| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 4/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 15.71% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.38% |
| 60+ Days | 1.84% |
| 90+ Days | 1.08% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.88% |
| Foreclosure | 2.80% |
| REO | 1.88% |
| |
| Cumulative Net Loss | 0.83% |
| Loss Severity | 33.94% |
| |
| Prepayment Experience | |
| 1mo CPR | 25.88% |
| 3mo CPR | 28.77% |
| 6mo CPR | 32.70% |
| 9mo CPR | 34.17% |
| 12mo CPR | 36.93% |
| Life CPR | 42.80% |
|