| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 29.01% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.79% |
| 60+ Days | 1.47% |
| 90+ Days | 0.92% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.72% |
| Foreclosure | 3.07% |
| REO | 1.55% |
| |
| Cumulative Net Loss | 0.29% |
| Loss Severity | 36.93% |
| |
| Prepayment Experience | |
| 1mo CPR | 51.86% |
| 3mo CPR | 62.83% |
| 6mo CPR | 59.27% |
| 9mo CPR | 53.78% |
| 12mo CPR | 51.04% |
| Life CPR | 45.51% |
|