8-K 1 msm052ar_10508.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2005 MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-2AR Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104283-27 54-2169475 Pooling and Servicing Agreement) (Commission 54-2169476 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2AR Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-2AR Trust, relating to the August 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-2AR Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-2AR Trust, relating to the August 25, 2005 distribution. EX-99.1

Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 57/3129/2005 Distribution Date: 68/2725/2005 Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2005-2AR Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A 61745M4E0 SEN 3.~~35000~~72000% ~~553~~528,~~420~~333,~~408~~316.0830 1,~~544~~637,~~965~~833.3128 X 61745M4F7 SEN 1.~~90961~~59764% 0.00 ~~945~~757,~~161~~314.4869 AR 61745M4K6 SEN 5.~~28780~~32665% 0.00 0.00 B1 61745M4G5 SUB 3.~~59000~~96000% 28,~~396~~375,~~026~~285.2322 8493,~~951~~638.4544 B2 61745M4H3 SUB 34.~~89000~~26000% 7,~~656~~651,~~614~~021.3479 2427,~~820~~161.1913 B3 61745M4J9 SUB 4.~~59000~~96000% 4,~~466~~463,~~858~~595.0133 1718,~~085~~449.7353 B4 61745M4A8 SUB 5.~~28737~~34661% 4,~~466~~463,~~858~~595.0133 19,~~681~~887.6259 B5 61745M4B6 SUB 5.~~28737~~34661% 3,~~509~~506,~~531~~967.4096 15,~~463~~625.5033 B6 61745M4C4 SUB 5.~~28737~~34661% 2,~~233~~232,~~978~~346.4470 9,~~843~~946.2324 P 61745M4D2 SEN 0.00000% 0.00 2319,~~249~~854.8019 R1 MSM52ARR1 SEN 0.00000% 0.00 0.00 Totals ~~604~~579,~~150~~026,~~274~~128.5163 2,~~685~~599,~~222~~710.3142

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A 919,~~950~~260,~~183~~394.9641 0.00 ~~543~~509,~~470~~072,~~224~~921.1288 1120,~~495~~898,~~149~~227.2769 0.00 X 0.00 0.00 0.00 ~~945~~757,~~161~~314.4869 0.00 AR 0.00 0.00 0.00 0.00 0.00 B1 10,~~285~~621.7465 0.00 28,~~385~~364,~~740~~663.5056 95104,~~237~~260.1909 0.00 B2 2,~~773~~863.4199 0.00 7,~~653~~648,~~840~~157.9281 2730,~~593~~025.6012 0.00 B3 1,~~618~~670.0185 0.00 4,~~465~~461,~~240~~924.0148 1820,~~703~~120.7438 0.00 B4 1,~~618~~670.0185 0.00 4,~~465~~461,~~240~~924.0148 21,~~299~~558.6344 0.00 B5 1,~~271~~312.2475 0.00 3,~~508~~505,~~260~~655.1621 16,~~734~~938.7408 0.00 B6 ~~809~~835.2063 0.00 2,~~233~~231,~~169~~511.2407 10,~~652~~781.4387 0.00 P 0.00 0.00 0.00 2319,~~249~~854.8019 0.00 R1 0.00 0.00 0.00 0.00 0.00 Totals 919,~~968~~279,~~559~~370.5713 0.00 ~~594~~559,~~181~~746,~~714~~758.9649 1221,~~653~~879,~~781~~080.8855 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 587,781,900.00 ~~553~~528,~~420~~333,~~408~~316.0830 ~~200~~197,~~462~~769.4672 919,~~749~~062,~~721~~624.5069 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 B1 28,416,000.00 28,~~396~~375,~~026~~285.2322 10,~~285~~621.7465 0.00 0.00 0.00 B2 7,662,000.00 7,~~656~~651,~~614~~021.3479 2,~~773~~863.4199 0.00 0.00 0.00 B3 4,470,000.00 4,~~466~~463,~~858~~595.0133 1,~~618~~670.0185 0.00 0.00 0.00 B4 4,470,000.00 4,~~466~~463,~~858~~595.0133 1,~~618~~670.0185 0.00 0.00 0.00 B5 3,512,000.00 3,~~509~~506,~~531~~967.4096 1,~~271~~312.2475 0.00 0.00 0.00 B6 2,235,549.82 2,~~233~~232,~~978~~346.4470 ~~809~~835.2063 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 638,547,549.82 ~~604~~579,~~150~~026,~~274~~128.5163 ~~218~~216,~~838~~745.0744 919,~~749~~062,~~721~~624.5069 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 919,~~950~~260,~~183~~394.9641 ~~543~~509,~~470~~072,~~224~~921.1288 0.