| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 3/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 14.37% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.67% |
| 60+ Days | 3.06% |
| 90+ Days | 1.92% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.60% |
| Foreclosure | 5.47% |
| REO | 5.25% |
| |
| Cumulative Net Loss | 0.57% |
| Loss Severity | 57.13% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.09% |
| 3mo CPR | 41.77% |
| 6mo CPR | 42.80% |
| 9mo CPR | 44.55% |
| 12mo CPR | 46.29% |
| Life CPR | 48.04% |
|