| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 6/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 20.03% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.08% |
| 60+ Days | 4.32% |
| 90+ Days | 3.13% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.61% |
| Foreclosure | 7.86% |
| REO | 5.87% |
| |
| Cumulative Net Loss | 1.33% |
| Loss Severity | 74.18% |
| |
| Prepayment Experience | |
| 1mo CPR | 13.62% |
| 3mo CPR | 17.01% |
| 6mo CPR | 18.80% |
| 9mo CPR | 21.39% |
| 12mo CPR | 23.36% |
| Life CPR | 37.66% |
|