| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 5/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 27.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.72% |
| 60+ Days | 2.65% |
| 90+ Days | 1.89% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.37% |
| Foreclosure | 4.43% |
| REO | 2.89% |
| |
| Cumulative Net Loss | 0.50% |
| Loss Severity | 40.74% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.43% |
| 3mo CPR | 38.06% |
| 6mo CPR | 51.43% |
| 9mo CPR | 52.01% |
| 12mo CPR | 47.69% |
| Life CPR | 43.04% |
|