| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 1/1/2009 |
| |
| Performance Summary | |
| Current Pool Factor | 8.71% |
| |
| Delinquency Status (*) | |
| 30+ Days | 12.96% |
| 60+ Days | 9.78% |
| 90+ Days | 7.01% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 6.48% |
| Foreclosure | 5.95% |
| REO | 2.02% |
| |
| Cumulative Net Loss | 1.59% |
| Loss Severity | 99.19% |
| |
| Prepayment Experience | |
| 1mo CPR | 8.68% |
| 3mo CPR | 12.65% |
| 6mo CPR | 13.76% |
| 9mo CPR | 14.77% |
| 12mo CPR | 15.47% |
| Life CPR | 39.56% |
|