| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-HE7 |
| Closing Date | 9/8/2004 |
| Collateral Factor Date | 6/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 34.54% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.62% |
| 60+ Days | 3.39% |
| 90+ Days | 1.51% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.89% |
| Foreclosure | 3.33% |
| REO | 2.01% |
| |
| Cumulative Net Loss | 0.27% |
| Loss Severity | 42.69% |
| |
| Prepayment Experience | |
| 1mo CPR | 75.14% |
| 3mo CPR | 62.06% |
| 6mo CPR | 52.32% |
| 9mo CPR | 50.12% |
| 12mo CPR | 50.79% |
| Life CPR | 43.39% |
|