| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 2/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 19.00% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.98% |
| 60+ Days | 3.49% |
| 90+ Days | 1.57% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.88% |
| Foreclosure | 13.40% |
| REO | 9.91% |
| |
| Cumulative Net Loss | 2.31% |
| Loss Severity | 48.68% |
| |
| Prepayment Experience | |
| 1mo CPR | 33.04% |
| 3mo CPR | 32.72% |
| 6mo CPR | 36.98% |
| 9mo CPR | 35.10% |
| 12mo CPR | 35.67% |
| Life CPR | 41.24% |
|