| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC2 |
| Closing Date | 2/27/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 6.76% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.59% |
| 60+ Days | 7.09% |
| 90+ Days | 6.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.75% |
| Foreclosure | 16.42% |
| REO | 2.73% |
| |
| Cumulative Net Loss | 1.99% |
| Loss Severity | 83.10% |
| |
| Prepayment Experience | |
| 1mo CPR | 10.37% |
| 3mo CPR | 6.39% |
| 6mo CPR | 6.20% |
| 9mo CPR | 6.37% |
| 12mo CPR | 7.32% |
| Life CPR | 27.90% |
|