| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 7.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.95% |
| 60+ Days | 2.52% |
| 90+ Days | 1.69% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.32% |
| Foreclosure | 4.19% |
| REO | 1.88% |
| |
| Cumulative Net Loss | 2.13% |
| Loss Severity | 91.01% |
| |
| Prepayment Experience | |
| 1mo CPR | 15.46% |
| 3mo CPR | 9.90% |
| 6mo CPR | 12.14% |
| 9mo CPR | 10.60% |
| 12mo CPR | 9.37% |
| Life CPR | 26.58% |
|