| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 7/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 24.87% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.10% |
| 60+ Days | 3.14% |
| 90+ Days | 1.60% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.59% |
| Foreclosure | 8.19% |
| REO | 7.21% |
| |
| Cumulative Net Loss | 1.40% |
| Loss Severity | 36.77% |
| |
| Prepayment Experience | |
| 1mo CPR | 25.48% |
| 3mo CPR | 33.14% |
| 6mo CPR | 37.08% |
| 9mo CPR | 51.73% |
| 12mo CPR | 55.32% |
| Life CPR | 42.27% |
|