| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-HE3 |
| Closing Date | 5/27/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 8.14% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.91% |
| 60+ Days | 4.27% |
| 90+ Days | 2.22% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.33% |
| Foreclosure | 8.12% |
| REO | 1.77% |
| |
| Cumulative Net Loss | 2.78% |
| Loss Severity | 88.87% |
| |
| Prepayment Experience | |
| 1mo CPR | 10.48% |
| 3mo CPR | 8.61% |
| 6mo CPR | 7.34% |
| 9mo CPR | 7.51% |
| 12mo CPR | 7.69% |
| Life CPR | 26.93% |
|