| DEAL NAME | Morgan Stanley Home Equity Loan Trust 2005-1 |
| Closing Date | 1/28/2005 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 9.53% |
| |
| Delinquency Status (*) | |
| 30+ Days | 12.06% |
| 60+ Days | 6.61% |
| 90+ Days | 4.86% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.84% |
| Foreclosure | 11.11% |
| REO | 3.47% |
| |
| Cumulative Net Loss | 7.12% |
| Loss Severity | 92.72% |
| |
| Prepayment Experience | |
| 1mo CPR | 9.41% |
| 3mo CPR | 11.21% |
| 6mo CPR | 8.63% |
| 9mo CPR | 8.75% |
| 12mo CPR | 8.84% |
| Life CPR | 27.78% |
|