| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 10/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 11.67% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.95% |
| 60+ Days | 1.99% |
| 90+ Days | 1.06% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.15% |
| Foreclosure | 2.54% |
| REO | 1.87% |
| |
| Cumulative Net Loss | 1.44% |
| Loss Severity | 78.66% |
| |
| Prepayment Experience | |
| 1mo CPR | 17.20% |
| 3mo CPR | 16.42% |
| 6mo CPR | 16.18% |
| 9mo CPR | 15.54% |
| 12mo CPR | 15.57% |
| Life CPR | 35.68% |
|