| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 4/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 25.10% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.34% |
| 60+ Days | 3.84% |
| 90+ Days | 2.08% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.02% |
| Foreclosure | 4.49% |
| REO | 1.71% |
| |
| Cumulative Net Loss | 0.29% |
| Loss Severity | 48.51% |
| |
| Prepayment Experience | |
| 1mo CPR | 58.34% |
| 3mo CPR | 65.01% |
| 6mo CPR | 62.70% |
| 9mo CPR | 58.05% |
| 12mo CPR | 56.44% |
| Life CPR | 49.34% |
|