| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-HE7 |
| Closing Date | 9/8/2004 |
| Collateral Factor Date | 5/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 18.52% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.69% |
| 60+ Days | 2.50% |
| 90+ Days | 1.49% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.82% |
| Foreclosure | 5.74% |
| REO | 6.17% |
| |
| Cumulative Net Loss | 0.76% |
| Loss Severity | 47.37% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.34% |
| 3mo CPR | 35.65% |
| 6mo CPR | 38.44% |
| 9mo CPR | 43.43% |
| 12mo CPR | 51.84% |
| Life CPR | 45.29% |
|