| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 2/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 16.41% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.80% |
| 60+ Days | 1.69% |
| 90+ Days | 1.02% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.06% |
| Foreclosure | 2.94% |
| REO | 1.78% |
| |
| Cumulative Net Loss | 0.78% |
| Loss Severity | 37.51% |
| |
| Prepayment Experience | |
| 1mo CPR | 40.92% |
| 3mo CPR | 35.88% |
| 6mo CPR | 36.93% |
| 9mo CPR | 38.37% |
| 12mo CPR | 39.85% |
| Life CPR | 43.74% |
|