| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 12/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 13.64% |
| |
| Delinquency Status (*) | |
| 30+ Days | 10.63% |
| 60+ Days | 3.92% |
| 90+ Days | 2.04% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.42% |
| Foreclosure | 3.21% |
| REO | 2.45% |
| |
| Cumulative Net Loss | 1.00% |
| Loss Severity | 58.80% |
| |
| Prepayment Experience | |
| 1mo CPR | 14.59% |
| 3mo CPR | 14.53% |
| 6mo CPR | 16.99% |
| 9mo CPR | 18.74% |
| 12mo CPR | 22.38% |
| Life CPR | 39.22% |
|