| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 6/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 15.10% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.67% |
| 60+ Days | 1.37% |
| 90+ Days | 0.86% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.75% |
| Foreclosure | 2.37% |
| REO | 2.36% |
| |
| Cumulative Net Loss | 0.87% |
| Loss Severity | 61.17% |
| |
| Prepayment Experience | |
| 1mo CPR | 14.88% |
| 3mo CPR | 22.01% |
| 6mo CPR | 27.28% |
| 9mo CPR | 30.42% |
| 12mo CPR | 32.68% |
| Life CPR | 41.87% |
|