| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 7/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 12.18% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.28% |
| 60+ Days | 3.17% |
| 90+ Days | 1.15% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.67% |
| Foreclosure | 6.27% |
| REO | 5.58% |
| |
| Cumulative Net Loss | 0.76% |
| Loss Severity | 40.06% |
| |
| Prepayment Experience | |
| 1mo CPR | 30.71% |
| 3mo CPR | 35.36% |
| 6mo CPR | 37.99% |
| 9mo CPR | 40.60% |
| 12mo CPR | 41.36% |
| Life CPR | 47.13% |
|