| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-SD3 |
| Closing Date | 9/30/2004 |
| Collateral Factor Date | 3/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 38.84% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.17% |
| 60+ Days | 2.17% |
| 90+ Days | 1.06% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.83% |
| Foreclosure | 2.38% |
| REO | 1.30% |
| |
| Cumulative Net Loss | 0.78% |
| Loss Severity | 27.87% |
| |
| Prepayment Experience | |
| 1mo CPR | 31.51% |
| 3mo CPR | 27.69% |
| 6mo CPR | 25.32% |
| 9mo CPR | 25.30% |
| 12mo CPR | 25.79% |
| Life CPR | 30.54% |
|