Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

External Parties

Table of Contents

Page

Seller

1. Certificate Payment Report

Morgan Stanley

2. Collection Account Report

3. Credit Enhancement Report

Servicer(s)

4. Collateral Report

Saxon

5. Delinquency Report

Countrywide Home Loans Serv

6. REO Report

7. Foreclosure Report

Underwriter(s)

8. Prepayment Report

Morgan Stanley

9. Prepayment Detail Report

Countrywide Securities

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

January 01, 2007

Alice Tatusian

Close Date:

January 26, 2007

Administrator

First Distribution Date:

February 26, 2007

(714) 247-6420

Alice.D.Tatusian@db.com

Address:

Distribution Date:

May 25, 2007

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

April 30, 2007

Factor Information:

(800) 735-7777

May 24, 2007

Main Phone Number:

(714) 247-6000

Determination Date:

May 15, 2007

https://www.tss.db.com/invr

Page 1 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Certificate Payment Report
Current Period Distribution - REMIC 3
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	INT	320,559,000.00	302,532,273.22	1,374,000.74	6,419,276.63	7,793,277.37	0.00	0.00	296,112,996.59
A-1	INT	320,559,000.00	302,532,273.22	1,374,000.74	6,419,276.63	7,793,277.37	0.00	0.00	296,112,996.59
A-2A	INT	326,940,000.00	288,431,988.00	1,290,733.15	9,432,793.89	10,723,527.04	0.00	0.00	278,999,194.11
A-2B	INT	101,690,000.00	101,690,000.00	459,299.83	0.00	459,299.83	0.00	0.00	101,690,000.00
A-2C	INT	135,180,000.00	135,180,000.00	615,069.00	0.00	615,069.00	0.00	0.00	135,180,000.00
A-2D	INT	84,385,000.00	84,385,000.00	389,577.42	0.00	389,577.42	0.00	0.00	84,385,000.00
M-1	INT	50,000,000.00	50,000,000.00	232,500.00	0.00	232,500.00	0.00	0.00	50,000,000.00
M-2	INT	58,125,000.00	58,125,000.00	270,765.63	0.00	270,765.63	0.00	0.00	58,125,000.00
M-3	INT	19,375,000.00	19,375,000.00	90,739.58	0.00	90,739.58	0.00	0.00	19,375,000.00
M-4	INT	25,000,000.00	25,000,000.00	118,750.00	0.00	118,750.00	0.00	0.00	25,000,000.00
M-5	INT	23,750,000.00	23,750,000.00	113,208.33	0.00	113,208.33	0.00	0.00	23,750,000.00
M-6	INT	13,750,000.00	13,750,000.00	66,114.58	0.00	66,114.58	0.00	0.00	13,750,000.00
B-1	INT	20,000,000.00	20,000,000.00	104,500.00	0.00	104,500.00	0.00	0.00	20,000,000.00
B-2	INT	9,375,000.00	9,375,000.00	53,281.25	0.00	53,281.25	0.00	0.00	9,375,000.00
B-3	INT	15,625,000.00	15,625,000.00	98,567.71	0.00	98,567.71	0.00	0.00	15,625,000.00
B-4	INT	10,625,000.00	10,625,000.00	67,026.04	0.00	67,026.04	0.00	0.00	10,625,000.00
X	INT_EXE	35,628,862.00	35,625,226.92	2,454,796.02	0.00	2,454,796.02	0.00	0.00	35,625,226.92
P	INT_EXE	100.00	100.00	205,572.39	0.00	205,572.39	0.00	0.00	100.00
R	RES_EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	RES_EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,250,007,962.00	1,193,469,588.14	8,004,501.67	15,852,070.52	23,856,572.19	0.00	0.00	1,177,617,517.62
Total





