| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 12/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 10.63% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.02% |
| 60+ Days | 4.49% |
| 90+ Days | 2.79% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.33% |
| Foreclosure | 5.70% |
| REO | 5.12% |
| |
| Cumulative Net Loss | 1.01% |
| Loss Severity | 61.07% |
| |
| Prepayment Experience | |
| 1mo CPR | 23.68% |
| 3mo CPR | 24.07% |
| 6mo CPR | 27.68% |
| 9mo CPR | 32.30% |
| 12mo CPR | 34.84% |
| Life CPR | 45.17% |
|