| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 12/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 14.42% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.29% |
| 60+ Days | 4.62% |
| 90+ Days | 3.33% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 6.33% |
| Foreclosure | 9.20% |
| REO | 5.19% |
| |
| Cumulative Net Loss | 4.55% |
| Loss Severity | 72.17% |
| |
| Prepayment Experience | |
| 1mo CPR | 23.98% |
| 3mo CPR | 23.99% |
| 6mo CPR | 26.65% |
| 9mo CPR | 27.51% |
| 12mo CPR | 27.85% |
| Life CPR | 38.57% |
|