| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 2/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 21.50% |
| |
| Delinquency Status (*) | |
| 30+ Days | 9.27% |
| 60+ Days | 4.52% |
| 90+ Days | 3.47% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.40% |
| Foreclosure | 7.28% |
| REO | 4.87% |
| |
| Cumulative Net Loss | 1.04% |
| Loss Severity | 56.73% |
| |
| Prepayment Experience | |
| 1mo CPR | 19.43% |
| 3mo CPR | 23.18% |
| 6mo CPR | 24.11% |
| 9mo CPR | 27.31% |
| 12mo CPR | 30.20% |
| Life CPR | 39.50% |
|