| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 13.44% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.18% |
| 60+ Days | 2.15% |
| 90+ Days | 1.58% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.37% |
| Foreclosure | 2.85% |
| REO | 3.32% |
| |
| Cumulative Net Loss | 1.02% |
| Loss Severity | 42.13% |
| |
| Prepayment Experience | |
| 1mo CPR | 15.00% |
| 3mo CPR | 15.61% |
| 6mo CPR | 16.26% |
| 9mo CPR | 17.48% |
| 12mo CPR | 20.52% |
| Life CPR | 38.80% |
|