~~92461204~~86609152 919,~~950~~260,~~183~~394.9641 X 0.00 0.00 0.00000000 0.00 AR 0.00 0.00 0.00000000 0.00 B1 10,~~285~~621.7465 28,~~385~~364,~~740~~663.5056 0.~~99893512~~99819340 10,~~285~~621.7465 B2 2,~~773~~863.4199 7,~~653~~648,~~840~~157.9281 0.~~99893512~~99819340 2,~~773~~863.4199 B3 1,~~618~~670.0185 4,~~465~~461,~~240~~924.0148 0.~~99893513~~99819340 1,~~618~~670.0185 B4 1,~~618~~670.0185 4,~~465~~461,~~240~~924.0148 0.~~99893513~~99819340 1,~~618~~670.0185 B5 1,~~271~~312.2475 3,~~508~~505,~~260~~655.1621 0.~~99893513~~99819340 1,~~271~~312.2475 B6 ~~809~~835.2063 2,~~233~~231,~~169~~511.2407 0.~~99893513~~99819340 ~~809~~835.2063 P 0.00 0.00 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 Totals 919,~~968~~279,~~559~~370.5713 ~~594~~559,~~181~~746,~~714~~758.9649 0.~~93052070~~87659370 919,~~968~~279,~~559~~370.5713

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 587,781,900.00 ~~941~~898.~~54040483~~85945161 0.~~34104905~~33646786 1632.~~58731155~~43145917 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 28,416,000.00 ~~999~~998.~~29709424~~56718820 0.~~36197002~~37379117 0.00000000 0.00000000 B2 7,662,000.00 ~~999~~998.~~29709475~~56718742 0.~~36196946~~37379144 0.00000000 0.00000000 B3 4,470,000.00 ~~999~~998.~~29709396~~56718792 0.~~36197092~~37379195 0.00000000 0.00000000 B4 4,470,000.00 ~~999~~998.~~29709396~~56718792 0.~~36197092~~37379195 0.00000000 0.00000000 B5 3,512,000.00 ~~999~~998.~~29709567~~56718679 0.~~36197039~~37378986 0.00000000 0.00000000 B6 2,235,549.82 ~~999~~998.~~29709462~~56718917 0.~~36196912~~37379171 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 1632.~~92836060~~76792703 ~~924~~866.~~61204423~~09152456 0.~~92461204~~86609152 1632.~~92836060~~76792703 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~36197002~~37379117 998.~~93512458~~19339668 0.~~99893512~~99819340 0.~~36197002~~37379117 B2 0.00000000 0.~~36196946~~37379144 998.~~93512399~~19339729 0.~~99893512~~99819340 0.~~36196946~~37379144 B3 0.00000000 0.~~36197092~~37379195 998.~~93512528~~19339597 0.~~99893513~~99819340 0.~~36197092~~37379195 B4 0.00000000 0.~~36197092~~37379195 998.~~93512528~~19339597 0.~~99893513~~99819340 0.~~36197092~~37379195 B5 0.00000000 0.~~36197039~~37378986 998.~~93512528~~19339692 0.~~99893513~~99819340 0.~~36197039~~37378986 B6 0.00000000 0.~~36196912~~37379171 998.~~93512550~~19339745 0.~~99893513~~99819340 0.~~36196912~~37379171 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 587,781,900.00 3.~~35000~~72000% ~~553~~528,~~420~~333,~~408~~316.0830 1,~~544~~637,~~965~~833.3128 0.00 0.00 X 0.00 1.~~90961~~59764% ~~593~~568,~~939~~823,~~906~~218.6664 ~~945~~757,~~161~~314.4869 0.00 0.00 AR 100.00 5.~~28780~~32665% 0.00 0.00 0.00 0.00 B1 28,416,000.00 3.~~59000~~96000% 28,~~396~~375,~~026~~285.2322 8493,~~951~~638.4544 0.00 0.00 B2 7,662,000.00 34.~~89000~~26000% 7,~~656~~651,~~614~~021.3479 2427,~~820~~161.1913 0.00 0.00 B3 4,470,000.00 4.~~59000~~96000% 4,~~466~~463,~~858~~595.0133 1718,~~085~~449.7353 0.00 0.00 B4 4,470,000.00 5.