Page 2 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	04/25/07	05/24/07	A-Act/360	617505AA0	320,559,000.00	943.764715	4.286265	20.025258	24.311523	923.739457
A-1	04/25/07	05/24/07	A-Act/360	617505AA0	320,559,000.00	943.764715	4.286265	20.025258	24.311523	923.739457
A-2A	04/25/07	05/24/07	A-Act/360	617505AB8	326,940,000.00	882.216884	3.947921	28.851758	32.799679	853.365125
A-2B	04/25/07	05/24/07	A-Act/360	617505AC6	101,690,000.00	1,000.000000	4.516667	0.000000	4.516667	1,000.000000
A-2C	04/25/07	05/24/07	A-Act/360	617505AD4	135,180,000.00	1,000.000000	4.550000	0.000000	4.550000	1,000.000000
A-2D	04/25/07	05/24/07	A-Act/360	617505AE2	84,385,000.00	1,000.000000	4.616667	0.000000	4.616667	1,000.000000
M-1	04/25/07	05/24/07	A-Act/360	617505AF9	50,000,000.00	1,000.000000	4.650000	0.000000	4.650000	1,000.000000
M-2	04/25/07	05/24/07	A-Act/360	617505AG7	58,125,000.00	1,000.000000	4.658333	0.000000	4.658333	1,000.000000
M-3	04/25/07	05/24/07	A-Act/360	617505AH5	19,375,000.00	1,000.000000	4.683333	0.000000	4.683333	1,000.000000
M-4	04/25/07	05/24/07	A-Act/360	617505AJ1	25,000,000.00	1,000.000000	4.750000	0.000000	4.750000	1,000.000000
M-5	04/25/07	05/24/07	A-Act/360	617505AK8	23,750,000.00	1,000.000000	4.766667	0.000000	4.766667	1,000.000000
M-6	04/25/07	05/24/07	A-Act/360	617505AL6	13,750,000.00	1,000.000000	4.808333	0.000000	4.808333	1,000.000000
B-1	04/25/07	05/24/07	A-Act/360	617505AM4	20,000,000.00	1,000.000000	5.225000	0.000000	5.225000	1,000.000000
B-2	04/25/07	05/24/07	A-Act/360	617505AN2	9,375,000.00	1,000.000000	5.683333	0.000000	5.683333	1,000.000000
B-3	04/25/07	05/24/07	A-Act/360	617505AP7	15,625,000.00	1,000.000000	6.308333	0.000000	6.308333	1,000.000000
B-4	04/25/07	05/24/07	A-Act/360	617505AQ5	10,625,000.00	1,000.000000	6.308333	0.000000	6.308333	1,000.000000
X			35,628,862.00	999.897974	68.899086	0.000000	68.899086	999.897974
P			100.00	1,000.000000	2,055,723.900000	0.000000	2,055,723.900000	1,000.000000
R			0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X			0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


Distribution to Date - REMIC 3
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	320,559,000.00	5,612,699.10	23,843,940.53	602,062.89	24,446,003.41	30,058,702.51	0.00	0.00	296,112,996.59
A-2A	326,940,000.00	5,470,530.18	46,774,549.36	1,166,256.52	47,940,805.89	53,411,336.06	0.00	0.00	278,999,194.11
A-2B	101,690,000.00	1,821,889.33	0.00	0.00	0.00	1,821,889.33	0.00	0.00	101,690,000.00
A-2C	135,180,000.00	2,439,773.70	0.00	0.00	0.00	2,439,773.70	0.00	0.00	135,180,000.00
A-2D	84,385,000.00	1,545,323.76	0.00	0.00	0.00	1,545,323.76	0.00	0.00	84,385,000.00
M-1	50,000,000.00	922,250.00	0.01	0.00	0.00	922,249.91	0.00	0.00	50,000,000.00
M-2	58,125,000.00	1,074,036.99	0.00	0.00	0.00	1,074,036.99	0.00	0.00	58,125,000.00
M-3	19,375,000.00	359,933.68	0.00	0.00	0.00	359,933.68	0.00	0.00	19,375,000.00
M-4	25,000,000.00	471,041.66	0.00	0.00	0.00	471,041.66	0.00	0.00	25,000,000.00
M-5	23,750,000.00	449,059.71	0.00	0.00	0.00	449,059.71	0.00	0.00	23,750,000.00
M-6	13,750,000.00	262,254.50	0.00	0.00	0.00	262,254.50	0.00	0.00	13,750,000.00
B-1	20,000,000.00	414,516.66	0.00	0.00	0.00	414,516.66	0.00	0.00	20,000,000.00
B-2	9,375,000.00	211,348.96	0.00	0.00	0.00	211,348.96	0.00	0.00	9,375,000.00
B-3	15,625,000.00	390,985.25	0.00	0.00	0.00	390,985.25	0.00	0.00	15,625,000.00
B-4	10,625,000.00	265,869.96	0.00	0.00	0.00	265,869.96	0.00	0.00	10,625,000.00
X	35,628,862.00	10,274,990.18	3,546.09	88.98	3,635.08	10,278,625.26	0.00	0.00	35,625,226.92
P	100.00	827,906.82	0.00	0.00	0.00	827,906.82	0.00	0.00	100.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total	1,250,007,962.00	32,814,410.44	70,622,035.99	1,768,408.39	72,390,444.38	105,204,854.72	0.00	0.00	1,177,617,517.62


