40% |
| 12mo CPR | 34.57% |
| Life CPR | 31.34% |
|