| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 5/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 17.30% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.74% |
| 60+ Days | 4.16% |
| 90+ Days | 2.31% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.29% |
| Foreclosure | 13.02% |
| REO | 9.02% |
| |
| Cumulative Net Loss | 3.05% |
| Loss Severity | 69.94% |
| |
| Prepayment Experience | |
| 1mo CPR | 28.88% |
| 3mo CPR | 30.76% |
| 6mo CPR | 31.71% |
| 9mo CPR | 34.95% |
| 12mo CPR | 34.02% |
| Life CPR | 40.50% |
|