| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 11/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 10.89% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.85% |
| 60+ Days | 4.30% |
| 90+ Days | 2.21% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.77% |
| Foreclosure | 6.10% |
| REO | 5.53% |
| |
| Cumulative Net Loss | 0.95% |
| Loss Severity | 56.08% |
| |
| Prepayment Experience | |
| 1mo CPR | 26.57% |
| 3mo CPR | 25.00% |
| 6mo CPR | 30.78% |
| 9mo CPR | 33.38% |
| 12mo CPR | 36.41% |
| Life CPR | 45.59% |
|