| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 7/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 56.02% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.81% |
| 60+ Days | 0.97% |
| 90+ Days | 0.54% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.40% |
| Foreclosure | 4.59% |
| REO | 1.86% |
| |
| Cumulative Net Loss | 0.25% |
| Loss Severity | 15.45% |
| |
| Prepayment Experience | |
| 1mo CPR | 33.40% |
| 3mo CPR | 30.93% |
| 6mo CPR | 30.34% |
| 9mo CPR | 33.25% |
| 12mo CPR | 34.87% |
| Life CPR | 31.51% |
|