| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 5/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 53.11% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.55% |
| 60+ Days | 1.71% |
| 90+ Days | 1.16% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.85% |
| Foreclosure | 2.24% |
| REO | 1.22% |
| |
| Cumulative Net Loss | 0.08% |
| Loss Severity | 44.52% |
| |
| Prepayment Experience | |
| 1mo CPR | 34.93% |
| 3mo CPR | 35.97% |
| 6mo CPR | 40.15% |
| 9mo CPR | 43.13% |
| 12mo CPR | 41.93% |
| Life CPR | 39.13% |
|