| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 4/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 17.81% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.78% |
| 60+ Days | 4.56% |
| 90+ Days | 2.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.37% |
| Foreclosure | 12.52% |
| REO | 9.20% |
| |
| Cumulative Net Loss | 2.79% |
| Loss Severity | 55.96% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.99% |
| 3mo CPR | 32.09% |
| 6mo CPR | 34.08% |
| 9mo CPR | 35.41% |
| 12mo CPR | 34.87% |
| Life CPR | 40.77% |
|