| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 2/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.89% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.29% |
| 60+ Days | 3.47% |
| 90+ Days | 2.04% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.54% |
| Foreclosure | 6.17% |
| REO | 4.31% |
| |
| Cumulative Net Loss | 0.56% |
| Loss Severity | 39.53% |
| |
| Prepayment Experience | |
| 1mo CPR | 40.38% |
| 3mo CPR | 44.54% |
| 6mo CPR | 44.38% |
| 9mo CPR | 46.23% |
| 12mo CPR | 49.08% |
| Life CPR | 48.40% |
|