| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 11/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 80.52% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.65% |
| 60+ Days | 2.14% |
| 90+ Days | 1.23% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.01% |
| Foreclosure | 0.33% |
| REO | 0.06% |
| |
| Cumulative Net Loss | 0.01% |
| Loss Severity | 53.92% |
| |
| Prepayment Experience | |
| 1mo CPR | 38.94% |
| 3mo CPR | 38.12% |
| 6mo CPR | 32.15% |
| Life CPR | 30.28% |
|