| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 3/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 27.03% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.06% |
| 60+ Days | 3.94% |
| 90+ Days | 2.07% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.87% |
| Foreclosure | 4.49% |
| REO | 1.53% |
| |
| Cumulative Net Loss | 0.27% |
| Loss Severity | 49.24% |
| |
| Prepayment Experience | |
| 1mo CPR | 65.26% |
| 3mo CPR | 70.51% |
| 6mo CPR | 60.93% |
| 9mo CPR | 57.68% |
| 12mo CPR | 56.60% |
| Life CPR | 48.91% |
|