| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 12/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 11.37% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.54% |
| 60+ Days | 2.32% |
| 90+ Days | 1.50% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.92% |
| Foreclosure | 3.06% |
| REO | 1.72% |
| |
| Cumulative Net Loss | 1.52% |
| Loss Severity | 100.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 13.97% |
| 3mo CPR | 14.25% |
| 6mo CPR | 15.21% |
| 9mo CPR | 15.61% |
| 12mo CPR | 15.03% |
| Life CPR | 35.03% |
|