| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 3/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 18.50% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.34% |
| 60+ Days | 3.83% |
| 90+ Days | 2.25% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.13% |
| Foreclosure | 12.48% |
| REO | 10.14% |
| |
| Cumulative Net Loss | 2.50% |
| Loss Severity | 52.63% |
| |
| Prepayment Experience | |
| 1mo CPR | 27.09% |
| 3mo CPR | 28.90% |
| 6mo CPR | 35.19% |
| 9mo CPR | 34.33% |
| 12mo CPR | 34.77% |
| Life CPR | 40.90% |
|