| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 8/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 15.96% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.81% |
| 60+ Days | 4.39% |
| 90+ Days | 2.53% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.56% |
| Foreclosure | 10.96% |
| REO | 8.06% |
| |
| Cumulative Net Loss | 3.71% |
| Loss Severity | 62.20% |
| |
| Prepayment Experience | |
| 1mo CPR | 29.41% |
| 3mo CPR | 26.66% |
| 6mo CPR | 28.74% |
| 9mo CPR | 30.07% |
| 12mo CPR | 32.97% |
| Life CPR | 39.64% |
|