| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 9/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.25% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.21% |
| 60+ Days | 1.55% |
| 90+ Days | 1.08% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.59% |
| Foreclosure | 3.33% |
| REO | 2.76% |
| |
| Cumulative Net Loss | 0.92% |
| Loss Severity | 68.91% |
| |
| Prepayment Experience | |
| 1mo CPR | 18.18% |
| 3mo CPR | 19.36% |
| 6mo CPR | 20.73% |
| 9mo CPR | 24.78% |
| 12mo CPR | 27.86% |
| Life CPR | 40.59% |
|