| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 3/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 57.54% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.12% |
| 60+ Days | 1.66% |
| 90+ Days | 0.91% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.66% |
| Foreclosure | 2.61% |
| REO | 0.91% |
| |
| Cumulative Net Loss | 0.03% |
| Loss Severity | 18.83% |
| |
| Prepayment Experience | |
| 1mo CPR | 32.63% |
| 3mo CPR | 38.60% |
| 6mo CPR | 44.01% |
| 9mo CPR | 43.43% |
| 12mo CPR | 40.93% |
| Life CPR | 39.38% |
|