| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 6/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 12.57% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.14% |
| 60+ Days | 3.26% |
| 90+ Days | 1.41% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.64% |
| Foreclosure | 5.71% |
| REO | 5.60% |
| |
| Cumulative Net Loss | 0.73% |
| Loss Severity | 46.81% |
| |
| Prepayment Experience | |
| 1mo CPR | 41.45% |
| 3mo CPR | 40.67% |
| 6mo CPR | 41.26% |
| 9mo CPR | 42.13% |
| 12mo CPR | 43.64% |
| Life CPR | 47.51% |
|