| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2005-NC1 |
| Closing Date | 2/25/2005 |
| Collateral Factor Date | 1/1/2012 |
| |
| Performance Summary | |
| Current Pool Factor | 12.21% |
| |
| Delinquency Status (*) | |
| 30+ Days | 8.36% |
| 60+ Days | 3.79% |
| 90+ Days | 2.87% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 4.97% |
| Foreclosure | 9.15% |
| REO | 2.12% |
| |
| Cumulative Net Loss | 4.67% |
| Loss Severity | 76.39% |
| |
| Prepayment Experience | |
| 1mo CPR | 7.89% |
| 3mo CPR | 9.88% |
| 6mo CPR | 10.04% |
| 9mo CPR | 9.52% |
| 12mo CPR | 9.07% |
| Life CPR | 25.26% |
|