| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 1/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 10.45% |
| |
| Delinquency Status (*) | |
| 30+ Days | 10.81% |
| 60+ Days | 6.05% |
| 90+ Days | 3.41% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.43% |
| Foreclosure | 5.30% |
| REO | 5.28% |
| |
| Cumulative Net Loss | 1.05% |
| Loss Severity | 63.16% |
| |
| Prepayment Experience | |
| 1mo CPR | 17.69% |
| 3mo CPR | 22.74% |
| 6mo CPR | 25.49% |
| 9mo CPR | 28.99% |
| 12mo CPR | 32.07% |
| Life CPR | 44.68% |
|