| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 5/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 9.71% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.13% |
| 60+ Days | 5.07% |
| 90+ Days | 3.74% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.93% |
| Foreclosure | 7.06% |
| REO | 3.91% |
| |
| Cumulative Net Loss | 1.28% |
| Loss Severity | 78.12% |
| |
| Prepayment Experience | |
| 1mo CPR | 22.12% |
| 3mo CPR | 19.36% |
| 6mo CPR | 19.45% |
| 9mo CPR | 21.36% |
| 12mo CPR | 25.36% |
| Life CPR | 42.93% |
|