| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 11/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 39.72% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.03% |
| 60+ Days | 2.09% |
| 90+ Days | 1.11% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.26% |
| Foreclosure | 3.11% |
| REO | 1.98% |
| |
| Cumulative Net Loss | 0.22% |
| Loss Severity | 18.28% |
| |
| Prepayment Experience | |
| 1mo CPR | 74.47% |
| 3mo CPR | 53.07% |
| 6mo CPR | 43.57% |
| 9mo CPR | 41.22% |
| 12mo CPR | 41.83% |
| Life CPR | 40.41% |
|