| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 11/1/2007 |
| |
| Performance Summary | |
| Current Pool Factor | 23.04% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.15% |
| 60+ Days | 4.32% |
| 90+ Days | 3.01% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.28% |
| Foreclosure | 6.11% |
| REO | 4.38% |
| |
| Cumulative Net Loss | 0.82% |
| Loss Severity | 53.45% |
| |
| Prepayment Experience | |
| 1mo CPR | 29.80% |
| 3mo CPR | 25.00% |
| 6mo CPR | 29.26% |
| 9mo CPR | 32.37% |
| 12mo CPR | 41.40% |
| Life CPR | 40.78% |
|