| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 9/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 11.88% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.88% |
| 60+ Days | 1.48% |
| 90+ Days | 0.62% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.69% |
| Foreclosure | 1.98% |
| REO | 2.37% |
| |
| Cumulative Net Loss | 1.38% |
| Loss Severity | 77.54% |
| |
| Prepayment Experience | |
| 1mo CPR | 14.14% |
| 3mo CPR | 16.17% |
| 6mo CPR | 16.30% |
| 9mo CPR | 15.30% |
| 12mo CPR | 15.11% |
| Life CPR | 35.96% |
|