| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 5/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 23.89% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.43% |
| 60+ Days | 4.24% |
| 90+ Days | 2.00% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.72% |
| Foreclosure | 4.69% |
| REO | 2.33% |
| |
| Cumulative Net Loss | 0.30% |
| Loss Severity | 54.14% |
| |
| Prepayment Experience | |
| 1mo CPR | 43.97% |
| 3mo CPR | 56.72% |
| 6mo CPR | 62.94% |
| 9mo CPR | 57.77% |
| 12mo CPR | 56.02% |
| Life CPR | 49.14% |
|