Interest Detail - REMIC 3
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or

	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	5.45000%	302,532,273.22	1,374,000.74	0.00	0.00	0.00	1,374,000.74	1,374,000.74	0.00
A-2A	5.37000%	288,431,988.00	1,290,733.15	0.00	0.00	0.00	1,290,733.15	1,290,733.15	0.00
A-2B	5.42000%	101,690,000.00	459,299.83	0.00	0.00	0.00	459,299.83	459,299.83	0.00
A-2C	5.46000%	135,180,000.00	615,069.00	0.00	0.00	0.00	615,069.00	615,069.00	0.00
A-2D	5.54000%	84,385,000.00	389,577.42	0.00	0.00	0.00	389,577.42	389,577.42	0.00
M-1	5.58000%	50,000,000.00	232,500.00	0.00	0.00	0.00	232,500.00	232,500.00	0.00
M-2	5.59000%	58,125,000.00	270,765.63	0.00	0.00	0.00	270,765.63	270,765.63	0.00
M-3	5.62000%	19,375,000.00	90,739.58	0.00	0.00	0.00	90,739.58	90,739.58	0.00
M-4	5.70000%	25,000,000.00	118,750.00	0.00	0.00	0.00	118,750.00	118,750.00	0.00
M-5	5.72000%	23,750,000.00	113,208.33	0.00	0.00	0.00	113,208.33	113,208.33	0.00
M-6	5.77000%	13,750,000.00	66,114.58	0.00	0.00	0.00	66,114.58	66,114.58	0.00
B-1	6.27000%	20,000,000.00	104,500.00	0.00	0.00	0.00	104,500.00	104,500.00	0.00
B-2	6.82000%	9,375,000.00	53,281.25	0.00	0.00	0.00	53,281.25	53,281.25	0.00
B-3	7.57000%	15,625,000.00	98,567.71	0.00	0.00	0.00	98,567.71	98,567.71	0.00
B-4	7.57000%	10,625,000.00	67,026.04	0.00	0.00	0.00	67,026.04	67,026.04	0.00
X	82.68734%	35,625,226.92	0.00	0.00	0.00	0.00	0.00	2,454,796.02	0.00
P	2,466,868.68000%	100.00	0.00	0.00	0.00	0.00	0.00	205,572.39	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,193,469,588.14	5,344,133.26	0.00	0.00	0.00	5,344,133.26	8,004,501.67	0.00



Page 4 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	9,432,793.89	6,419,276.63	15,852,070.52
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	9,432,793.89	6,419,276.63	15,852,070.52
Interest Collections	5,221,404.80	2,632,879.60	7,854,284.41
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	81,162.95	124,409.44	205,572.39
Interest Fees	-36,555.16	-18,799.97	-55,355.13
TOTAL NET INTEREST	5,266,012.59	2,738,489.07	8,004,501.67
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	14,698,806.48	9,157,765.70	23,856,572.19




