| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 10/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 10.09% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.73% |
| 60+ Days | 3.20% |
| 90+ Days | 2.51% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.36% |
| Foreclosure | 2.58% |
| REO | 1.17% |
| |
| Cumulative Net Loss | 1.78% |
| Loss Severity | 100.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 11.33% |
| 3mo CPR | 11.16% |
| 6mo CPR | 13.66% |
| 9mo CPR | 11.76% |
| 12mo CPR | 11.87% |
| Life CPR | 32.11% |
|