| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 10/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 41.33% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.17% |
| 60+ Days | 2.38% |
| 90+ Days | 1.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.55% |
| Foreclosure | 2.59% |
| REO | 0.91% |
| |
| Cumulative Net Loss | 0.14% |
| Loss Severity | 31.01% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.04% |
| 3mo CPR | 46.93% |
| 6mo CPR | 49.13% |
| 9mo CPR | 50.87% |
| 12mo CPR | 50.22% |
| Life CPR | 43.89% |
|