| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 2/1/2010 |
| |
| Performance Summary | |
| Current Pool Factor | 7.95% |
| |
| Delinquency Status (*) | |
| 30+ Days | 20.08% |
| 60+ Days | 15.77% |
| 90+ Days | 12.87% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 5.71% |
| Foreclosure | 11.44% |
| REO | 1.32% |
| |
| Cumulative Net Loss | 1.79% |
| Loss Severity | 99.10% |
| |
| Prepayment Experience | |
| 1mo CPR | 4.40% |
| 3mo CPR | 4.21% |
| 6mo CPR | 5.23% |
| 9mo CPR | 5.93% |
| 12mo CPR | 6.08% |
| Life CPR | 34.48% |
|