| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 12/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 33.60% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.52% |
| 60+ Days | 2.22% |
| 90+ Days | 1.17% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.79% |
| Foreclosure | 5.83% |
| REO | 4.64% |
| |
| Cumulative Net Loss | 0.61% |
| Loss Severity | 34.25% |
| |
| Prepayment Experience | |
| 1mo CPR | 73.04% |
| 3mo CPR | 76.05% |
| 6mo CPR | 66.23% |
| 9mo CPR | 57.15% |
| 12mo CPR | 51.64% |
| Life CPR | 42.96% |
|