| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 7/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 48.57% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.30% |
| 60+ Days | 1.50% |
| 90+ Days | 0.88% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.44% |
| Foreclosure | 2.40% |
| REO | 0.65% |
| |
| Cumulative Net Loss | 0.07% |
| Loss Severity | 17.83% |
| |
| Prepayment Experience | |
| 1mo CPR | 54.91% |
| 3mo CPR | 51.24% |
| 6mo CPR | 52.73% |
| 9mo CPR | 51.27% |
| 12mo CPR | 47.59% |
| Life CPR | 43.27% |
|