| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 9/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 9.12% |
| |
| Delinquency Status (*) | |
| 30+ Days | 10.57% |
| 60+ Days | 5.00% |
| 90+ Days | 2.90% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 6.84% |
| Foreclosure | 5.60% |
| REO | 3.57% |
| |
| Cumulative Net Loss | 1.42% |
| Loss Severity | 71.87% |
| |
| Prepayment Experience | |
| 1mo CPR | 19.10% |
| 3mo CPR | 15.51% |
| 6mo CPR | 17.61% |
| 9mo CPR | 17.40% |
| 12mo CPR | 19.13% |
| Life CPR | 41.24% |
|