| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 12/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 17.83% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.94% |
| 60+ Days | 1.58% |
| 90+ Days | 0.94% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.59% |
| Foreclosure | 3.03% |
| REO | 2.13% |
| |
| Cumulative Net Loss | 0.70% |
| Loss Severity | 52.59% |
| |
| Prepayment Experience | |
| 1mo CPR | 30.31% |
| 3mo CPR | 36.11% |
| 6mo CPR | 37.50% |
| 9mo CPR | 39.68% |
| 12mo CPR | 41.57% |
| Life CPR | 44.01% |
|