~~28737~~34661% 4,~~466~~463,~~858~~595.0133 19,~~681~~887.6259 0.00 0.00 B5 3,512,000.00 5.~~28737~~34661% 3,~~509~~506,~~531~~967.4096 15,~~463~~625.5033 0.00 0.00 B6 2,235,549.82 5.~~28737~~34661% 2,~~233~~232,~~978~~346.4470 9,~~843~~946.2324 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 638,547,549.82 2,~~661~~579,~~972~~856.5123 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 1,~~544~~637,~~965~~833.3128 0.00 ~~543~~509,~~470~~072,~~224~~921.1288 X 0.00 0.00 ~~945~~757,~~161~~314.4869 0.00 ~~583~~549,~~975~~547,~~045~~667.5574 AR 0.00 0.00 0.00 0.00 0.00 B1 0.00 0.00 8493,~~951~~638.4544 0.00 28,~~385~~364,~~740~~663.5056 B2 0.00 0.00 2427,~~820~~161.1913 0.00 7,~~653~~648,~~840~~157.9281 B3 0.00 0.00 1718,~~085~~449.7353 0.00 4,~~465~~461,~~240~~924.0148 B4 0.00 0.00 19,~~681~~887.6259 0.00 4,~~465~~461,~~240~~924.0148 B5 0.00 0.00 15,~~463~~625.5033 0.00 3,~~508~~505,~~260~~655.1621 B6 0.00 0.00 9,~~843~~946.2324 0.00 2,~~233~~231,~~169~~511.2407 P 0.00 0.00 2319,~~249~~854.8019 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~685~~599,~~222~~710.3142 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 587,781,900.00 3.~~35000~~72000% ~~941~~898.~~54040483~~85945161 2.~~62846697~~78646430 0.00000000 0.00000000 X 0.00 1.~~90961~~59764% ~~945~~905.~~26761604~~29388883 1.~~50424400~~20528195 0.00000000 0.00000000 AR 100.00 5.~~28780~~32665% 0.00000000 0.00000000 0.00000000 0.00000000 B1 28,416,000.00 3.~~59000~~96000% ~~999~~998.~~29709424~~56718820 23.~~98956398~~29527168 0.00000000 0.00000000 B2 7,662,000.00 34.~~89000~~26000% ~~999~~998.~~29709475~~56718742 3.~~23938789~~54491386 0.00000000 0.00000000 B3 4,470,000.00 4.~~59000~~96000% ~~999~~998.~~29709396~~56718792 34.~~82231096~~12741163 0.00000000 0.00000000 B4 4,470,000.00 5.~~28737~~34661% ~~999~~998.~~29709396~~56718792 4.~~40304698~~44912528 0.00000000 0.00000000 B5 3,512,000.00 5.~~28737~~34661% ~~999~~998.~~29709567~~56718679 4.~~40304670~~44912585 0.00000000 0.00000000 B6 2,235,549.82 5.~~28737~~34661% ~~999~~998.~~29709462~~56718917 4.~~40304658~~44912473 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 2.~~62846697~~78646430 0.00000000 ~~924~~866.~~61204423~~09152456 X 0.00000000 0.00000000 1.~~50424400~~20528195 0.00000000 ~~929~~874.~~40833398~~61645187 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.00000000 23.~~98956398~~29527168 0.00000000 998.~~93512458~~19339668 B2 0.00000000 0.00000000 3.~~23938789~~54491386 0.00000000 998.~~93512399~~19339729 B3 0.00000000 0.00000000 34.~~82231096~~12741163 0.00000000 998.~~93512528~~19339597 B4 0.00000000 0.00000000 4.~~40304698~~44912528 0.00000000 998.~~93512528~~19339597 B5 0.00000000 0.00000000 4.~~40304670~~44912585 0.00000000 998.~~93512528~~19339692 B6 0.00000000 0.00000000 4.~~40304658~~44912473 0.00000000 998.~~93512550~~19339745 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1222,~~748~~030,~~478~~250.9845 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4450,~~172~~372.4946 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 019,854.0019 Total Deposits 1222,~~792~~100,~~651~~477.4710 Withdrawals Reimbursement for Servicer Advances 088,364.0046 Payment of Service Fee ~~138~~133,~~869~~032.5909 Payment of Interest and Principal 1221,~~653~~879,~~781~~080.8855 Total Withdrawals (Pool Distribution Amount) 1222,~~792~~100,~~651~~477.4710 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~138~~133,~~869~~032.5909 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~138~~133,~~869~~032.5909

