| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 9/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 41.63% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.21% |
| 60+ Days | 0.94% |
| 90+ Days | 0.45% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.56% |
| Foreclosure | 2.35% |
| REO | 1.18% |
| |
| Cumulative Net Loss | 0.16% |
| Loss Severity | 25.31% |
| |
| Prepayment Experience | |
| 1mo CPR | 47.87% |
| 3mo CPR | 41.39% |
| 6mo CPR | 41.69% |
| 9mo CPR | 42.23% |
| 12mo CPR | 44.97% |
| Life CPR | 40.21% |
|