| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-HE7 |
| Closing Date | 9/8/2004 |
| Collateral Factor Date | 11/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 52.62% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.07% |
| 60+ Days | 1.90% |
| 90+ Days | 0.90% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.00% |
| Foreclosure | 2.33% |
| REO | 0.79% |
| |
| Cumulative Net Loss | 0.09% |
| Loss Severity | 39.57% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.31% |
| 3mo CPR | 49.81% |
| 6mo CPR | 49.63% |
| 9mo CPR | 46.73% |
| 12mo CPR | 43.78% |
| Life CPR | 39.52% |
|