| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 2/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 10.28% |
| |
| Delinquency Status (*) | |
| 30+ Days | 10.78% |
| 60+ Days | 6.73% |
| 90+ Days | 3.44% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.75% |
| Foreclosure | 5.79% |
| REO | 5.23% |
| |
| Cumulative Net Loss | 1.08% |
| Loss Severity | 66.99% |
| |
| Prepayment Experience | |
| 1mo CPR | 16.43% |
| 3mo CPR | 19.37% |
| 6mo CPR | 22.25% |
| 9mo CPR | 27.19% |
| 12mo CPR | 30.15% |
| Life CPR | 44.19% |
|