| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 4/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 10.96% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.94% |
| 60+ Days | 1.22% |
| 90+ Days | 0.75% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.20% |
| Foreclosure | 3.60% |
| REO | 1.82% |
| |
| Cumulative Net Loss | 1.62% |
| Loss Severity | 46.10% |
| |
| Prepayment Experience | |
| 1mo CPR | 10.25% |
| 3mo CPR | 7.68% |
| 6mo CPR | 9.96% |
| 9mo CPR | 12.18% |
| 12mo CPR | 13.13% |
| Life CPR | 33.63% |
|