| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 12/1/2008 |
| |
| Performance Summary | |
| Current Pool Factor | 17.76% |
| |
| Delinquency Status (*) | |
| 30+ Days | 7.91% |
| 60+ Days | 3.90% |
| 90+ Days | 2.62% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 3.75% |
| Foreclosure | 6.98% |
| REO | 4.46% |
| |
| Cumulative Net Loss | 2.23% |
| Loss Severity | 64.06% |
| |
| Prepayment Experience | |
| 1mo CPR | 15.62% |
| 3mo CPR | 18.24% |
| 6mo CPR | 20.11% |
| 9mo CPR | 19.10% |
| 12mo CPR | 19.48% |
| Life CPR | 35.64% |
|