| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 8/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 80.60% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.24% |
| 60+ Days | 0.42% |
| 90+ Days | 0.07% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.54% |
| Foreclosure | 1.63% |
| REO | 0.05% |
| |
| Cumulative Net Loss | 0.00% |
| Loss Severity | 0.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 42.48% |
| 3mo CPR | 38.79% |
| 6mo CPR | 32.59% |
| Life CPR | NA |
|