| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 2/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 13.30% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.51% |
| 60+ Days | 1.60% |
| 90+ Days | 1.50% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.44% |
| Foreclosure | 2.91% |
| REO | 3.55% |
| |
| Cumulative Net Loss | 1.03% |
| Loss Severity | 41.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 10.24% |
| 3mo CPR | 13.31% |
| 6mo CPR | 14.55% |
| 9mo CPR | 15.83% |
| 12mo CPR | 17.67% |
| Life CPR | 38.33% |
|