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1514 0 0 0 1514 8,~~888~~290,~~162~~508.0911 0.00 0.00 0.00 8,~~888~~290,~~162~~508.0911 60 Days 05 0 0 0 05 01,090,812.0075 0.00 0.00 0.00 01,090,812.0075 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1519 0 0 0 1519 89,~~888~~381,~~162~~320.0986 0.00 0.00 0.00 89,~~888~~381,~~162~~320.0986 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~040222~~021898% 0.000000% 0.000000% 0.000000% 1.~~040222~~021898% 1.~~495526~~480790% 0.000000% 0.000000% 0.000000% 1.~~495526~~480790% 60 Days 0.~~000000~~364964% 0.000000% 0.000000% 0.000000% 0.~~000000~~364964% 0.~~000000~~194833% 0.000000% 0.000000% 0.000000% 0.~~000000~~194833% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~040222~~386861% 0.000000% 0.000000% 0.000000% 1.~~040222~~386861% 1.~~495526~~675623% 0.000000% 0.000000% 0.000000% 1.~~495526~~675623%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 36 0 0 0 36 12,~~526~~533,~~620~~273.3678 0.00 0.00 0.00 12,~~526~~533,~~620~~273.3678 60 Days 03 0 0 0 03 0527,714.0019 0.00 0.00 0.00 0527,714.0019 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 39 0 0 0 39 13,~~526~~060,~~620~~987.3697 0.00 0.00 0.00 13,~~526~~060,~~620~~987.3697 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~060071~~230483% 0.000000% 0.000000% 0.000000% 12.~~060071~~230483% 1.~~123180~~987037% 0.000000% 0.000000% 0.000000% 1.~~123180~~987037% 60 Days 01.~~000000~~115242% 0.000000% 0.000000% 0.000000% 01.~~000000~~115242% 0.~~000000~~413926% 0.000000% 0.000000% 0.000000% 0.~~000000~~413926% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~060071~~345725% 0.000000% 0.000000% 0.000000% 13.~~060071~~345725% 12.~~123180~~400963% 0.000000% 0.000000% 0.000000% 12.~~123180~~400963% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 128 0 0 0 128 75,~~361~~757,~~541~~234.7333 0.00 0.00 0.00 75,~~361~~757,~~541~~234.7333 60 Days 02 0 0 0 02 0563,098.0056 0.00 0.00 0.00 0563,098.0056 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1210 0 0 0 1210 76,~~361~~320,~~541~~332.7389 0.00 0.00 0.00 76,~~361~~320,~~541~~332.7389 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~035375~~726612% 0.000000% 0.000000% 0.000000% 10.~~035375~~726612% 1.~~605930~~331520% 0.000000% 0.000000% 0.000000% 1.~~605930~~331520% 60 Days 0.~~000000~~181653% 0.000000% 0.000000% 0.000000% 0.~~000000~~181653% 0.~~000000~~130232% 0.000000% 0.000000% 0.000000% 0.~~000000~~130232% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~035375~~908265% 0.000000% 0.000000% 0.000000% 10.~~035375~~908265% 1.~~605930~~461752% 0.000000% 0.000000% 0.000000% 1.~~605930~~461752%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 050,372.0046

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 196,457.00 0.03076623% 196,457.00 0.~~03306345~~03509748% Fraud 19,156,426.00 2.99999992% 19,156,426.00 3.~~22400126~~42233800% Special Hazard 6,385,476.00 1.00000008% 6,385,476.00 1.~~07466720~~14077945% Limit of Subordinate's Exposure to Certain Types of Losses

