| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-HE1 |
| Closing Date | 2/26/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 7.50% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.46% |
| 60+ Days | 6.14% |
| 90+ Days | 5.16% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.33% |
| Foreclosure | 17.11% |
| REO | 1.49% |
| |
| Cumulative Net Loss | 2.21% |
| Loss Severity | 94.08% |
| |
| Prepayment Experience | |
| 1mo CPR | 12.40% |
| 3mo CPR | 8.77% |
| 6mo CPR | 7.90% |
| 9mo CPR | 7.01% |
| 12mo CPR | 7.36% |
| Life CPR | 26.92% |
|