| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 7/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 21.00% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.21% |
| 60+ Days | 4.56% |
| 90+ Days | 2.41% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.88% |
| Foreclosure | 4.91% |
| REO | 2.34% |
| |
| Cumulative Net Loss | 0.38% |
| Loss Severity | 35.65% |
| |
| Prepayment Experience | |
| 1mo CPR | 56.53% |
| 3mo CPR | 50.47% |
| 6mo CPR | 58.36% |
| 9mo CPR | 59.01% |
| 12mo CPR | 56.28% |
| Life CPR | 49.45% |
|