| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 3/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 54.85% |
| |
| Delinquency Status (*) | |
| 30+ Days | 0.73% |
| 60+ Days | 0.22% |
| 90+ Days | 0.14% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.61% |
| Foreclosure | 3.05% |
| REO | 0.70% |
| |
| Cumulative Net Loss | 0.04% |
| Loss Severity | 5.25% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.37% |
| 3mo CPR | 43.27% |
| 6mo CPR | 48.06% |
| 9mo CPR | 45.92% |
| 12mo CPR | 42.85% |
| Life CPR | 39.56% |
|