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	295,708.83	143,480.31	439,189.14
Prepayments In Full	9,109,678.55	6,258,777.70	15,368,456.25
Curtailments	27,406.51	17,018.62	44,425.13
Liquidations	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00
Repurchased Principal Amounts	0.00	0.00	0.00
Other Principal	0.00	0.00	0.00
Total Realized Loss Of Principal	-0.00	-0.00	-0.00
Delinquent Principal	-262,372.08	-129,003.62	-391,375.70
Advanced Principal	262,372.08	129,003.62	391,375.70
TOTAL PRINCIPAL COLLECTED	9,432,793.89	6,419,276.63	15,852,070.52




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

	Group 2	Group 1	Total
Closing Deposit	0.00	0.00	0.00
TOTAL OTHER ACCOUNTS PRINCIPAL	0.00	0.00	0.00






Page 5 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	5,520,072.40	2,780,098.37	8,300,170.77
Liquidation Interest	0.00	0.00	0.00
Repurchased Interest	0.00	0.00	0.00
Insurance Interest	0.00	0.00	0.00
Other Interest	0.00	0.00	0.00
Relief Act Interest Shortfalls	-0.00	-0.00	-0.00
Prepayment Interest Shortfalls	-6,529.06	-5,792.82	-12,321.88
Compensating Interest	6,529.07	5,792.83	12,321.89
Delinquent Interest	-4,965,018.36	-2,485,861.37	-7,450,879.73
Interest Advanced	4,666,350.76	2,338,642.60	7,004,993.36
Interest Loss	-0.00	-0.00	-0.00
TOTAL INTEREST COLLECTED	5,221,404.80	2,632,879.60	7,854,284.41




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Nonrecoverable Advances	0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS	0.00	0.00	0.00




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 2	Group 1	Total
Prepayment Charges	81,162.95	124,409.44	205,572.39
Net Interest Rate Swap Receipt			0.00
Net Interest Rate Swap Payment			0.00
Swap Termination Payments			0.00
Defaulted Swap Termination Payments			0.00
Cap Payment			0.00
TOTAL INTEREST OTHER ACCOUNTS	81,162.95	124,409.44	205,572.39




INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	34,161.54	17,613.18	51,774.72
Current Trustee Fees	2,393.62	1,186.79	3,580.41
TOTAL INTEREST OTHER FEES	36,555.16	18,799.97	55,355.13



Page 6 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

RESERVE ACCOUNT

Beginning Balance

0.00

Fund Deposits

0.00

Fees & Expenses

0.00

Fund Withdrawals

0.00

Ending Account Balance

0.00

SWAP ACCOUNT

Beginning Balance

0.00

Fund Deposits

0.00

Fees & Expenses

0.00

Fund Withdrawals

0.00

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Specified Subordinated Target Amount

35,625,226.92

Subordinated Amount

35,625,226.92

Subordinated Deficiency Amount

0.00

Subordinated Release Amount

0.00

Monthly Excess Spread

2,454,796.02

Page 7 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	4,134	2,412	6,546
Prior	3,977	2,329	6,306
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-45	-38	-83
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	3,932	2,291	6,223
Principal Balance:


Original	836,382,226.85	413,622,062.08	1,250,004,288.93
Prior	797,872,928.60	395,596,659.54	1,193,469,588.14
Prefunding	0.00	0.00	0.00
Scheduled Principal	-295,708.83	-143,480.31	-439,189.14
Partial Prepayments	-27,406.51	-17,018.62	-44,425.13
Full Voluntary Prepayments	-9,109,678.55	-6,258,777.70	-15,368,456.25
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	788,440,134.71	389,177,382.91	1,177,617,517.62





