| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 4/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 9.93% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.02% |
| 60+ Days | 6.20% |
| 90+ Days | 4.21% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 6.15% |
| Foreclosure | 6.57% |
| REO | 4.44% |
| |
| Cumulative Net Loss | 1.20% |
| Loss Severity | 60.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 20.20% |
| 3mo CPR | 17.46% |
| 6mo CPR | 20.22% |
| 9mo CPR | 22.96% |
| 12mo CPR | 26.31% |
| Life CPR | 43.29% |
|