| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 12/1/2006 |
| |
| Performance Summary | |
| Current Pool Factor | 35.95% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.89% |
| 60+ Days | 2.38% |
| 90+ Days | 1.49% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.73% |
| Foreclosure | 3.55% |
| REO | 2.27% |
| |
| Cumulative Net Loss | 0.26% |
| Loss Severity | 48.29% |
| |
| Prepayment Experience | |
| 1mo CPR | 69.43% |
| 3mo CPR | 63.52% |
| 6mo CPR | 50.09% |
| 9mo CPR | 46.12% |
| 12mo CPR | 44.36% |
| Life CPR | 42.19% |
|