| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 10/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 18.15% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.87% |
| 60+ Days | 4.33% |
| 90+ Days | 2.49% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.42% |
| Foreclosure | 4.54% |
| REO | 3.61% |
| |
| Cumulative Net Loss | 0.44% |
| Loss Severity | 29.11% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.24% |
| 3mo CPR | 43.59% |
| 6mo CPR | 47.17% |
| 9mo CPR | 53.94% |
| 12mo CPR | 55.63% |
| Life CPR | 48.93% |
|