| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 6/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 51.13% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.31% |
| 60+ Days | 1.49% |
| 90+ Days | 0.79% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.88% |
| Foreclosure | 2.36% |
| REO | 1.29% |
| |
| Cumulative Net Loss | 0.10% |
| Loss Severity | 11.55% |
| |
| Prepayment Experience | |
| 1mo CPR | 36.00% |
| 3mo CPR | 37.05% |
| 6mo CPR | 37.90% |
| 9mo CPR | 41.77% |
| 12mo CPR | 41.89% |
| Life CPR | 38.94% |
|