| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 9/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 11.43% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.12% |
| 60+ Days | 3.22% |
| 90+ Days | 1.17% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.90% |
| Foreclosure | 5.69% |
| REO | 4.98% |
| |
| Cumulative Net Loss | 0.87% |
| Loss Severity | 66.95% |
| |
| Prepayment Experience | |
| 1mo CPR | 26.45% |
| 3mo CPR | 31.00% |
| 6mo CPR | 36.02% |
| 9mo CPR | 38.03% |
| 12mo CPR | 39.54% |
| Life CPR | 46.45% |
|