| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 10/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 23.76% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.13% |
| 60+ Days | 3.88% |
| 90+ Days | 2.30% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.20% |
| Foreclosure | 6.12% |
| REO | 4.05% |
| |
| Cumulative Net Loss | 0.77% |
| Loss Severity | 43.25% |
| |
| Prepayment Experience | |
| 1mo CPR | 20.58% |
| 3mo CPR | 24.33% |
| 6mo CPR | 30.26% |
| 9mo CPR | 35.65% |
| 12mo CPR | 46.13% |
| Life CPR | 41.09% |
|