| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 59.98% |
| |
| Delinquency Status (*) | |
| 30+ Days | 0.91% |
| 60+ Days | 0.37% |
| 90+ Days | 0.21% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.25% |
| Foreclosure | 2.02% |
| REO | 0.55% |
| |
| Cumulative Net Loss | 0.03% |
| Loss Severity | 22.99% |
| |
| Prepayment Experience | |
| 1mo CPR | 47.95% |
| 3mo CPR | 51.25% |
| 6mo CPR | 49.01% |
| 9mo CPR | 44.68% |
| 12mo CPR | 39.35% |
| Life CPR | 39.35% |
|