| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 1/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 62.35% |
| |
| Delinquency Status (*) | |
| 30+ Days | 3.93% |
| 60+ Days | 1.18% |
| 90+ Days | 0.53% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.71% |
| Foreclosure | 2.49% |
| REO | 0.58% |
| |
| Cumulative Net Loss | 0.01% |
| Loss Severity | 5.99% |
| |
| Prepayment Experience | |
| 1mo CPR | 40.39% |
| Life CPR | NA |
|