| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 1/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 32.73% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.41% |
| 60+ Days | 3.20% |
| 90+ Days | 1.32% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.88% |
| Foreclosure | 4.08% |
| REO | 0.92% |
| |
| Cumulative Net Loss | 0.21% |
| Loss Severity | 46.06% |
| |
| Prepayment Experience | |
| 1mo CPR | 74.97% |
| 3mo CPR | 60.18% |
| 6mo CPR | 54.03% |
| 9mo CPR | 53.12% |
| 12mo CPR | 53.39% |
| Life CPR | 46.58% |
|