| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 2/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 11.15% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.23% |
| 60+ Days | 2.44% |
| 90+ Days | 1.02% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.14% |
| Foreclosure | 3.53% |
| REO | 1.56% |
| |
| Cumulative Net Loss | 1.58% |
| Loss Severity | 85.01% |
| |
| Prepayment Experience | |
| 1mo CPR | 7.32% |
| 3mo CPR | 10.80% |
| 6mo CPR | 12.57% |
| 9mo CPR | 13.59% |
| 12mo CPR | 14.47% |
| Life CPR | 34.32% |
|