| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 2/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 29.54% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.21% |
| 60+ Days | 3.32% |
| 90+ Days | 1.65% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.08% |
| Foreclosure | 4.74% |
| REO | 1.12% |
| |
| Cumulative Net Loss | 0.23% |
| Loss Severity | 52.63% |
| |
| Prepayment Experience | |
| 1mo CPR | 70.43% |
| 3mo CPR | 68.23% |
| 6mo CPR | 58.26% |
| 9mo CPR | 55.77% |
| 12mo CPR | 55.59% |
| Life CPR | 48.00% |
|