| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 5/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 20.30% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.60% |
| 60+ Days | 4.43% |
| 90+ Days | 3.50% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.66% |
| Foreclosure | 8.08% |
| REO | 5.21% |
| |
| Cumulative Net Loss | 1.28% |
| Loss Severity | 53.64% |
| |
| Prepayment Experience | |
| 1mo CPR | 14.56% |
| 3mo CPR | 19.40% |
| 6mo CPR | 21.31% |
| 9mo CPR | 22.58% |
| 12mo CPR | 25.42% |
| Life CPR | 38.17% |
|