| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 2/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 29.75% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.73% |
| 60+ Days | 3.46% |
| 90+ Days | 1.62% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.97% |
| Foreclosure | 6.55% |
| REO | 4.94% |
| |
| Cumulative Net Loss | 0.85% |
| Loss Severity | 45.66% |
| |
| Prepayment Experience | |
| 1mo CPR | 48.47% |
| 3mo CPR | 60.13% |
| 6mo CPR | 68.31% |
| 9mo CPR | 60.49% |
| 12mo CPR | 54.41% |
| Life CPR | 43.69% |
|