| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 11/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 33.66% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.34% |
| 60+ Days | 0.98% |
| 90+ Days | 0.56% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.47% |
| Foreclosure | 2.72% |
| REO | 1.49% |
| |
| Cumulative Net Loss | 0.22% |
| Loss Severity | 46.34% |
| |
| Prepayment Experience | |
| 1mo CPR | 70.10% |
| 3mo CPR | 65.29% |
| 6mo CPR | 54.20% |
| 9mo CPR | 50.30% |
| 12mo CPR | 49.47% |
| Life CPR | 44.14% |
|