| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 6/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 16.93% |
| |
| Delinquency Status (*) | |
| 30+ Days | 11.44% |
| 60+ Days | 7.46% |
| 90+ Days | 5.80% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.27% |
| Foreclosure | 10.54% |
| REO | 7.14% |
| |
| Cumulative Net Loss | 3.22% |
| Loss Severity | 51.85% |
| |
| Prepayment Experience | |
| 1mo CPR | 22.03% |
| 3mo CPR | 29.19% |
| 6mo CPR | 29.03% |
| 9mo CPR | 33.23% |
| 12mo CPR | 33.07% |
| Life CPR | 40.11% |
|