| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 7/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.81% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.29% |
| 60+ Days | 1.44% |
| 90+ Days | 1.00% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.70% |
| Foreclosure | 2.33% |
| REO | 2.62% |
| |
| Cumulative Net Loss | 0.89% |
| Loss Severity | 79.29% |
| |
| Prepayment Experience | |
| 1mo CPR | 19.38% |
| 3mo CPR | 19.78% |
| 6mo CPR | 24.45% |
| 9mo CPR | 28.68% |
| 12mo CPR | 30.87% |
| Life CPR | 41.43% |
|