| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 6/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 10.57% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.22% |
| 60+ Days | 2.17% |
| 90+ Days | 1.32% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.22% |
| Foreclosure | 3.40% |
| REO | 1.08% |
| |
| Cumulative Net Loss | 1.69% |
| Loss Severity | 56.37% |
| |
| Prepayment Experience | |
| 1mo CPR | 17.50% |
| 3mo CPR | 15.48% |
| 6mo CPR | 11.81% |
| 9mo CPR | 12.65% |
| 12mo CPR | 13.57% |
| Life CPR | 33.20% |
|