| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 1/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 31.44% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.76% |
| 60+ Days | 3.37% |
| 90+ Days | 1.47% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.80% |
| Foreclosure | 6.48% |
| REO | 4.66% |
| |
| Cumulative Net Loss | 0.74% |
| Loss Severity | 51.16% |
| |
| Prepayment Experience | |
| 1mo CPR | 54.59% |
| 3mo CPR | 71.64% |
| 6mo CPR | 68.32% |
| 9mo CPR | 58.96% |
| 12mo CPR | 53.08% |
| Life CPR | 43.50% |
|