| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 5/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 12.63% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.12% |
| 60+ Days | 1.33% |
| 90+ Days | 0.85% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.96% |
| Foreclosure | 2.14% |
| REO | 3.23% |
| |
| Cumulative Net Loss | 1.18% |
| Loss Severity | 69.15% |
| |
| Prepayment Experience | |
| 1mo CPR | 18.79% |
| 3mo CPR | 17.06% |
| 6mo CPR | 15.20% |
| 9mo CPR | 15.39% |
| 12mo CPR | 16.14% |
| Life CPR | 37.29% |
|