| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 11/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 18.40% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.00% |
| 60+ Days | 1.44% |
| 90+ Days | 0.90% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.66% |
| Foreclosure | 3.16% |
| REO | 2.20% |
| |
| Cumulative Net Loss | 0.65% |
| Loss Severity | 61.87% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.93% |
| 3mo CPR | 37.81% |
| 6mo CPR | 39.45% |
| 9mo CPR | 41.05% |
| 12mo CPR | 44.71% |
| Life CPR | 44.36% |
|