| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 1/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 33.33% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.18% |
| 60+ Days | 2.83% |
| 90+ Days | 1.63% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.68% |
| Foreclosure | 3.98% |
| REO | 2.49% |
| |
| Cumulative Net Loss | 0.30% |
| Loss Severity | 37.49% |
| |
| Prepayment Experience | |
| 1mo CPR | 59.24% |
| 3mo CPR | 68.35% |
| 6mo CPR | 54.51% |
| 9mo CPR | 48.39% |
| 12mo CPR | 46.11% |
| Life CPR | 43.06% |
|