| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 12/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 63.40% |
| |
| Delinquency Status (*) | |
| 30+ Days | 1.08% |
| 60+ Days | 0.39% |
| 90+ Days | 0.22% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.08% |
| Foreclosure | 1.53% |
| REO | 0.34% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 6.01% |
| |
| Prepayment Experience | |
| 1mo CPR | 51.84% |
| 3mo CPR | 52.43% |
| 6mo CPR | 47.19% |
| 9mo CPR | 42.70% |
| Life CPR | 38.50% |
|