| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 9/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 20.02% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.83% |
| 60+ Days | 1.40% |
| 90+ Days | 1.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.48% |
| Foreclosure | 2.91% |
| REO | 2.02% |
| |
| Cumulative Net Loss | 0.56% |
| Loss Severity | 43.92% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.73% |
| 3mo CPR | 38.76% |
| 6mo CPR | 41.34% |
| 9mo CPR | 43.22% |
| 12mo CPR | 51.38% |
| Life CPR | 44.68% |
|