| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 8/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 24.03% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.58% |
| 60+ Days | 3.36% |
| 90+ Days | 1.48% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.34% |
| Foreclosure | 9.57% |
| REO | 7.44% |
| |
| Cumulative Net Loss | 1.55% |
| Loss Severity | 49.84% |
| |
| Prepayment Experience | |
| 1mo CPR | 33.20% |
| 3mo CPR | 31.08% |
| 6mo CPR | 34.28% |
| 9mo CPR | 44.38% |
| 12mo CPR | 54.32% |
| Life CPR | 42.00% |
|