| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 12/1/2005 |
| |
| Performance Summary | |
| Current Pool Factor | 65.16% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.79% |
| 60+ Days | 1.26% |
| 90+ Days | 0.42% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.72% |
| Foreclosure | 2.30% |
| REO | 0.47% |
| |
| Cumulative Net Loss | 0.01% |
| Loss Severity | 12.95% |
| |
| Prepayment Experience | |
| 1mo CPR | NA |
| Life CPR | NA |
|