| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 9/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 19.10% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.83% |
| 60+ Days | 4.23% |
| 90+ Days | 2.02% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.35% |
| Foreclosure | 4.78% |
| REO | 3.26% |
| |
| Cumulative Net Loss | 0.42% |
| Loss Severity | 26.14% |
| |
| Prepayment Experience | |
| 1mo CPR | 44.31% |
| 3mo CPR | 47.81% |
| 6mo CPR | 49.52% |
| 9mo CPR | 57.82% |
| 12mo CPR | 55.61% |
| Life CPR | 49.04% |
|