| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 9/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 15.49% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.71% |
| 60+ Days | 3.76% |
| 90+ Days | 2.54% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.51% |
| Foreclosure | 11.01% |
| REO | 7.80% |
| |
| Cumulative Net Loss | 3.91% |
| Loss Severity | 62.30% |
| |
| Prepayment Experience | |
| 1mo CPR | 29.93% |
| 3mo CPR | 29.23% |
| 6mo CPR | 29.21% |
| 9mo CPR | 29.10% |
| 12mo CPR | 32.26% |
| Life CPR | 39.44% |
|