| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 7/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 10.44% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.48% |
| 60+ Days | 2.48% |
| 90+ Days | 1.27% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.17% |
| Foreclosure | 3.30% |
| REO | 1.08% |
| |
| Cumulative Net Loss | 1.73% |
| Loss Severity | 75.43% |
| |
| Prepayment Experience | |
| 1mo CPR | 11.71% |
| 3mo CPR | 15.96% |
| 6mo CPR | 11.96% |
| 9mo CPR | 12.05% |
| 12mo CPR | 13.19% |
| Life CPR | 32.92% |
|