| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 8/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 44.00% |
| |
| Delinquency Status (*) | |
| 30+ Days | 1.18% |
| 60+ Days | 0.40% |
| 90+ Days | 0.28% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.39% |
| Foreclosure | 2.36% |
| REO | 1.10% |
| |
| Cumulative Net Loss | 0.14% |
| Loss Severity | 35.99% |
| |
| Prepayment Experience | |
| 1mo CPR | 36.46% |
| 3mo CPR | 39.57% |
| 6mo CPR | 40.54% |
| 9mo CPR | 42.73% |
| 12mo CPR | 44.76% |
| Life CPR | 39.78% |
|