| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 2/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 31.15% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.39% |
| 60+ Days | 2.42% |
| 90+ Days | 1.52% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 2.98% |
| Foreclosure | 4.47% |
| REO | 2.62% |
| |
| Cumulative Net Loss | 0.33% |
| Loss Severity | 48.47% |
| |
| Prepayment Experience | |
| 1mo CPR | 55.09% |
| 3mo CPR | 61.81% |
| 6mo CPR | 57.70% |
| 9mo CPR | 50.49% |
| 12mo CPR | 47.24% |
| Life CPR | 43.63% |
|