| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2010 |
| |
| Performance Summary | |
| Current Pool Factor | 9.84% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.25% |
| 60+ Days | 3.55% |
| 90+ Days | 2.65% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.52% |
| Foreclosure | 3.89% |
| REO | 1.57% |
| |
| Cumulative Net Loss | 1.82% |
| Loss Severity | 0.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 10.96% |
| 3mo CPR | 7.52% |
| 6mo CPR | 9.39% |
| 9mo CPR | 11.69% |
| 12mo CPR | 10.75% |
| Life CPR | 31.24% |
|