| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 3/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 62.99% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.15% |
| 60+ Days | 1.27% |
| 90+ Days | 0.60% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.78% |
| Foreclosure | 2.89% |
| REO | 0.34% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 18.86% |
| |
| Prepayment Experience | |
| 1mo CPR | 54.37% |
| 3mo CPR | 54.08% |
| 6mo CPR | 47.63% |
| 9mo CPR | 42.41% |
| Life CPR | 38.95% |
|