| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 11/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 39.47% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.53% |
| 60+ Days | 2.46% |
| 90+ Days | 1.00% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.38% |
| Foreclosure | 2.91% |
| REO | 0.92% |
| |
| Cumulative Net Loss | 0.17% |
| Loss Severity | 36.83% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.81% |
| 3mo CPR | 45.16% |
| 6mo CPR | 47.81% |
| 9mo CPR | 50.35% |
| 12mo CPR | 50.42% |
| Life CPR | 43.79% |
|