| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 3/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 16.13% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.66% |
| 60+ Days | 1.95% |
| 90+ Days | 1.22% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.91% |
| Foreclosure | 2.93% |
| REO | 1.87% |
| |
| Cumulative Net Loss | 0.81% |
| Loss Severity | 60.39% |
| |
| Prepayment Experience | |
| 1mo CPR | 17.27% |
| 3mo CPR | 32.11% |
| 6mo CPR | 34.22% |
| 9mo CPR | 35.84% |
| 12mo CPR | 37.96% |
| Life CPR | 43.18% |
|