| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 10/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 15.15% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.12% |
| 60+ Days | 4.59% |
| 90+ Days | 3.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.25% |
| Foreclosure | 10.36% |
| REO | 7.41% |
| |
| Cumulative Net Loss | 4.10% |
| Loss Severity | 75.35% |
| |
| Prepayment Experience | |
| 1mo CPR | 22.02% |
| 3mo CPR | 27.20% |
| 6mo CPR | 26.84% |
| 9mo CPR | 28.63% |
| 12mo CPR | 30.56% |
| Life CPR | 39.10% |
|