| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 4/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 27.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.22% |
| 60+ Days | 2.20% |
| 90+ Days | 1.04% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.33% |
| Foreclosure | 8.54% |
| REO | 5.86% |
| |
| Cumulative Net Loss | 1.10% |
| Loss Severity | 41.25% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.56% |
| 3mo CPR | 40.72% |
| 6mo CPR | 58.97% |
| 9mo CPR | 60.93% |
| 12mo CPR | 54.98% |
| Life CPR | 43.19% |
|