| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 2/1/2010 |
| |
| Performance Summary | |
| Current Pool Factor | 9.72% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.11% |
| 60+ Days | 3.89% |
| 90+ Days | 2.78% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.34% |
| Foreclosure | 3.82% |
| REO | 1.49% |
| |
| Cumulative Net Loss | 1.86% |
| Loss Severity | 99.20% |
| |
| Prepayment Experience | |
| 1mo CPR | 11.27% |
| 3mo CPR | 8.93% |
| 6mo CPR | 10.02% |
| 9mo CPR | 10.87% |
| 12mo CPR | 11.09% |
| Life CPR | 31.01% |
|