| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 6/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 25.51% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.17% |
| 60+ Days | 2.77% |
| 90+ Days | 1.20% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.96% |
| Foreclosure | 7.76% |
| REO | 6.50% |
| |
| Cumulative Net Loss | 1.32% |
| Loss Severity | 30.41% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.20% |
| 3mo CPR | 35.98% |
| 6mo CPR | 42.07% |
| 9mo CPR | 56.81% |
| 12mo CPR | 55.74% |
| Life CPR | 42.77% |
|