| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 7/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 49.64% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.64% |
| 60+ Days | 1.72% |
| 90+ Days | 0.95% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 1.51% |
| Foreclosure | 2.56% |
| REO | 1.51% |
| |
| Cumulative Net Loss | 0.11% |
| Loss Severity | 30.57% |
| |
| Prepayment Experience | |
| 1mo CPR | 29.04% |
| 3mo CPR | 33.44% |
| 6mo CPR | 36.06% |
| 9mo CPR | 40.22% |
| 12mo CPR | 41.16% |
| Life CPR | 38.40% |
|