| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 6/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 22.53% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.16% |
| 60+ Days | 3.83% |
| 90+ Days | 1.95% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.88% |
| Foreclosure | 5.55% |
| REO | 2.55% |
| |
| Cumulative Net Loss | 0.34% |
| Loss Severity | 34.57% |
| |
| Prepayment Experience | |
| 1mo CPR | 50.10% |
| 3mo CPR | 51.17% |
| 6mo CPR | 62.06% |
| 9mo CPR | 57.93% |
| 12mo CPR | 56.14% |
| Life CPR | 49.18% |
|