| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 10/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.08% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.72% |
| 60+ Days | 1.93% |
| 90+ Days | 1.38% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.81% |
| Foreclosure | 2.95% |
| REO | 2.93% |
| |
| Cumulative Net Loss | 0.94% |
| Loss Severity | 88.12% |
| |
| Prepayment Experience | |
| 1mo CPR | 11.68% |
| 3mo CPR | 16.88% |
| 6mo CPR | 18.37% |
| 9mo CPR | 22.05% |
| 12mo CPR | 25.95% |
| Life CPR | 40.07% |
|