| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 11/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 17.30% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.57% |
| 60+ Days | 4.41% |
| 90+ Days | 2.21% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.58% |
| Foreclosure | 4.62% |
| REO | 3.68% |
| |
| Cumulative Net Loss | 0.48% |
| Loss Severity | 37.12% |
| |
| Prepayment Experience | |
| 1mo CPR | 43.00% |
| 3mo CPR | 44.20% |
| 6mo CPR | 47.03% |
| 9mo CPR | 50.48% |
| 12mo CPR | 55.71% |
| Life CPR | 48.75% |
|