| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 11/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 21.02% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.75% |
| 60+ Days | 3.07% |
| 90+ Days | 1.28% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.19% |
| Foreclosure | 9.38% |
| REO | 9.25% |
| |
| Cumulative Net Loss | 1.94% |
| Loss Severity | 44.89% |
| |
| Prepayment Experience | |
| 1mo CPR | 42.43% |
| 3mo CPR | 40.97% |
| 6mo CPR | 36.25% |
| 9mo CPR | 36.62% |
| 12mo CPR | 43.57% |
| Life CPR | 41.92% |
|