| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 8/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 11.73% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.33% |
| 60+ Days | 2.95% |
| 90+ Days | 1.37% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.00% |
| Foreclosure | 5.90% |
| REO | 4.92% |
| |
| Cumulative Net Loss | 0.81% |
| Loss Severity | 41.46% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.33% |
| 3mo CPR | 36.01% |
| 6mo CPR | 37.16% |
| 9mo CPR | 39.77% |
| 12mo CPR | 40.92% |
| Life CPR | 46.87% |
|