| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 5/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 23.79% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.64% |
| 60+ Days | 1.64% |
| 90+ Days | 1.27% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.80% |
| Foreclosure | 2.28% |
| REO | 2.20% |
| |
| Cumulative Net Loss | 0.43% |
| Loss Severity | 44.88% |
| |
| Prepayment Experience | |
| 1mo CPR | 48.87% |
| 3mo CPR | 44.01% |
| 6mo CPR | 49.44% |
| 9mo CPR | 55.43% |
| 12mo CPR | 51.90% |
| Life CPR | 45.34% |
|