| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 9/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 43.49% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.48% |
| 60+ Days | 2.03% |
| 90+ Days | 0.99% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.49% |
| Foreclosure | 2.71% |
| REO | 0.88% |
| |
| Cumulative Net Loss | 0.10% |
| Loss Severity | 38.07% |
| |
| Prepayment Experience | |
| 1mo CPR | 48.42% |
| 3mo CPR | 50.32% |
| 6mo CPR | 51.77% |
| 9mo CPR | 52.56% |
| 12mo CPR | 49.75% |
| Life CPR | 43.83% |
|