| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 1/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 21.91% |
| |
| Delinquency Status (*) | |
| 30+ Days | 11.75% |
| 60+ Days | 5.75% |
| 90+ Days | 4.45% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.44% |
| Foreclosure | 8.38% |
| REO | 7.58% |
| |
| Cumulative Net Loss | 0.94% |
| Loss Severity | 49.69% |
| |
| Prepayment Experience | |
| 1mo CPR | 21.60% |
| 3mo CPR | 26.63% |
| 6mo CPR | 25.51% |
| 9mo CPR | 29.09% |
| 12mo CPR | 33.53% |
| Life CPR | 39.99% |
|