| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 8/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 24.84% |
| |
| Delinquency Status (*) | |
| 30+ Days | 6.55% |
| 60+ Days | 2.48% |
| 90+ Days | 1.90% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.33% |
| Foreclosure | 4.94% |
| REO | 4.01% |
| |
| Cumulative Net Loss | 0.64% |
| Loss Severity | 47.14% |
| |
| Prepayment Experience | |
| 1mo CPR | 27.91% |
| 3mo CPR | 33.23% |
| 6mo CPR | 35.73% |
| 9mo CPR | 45.98% |
| 12mo CPR | 47.87% |
| Life CPR | 42.14% |
|