| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 2/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 59.52% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.00% |
| 60+ Days | 1.38% |
| 90+ Days | 0.66% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.70% |
| Foreclosure | 2.69% |
| REO | 0.78% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 13.24% |
| |
| Prepayment Experience | |
| 1mo CPR | 42.22% |
| 3mo CPR | 44.10% |
| 6mo CPR | 46.43% |
| 9mo CPR | 43.80% |
| 12mo CPR | 39.91% |
| Life CPR | 39.91% |
|