| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 8/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 20.07% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.39% |
| 60+ Days | 3.75% |
| 90+ Days | 2.25% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.17% |
| Foreclosure | 5.23% |
| REO | 2.54% |
| |
| Cumulative Net Loss | 0.42% |
| Loss Severity | 60.83% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.15% |
| 3mo CPR | 49.67% |
| 6mo CPR | 53.33% |
| 9mo CPR | 58.97% |
| 12mo CPR | 55.88% |
| Life CPR | 49.20% |
|