| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 12/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 30.86% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.88% |
| 60+ Days | 1.38% |
| 90+ Days | 0.63% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.86% |
| Foreclosure | 2.79% |
| REO | 1.58% |
| |
| Cumulative Net Loss | 0.26% |
| Loss Severity | 40.83% |
| |
| Prepayment Experience | |
| 1mo CPR | 64.35% |
| 3mo CPR | 69.41% |
| 6mo CPR | 57.66% |
| 9mo CPR | 52.97% |
| 12mo CPR | 50.72% |
| Life CPR | 45.22% |
|