| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 5/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 50.06% |
| |
| Delinquency Status (*) | |
| 30+ Days | 0.76% |
| 60+ Days | 0.30% |
| 90+ Days | 0.24% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.92% |
| Foreclosure | 2.71% |
| REO | 0.99% |
| |
| Cumulative Net Loss | 0.05% |
| Loss Severity | 10.70% |
| |
| Prepayment Experience | |
| 1mo CPR | 39.26% |
| 3mo CPR | 41.49% |
| 6mo CPR | 44.25% |
| 9mo CPR | 46.38% |
| 12mo CPR | 44.58% |
| Life CPR | 39.81% |
|