| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 11/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 37.51% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.96% |
| 60+ Days | 2.16% |
| 90+ Days | 1.35% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.44% |
| Foreclosure | 5.13% |
| REO | 3.98% |
| |
| Cumulative Net Loss | 0.53% |
| Loss Severity | 33.90% |
| |
| Prepayment Experience | |
| 1mo CPR | 81.31% |
| 3mo CPR | 74.87% |
| 6mo CPR | 60.63% |
| 9mo CPR | 52.29% |
| 12mo CPR | 47.87% |
| Life CPR | 40.98% |
|