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO ~~Mixed~~History* ~~Fixed~~New ~~Weighted~~REO ~~Average~~Loans ~~Gross~~Month ~~Coupon~~REO 5Percentage Loans in REO 0 Sep-04 0.~~563202~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Oct-04 0.~~287371~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Nov-~~Through~~04 ~~Rate~~0.000% 5Dec-04 0.~~287371~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Jan-05 ~~353~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~REO ~~Loan~~0 ~~Count~~Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1~~,464~~ ~~Number~~12 OfMonth REO History* New REO Loans ~~Paid~~Month InREO ~~Full~~Percentage 22Loans ~~Ending~~in ~~Scheduled~~REO ~~Collateral~~0 ~~Loan~~Sep-04 ~~Count~~0.000% ~~1,442~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Oct-04 0.000% Current Principal Balance ~~604,150,274~~0.5100 ~~Ending~~Nov-04 ~~Scheduled~~0.000% ~~Collateral~~Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance ~~594,181,714~~0.9500 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 31Apr-05 0.000% May-~~2005~~05 ~~594,316,936~~0.95000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~Jul-05 ~~3,019,679~~0.86000% ~~Special~~Aug-05 ~~Servicing~~0.000% ~~Fee~~*The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.00000% ~~Prepayment~~Original ~~Penalties~~Principal Balance 0.00 ~~Realized~~Oct-04 ~~Loss~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Cumulative~~Nov-04 ~~Realized~~0.000% ~~Loss~~Dec-04 0.00000% ~~Scheduled~~Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal ~~218,838~~Balance 0.0600 ~~Unscheduled~~Mar-05 0.000% Current Principal ~~9,749,721~~Balance 0.5000 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Miscellaneous~~REO ~~Reporting~~Loan ~~Senior~~Detail ~~Prepayment~~- ~~Percentage~~All ~~91.603105%~~Mortgage ~~Senior~~Loans ~~Prepayment~~in ~~Percentage~~REO ~~100.000000%~~during ~~Subordinate~~Current ~~Percentage~~Period ~~8.396895%~~Month ~~Subordinate~~Loan ~~Prepayment~~First ~~Percentage~~Original 0Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~000000%~~

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 1Mortgage 2Loans ~~Total~~in ~~Collateral~~REO ~~Description~~during ~~Mixed~~Current ~~Fixed~~Period ~~Mixed~~(continued) ~~Fixed~~Current ~~Mixed~~Paid ~~Fixed~~Current ~~Weighted~~Approximate ~~Average Coupon Rate 6.103858 5.405204 5.563202 Weighted Average Net Rate 5.852517 5.122216 5.287371 Weighted Average Maturity 312 354 353 Beginning~~ Loan ~~Count~~Principal ~~285~~To ~~1,179~~Months ~~1,464 Loans Paid In Full 2 20 22 Ending~~ Loan ~~Count~~Delinquent ~~283~~Group ~~1,159~~Number ~~1,442 Beginning Scheduled~~ Balance ~~136,626,551.33 467,523,723.18 604,150,274.51 Ending Scheduled Balance 135,811,555.09 458,370,159.86 594,181,714.95 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~No ~~873,937.27~~REO ~~2,145,742.59~~loans ~~3,019,679.86~~this ~~Scheduled Principal 178,979~~period.74 39,858.32 218,838.06 Unscheduled Principal 636,016.50 9,113,705.00 9,749,721.50 Scheduled Interest 694,957.53 2,105,884.27 2,800,841.80 Servicing Fees 28,616.55 110,253.04 138,869.59 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 666,340.98 1,995,631.23 2,661,972.21 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.852517 5.122216 5.287371

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · Morgan Stanley Mortgage Loan Trust 2005-2AR