| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 8/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 19.14% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.76% |
| 60+ Days | 2.92% |
| 90+ Days | 1.68% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.55% |
| Foreclosure | 8.28% |
| REO | 6.26% |
| |
| Cumulative Net Loss | 1.67% |
| Loss Severity | 52.21% |
| |
| Prepayment Experience | |
| 1mo CPR | 24.09% |
| 3mo CPR | 19.76% |
| 6mo CPR | 19.56% |
| 9mo CPR | 20.78% |
| 12mo CPR | 21.86% |
| Life CPR | 37.03% |
|