| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 7/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 21.69% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.47% |
| 60+ Days | 1.77% |
| 90+ Days | 1.12% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.44% |
| Foreclosure | 2.79% |
| REO | 2.11% |
| |
| Cumulative Net Loss | 0.49% |
| Loss Severity | 50.51% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.22% |
| 3mo CPR | 44.31% |
| 6mo CPR | 43.41% |
| 9mo CPR | 50.86% |
| 12mo CPR | 52.02% |
| Life CPR | 45.08% |
|