| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 17.16% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.12% |
| 60+ Days | 1.68% |
| 90+ Days | 0.96% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.09% |
| Foreclosure | 2.66% |
| REO | 2.23% |
| |
| Cumulative Net Loss | 0.73% |
| Loss Severity | 52.10% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.80% |
| 3mo CPR | 36.25% |
| 6mo CPR | 36.59% |
| 9mo CPR | 39.34% |
| 12mo CPR | 40.15% |
| Life CPR | 43.81% |
|