| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 9/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 18.76% |
| |
| Delinquency Status (*) | |
| 30+ Days | 5.73% |
| 60+ Days | 3.01% |
| 90+ Days | 1.98% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.57% |
| Foreclosure | 7.58% |
| REO | 5.90% |
| |
| Cumulative Net Loss | 1.79% |
| Loss Severity | 48.38% |
| |
| Prepayment Experience | |
| 1mo CPR | 20.37% |
| 3mo CPR | 21.91% |
| 6mo CPR | 19.50% |
| 9mo CPR | 19.86% |
| 12mo CPR | 21.53% |
| Life CPR | 36.69% |
|