| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 11/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 14.77% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.05% |
| 60+ Days | 5.23% |
| 90+ Days | 4.20% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 6.14% |
| Foreclosure | 8.86% |
| REO | 6.30% |
| |
| Cumulative Net Loss | 4.32% |
| Loss Severity | 56.07% |
| |
| Prepayment Experience | |
| 1mo CPR | 25.95% |
| 3mo CPR | 26.03% |
| 6mo CPR | 26.34% |
| 9mo CPR | 27.82% |
| 12mo CPR | 29.08% |
| Life CPR | 38.85% |
|