| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 9/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 23.07% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.86% |
| 60+ Days | 2.98% |
| 90+ Days | 1.47% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.60% |
| Foreclosure | 9.48% |
| REO | 8.27% |
| |
| Cumulative Net Loss | 1.71% |
| Loss Severity | 55.32% |
| |
| Prepayment Experience | |
| 1mo CPR | 38.24% |
| 3mo CPR | 32.52% |
| 6mo CPR | 34.30% |
| 9mo CPR | 39.07% |
| 12mo CPR | 51.74% |
| Life CPR | 41.89% |
|