| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 1/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 19.66% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.31% |
| 60+ Days | 3.52% |
| 90+ Days | 1.30% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.44% |
| Foreclosure | 12.48% |
| REO | 9.80% |
| |
| Cumulative Net Loss | 2.18% |
| Loss Severity | 43.54% |
| |
| Prepayment Experience | |
| 1mo CPR | 26.50% |
| 3mo CPR | 36.02% |
| 6mo CPR | 37.02% |
| 9mo CPR | 35.77% |
| 12mo CPR | 37.09% |
| Life CPR | 41.44% |
|