| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 10/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 44.55% |
| |
| Delinquency Status (*) | |
| 30+ Days | 4.75% |
| 60+ Days | 1.73% |
| 90+ Days | 0.94% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.07% |
| Foreclosure | 2.70% |
| REO | 1.63% |
| |
| Cumulative Net Loss | 0.21% |
| Loss Severity | 43.54% |
| |
| Prepayment Experience | |
| 1mo CPR | 37.61% |
| 3mo CPR | 34.48% |
| 6mo CPR | 34.02% |
| 9mo CPR | 35.62% |
| 12mo CPR | 38.83% |
| Life CPR | 37.83% |
|