| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 6/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 12.47% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.59% |
| 60+ Days | 1.29% |
| 90+ Days | 0.81% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.00% |
| Foreclosure | 2.05% |
| REO | 3.18% |
| |
| Cumulative Net Loss | 1.21% |
| Loss Severity | 73.60% |
| |
| Prepayment Experience | |
| 1mo CPR | 12.40% |
| 3mo CPR | 16.42% |
| 6mo CPR | 14.84% |
| 9mo CPR | 14.74% |
| 12mo CPR | 15.93% |
| Life CPR | 36.91% |
|