| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 5/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 10.76% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.76% |
| 60+ Days | 1.62% |
| 90+ Days | 1.01% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.12% |
| Foreclosure | 3.45% |
| REO | 1.35% |
| |
| Cumulative Net Loss | 1.67% |
| Loss Severity | 79.92% |
| |
| Prepayment Experience | |
| 1mo CPR | 18.34% |
| 3mo CPR | 11.49% |
| 6mo CPR | 11.16% |
| 9mo CPR | 12.23% |
| 12mo CPR | 13.09% |
| Life CPR | 33.42% |
|