| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 9/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 48.10% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.70% |
| 60+ Days | 1.55% |
| 90+ Days | 0.78% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.93% |
| Foreclosure | 3.97% |
| REO | 2.78% |
| |
| Cumulative Net Loss | 0.37% |
| Loss Severity | 22.42% |
| |
| Prepayment Experience | |
| 1mo CPR | 69.14% |
| 3mo CPR | 52.31% |
| 6mo CPR | 42.60% |
| 9mo CPR | 38.80% |
| 12mo CPR | 39.05% |
| Life CPR | 35.03% |
|