| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 9/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 24.24% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.76% |
| 60+ Days | 3.53% |
| 90+ Days | 2.28% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.25% |
| Foreclosure | 5.18% |
| REO | 4.29% |
| |
| Cumulative Net Loss | 0.69% |
| Loss Severity | 42.39% |
| |
| Prepayment Experience | |
| 1mo CPR | 24.30% |
| 3mo CPR | 28.95% |
| 6mo CPR | 32.46% |
| 9mo CPR | 40.25% |
| 12mo CPR | 47.21% |
| Life CPR | 41.65% |
|