| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 10/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 37.27% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.63% |
| 60+ Days | 0.84% |
| 90+ Days | 0.50% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.80% |
| Foreclosure | 2.68% |
| REO | 1.34% |
| |
| Cumulative Net Loss | 0.19% |
| Loss Severity | 37.26% |
| |
| Prepayment Experience | |
| 1mo CPR | 73.17% |
| 3mo CPR | 55.37% |
| 6mo CPR | 48.46% |
| 9mo CPR | 46.32% |
| 12mo CPR | 47.60% |
| Life CPR | 42.45% |
|