| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-OP1 |
| Closing Date | 12/2/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 9.95% |
| |
| Delinquency Status (*) | |
| 30+ Days | 11.60% |
| 60+ Days | 6.12% |
| 90+ Days | 4.40% |
| 120+ Days | 3.44% |
| |
| Bankruptcy | 3.26% |
| Foreclosure | 11.08% |
| REO | 1.41% |
| |
| Cumulative Net Loss | 2.76% |
| Loss Severity | 42.04% |
| |
| Prepayment Experience | |
| 1mo CPR | 7.76% |
| 3mo CPR | 6.53% |
| 6mo CPR | 6.33% |
| 9mo CPR | 6.90% |
| 12mo CPR | 6.56% |
| Life CPR | 26.61% |
|