| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 1/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 15.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.35% |
| 60+ Days | 3.67% |
| 90+ Days | 1.91% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.87% |
| Foreclosure | 5.59% |
| REO | 4.13% |
| |
| Cumulative Net Loss | 0.53% |
| Loss Severity | 32.26% |
| |
| Prepayment Experience | |
| 1mo CPR | 49.63% |
| 3mo CPR | 45.34% |
| 6mo CPR | 44.47% |
| 9mo CPR | 46.59% |
| 12mo CPR | 51.94% |
| Life CPR | 48.62% |
|