| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 5/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 15.32% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.02% |
| 60+ Days | 1.54% |
| 90+ Days | 1.22% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.81% |
| Foreclosure | 2.29% |
| REO | 1.99% |
| |
| Cumulative Net Loss | 0.85% |
| Loss Severity | 58.50% |
| |
| Prepayment Experience | |
| 1mo CPR | 24.67% |
| 3mo CPR | 22.73% |
| 6mo CPR | 29.66% |
| 9mo CPR | 32.56% |
| 12mo CPR | 34.83% |
| Life CPR | 42.41% |
|