| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 7/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 12.27% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.05% |
| 60+ Days | 1.23% |
| 90+ Days | 0.79% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.91% |
| Foreclosure | 2.00% |
| REO | 3.22% |
| |
| Cumulative Net Loss | 1.24% |
| Loss Severity | 66.77% |
| |
| Prepayment Experience | |
| 1mo CPR | 16.46% |
| 3mo CPR | 15.93% |
| 6mo CPR | 15.09% |
| 9mo CPR | 15.27% |
| 12mo CPR | 15.69% |
| Life CPR | 36.58% |
|