| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC3 |
| Closing Date | 4/16/2004 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 6.80% |
| |
| Delinquency Status (*) | |
| 30+ Days | 12.70% |
| 60+ Days | 9.13% |
| 90+ Days | 7.42% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.91% |
| Foreclosure | 17.29% |
| REO | 2.11% |
| |
| Cumulative Net Loss | 2.14% |
| Loss Severity | 87.52% |
| |
| Prepayment Experience | |
| 1mo CPR | 2.77% |
| 3mo CPR | 5.33% |
| 6mo CPR | 5.27% |
| 9mo CPR | 5.18% |
| 12mo CPR | 5.35% |
| Life CPR | 28.39% |
|