| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 8/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 46.00% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.39% |
| 60+ Days | 1.93% |
| 90+ Days | 0.89% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.47% |
| Foreclosure | 2.39% |
| REO | 0.81% |
| |
| Cumulative Net Loss | 0.08% |
| Loss Severity | 17.79% |
| |
| Prepayment Experience | |
| 1mo CPR | 47.26% |
| 3mo CPR | 50.33% |
| 6mo CPR | 52.75% |
| 9mo CPR | 52.05% |
| 12mo CPR | 48.90% |
| Life CPR | 43.52% |
|