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 8 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.32595%	8.44721%	8.36607%
Weighted Average Coupon Prior	8.31124%	8.43672%	8.35280%
Weighted Average Coupon Current	8.30218%	8.43313%	8.34559%
Weighted Average Months to Maturity Original	354	353	354
Weighted Average Months to Maturity Prior	352	351	352
Weighted Average Months to Maturity Current	351	350	351
Weighted Avg Remaining Amortization Term Original	407	411	408
Weighted Avg Remaining Amortization Term Prior	404	409	406
Weighted Avg Remaining Amortization Term Current	404	408	405
Weighted Average Seasoning Original	4.81	4.78	4.80
Weighted Average Seasoning Prior	6.81	6.78	6.80
Weighted Average Seasoning Current	7.81	7.78	7.80

Page 9 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Margin Original	6.18565%	6.23819%	6.20305%
Weighted Average Margin Prior	6.18276%	6.23969%	6.20159%
Weighted Average Margin Current	6.18077%	6.23762%	6.19956%
Weighted Average Max Rate Original	15.14706%	15.42747%	15.23993%
Weighted Average Max Rate Prior	15.13084%	15.41270%	15.22408%
Weighted Average Max Rate Current	15.11880%	15.40767%	15.21428%
Weighted Average Min Rate Original	8.15329%	8.43060%	8.24514%
Weighted Average Min Rate Prior	8.13703%	8.41594%	8.22929%
Weighted Average Min Rate Current	8.12509%	8.41096%	8.21958%
Weighted Average Cap Up Original	1.49754%	1.49877%	1.49795%
Weighted Average Cap Up Prior	1.49759%	1.49873%	1.49797%
Weighted Average Cap Up Current	1.49767%	1.49871%	1.49801%
Weighted Average Cap Down Original	1.49754%	1.49877%	1.49795%
Weighted Average Cap Down Prior	1.49759%	1.49873%	1.49797%
Weighted Average Cap Down Current	1.49767%	1.49871%	1.49801%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	34,161.54	17,613.18	51,774.72
Delinquent Servicing Fees	298,268.07	147,218.76	445,486.83
TOTAL SERVICING FEES	332,429.61	164,831.95	497,261.56


Compensating Interest	-6,529.07	-5,792.83	-12,321.89
Delinquent Servicing Fees	-298,268.07	-147,218.76	-445,486.83
COLLECTED SERVICING FEES	27,632.48	11,820.35	39,452.84


Total Advanced Interest	4,666,350.76	2,338,642.60	7,004,993.36
Total Advanced Principal	262,372.08	129,003.62	391,375.70
Aggregate Advances with respect to this Distribution	4,928,722.84	2,467,646.22	7,396,369.06





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Net Prepayment Interest Shortfall	0.00	0.00	0.00
Pool Factor	94.126395%	93.950813%	94.208800%





Page 10 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Delinquency Report


TOTAL	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		45,227,562.16	26,736,455.25	13,401,484.63	14,169,570.52	4,119,198.39	0.00	0.00	0.00	103,654,270.95
		3.84%	2.27%	1.14%	1.20%	0.35%	0.00%	0.00%	0.00%	8.80%
		222	121	75	68	25	0	0	0	511
		3.57%	1.94%	1.21%	1.09%	0.40%	0.00%	0.00%	0.00%	8.21%
FORECLOSURE Balance % Balance # Loans % # Loans
	182,509.46	0.00	4,523,925.63	6,646,035.27	3,998,292.95	1,325,189.96	0.00	0.00	0.00	16,675,953.27
	0.02%	0.00%	0.38%	0.56%	0.34%	0.11%	0.00%	0.00%	0.00%	1.42%
	1	0	11	21	14	4	0	0	0	51
	0.02%	0.00%	0.18%	0.34%	0.22%	0.06%	0.00%	0.00%	0.00%	0.82%
BANKRUPTCY Balance % Balance # Loans % # Loans
	305,132.50	69,291.57	647,128.34	140,948.54	277,259.39	187,592.09	0.00	0.00	0.00	1,627,352.43
	0.03%	0.01%	0.05%	0.01%	0.02%	0.02%	0.00%	0.00%	0.00%	0.14%
	4	1	2	2	2	2	0	0	0	13
	0.06%	0.02%	0.03%	0.03%	0.03%	0.03%	0.00%	0.00%	0.00%	0.21%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	487,641.96	45,296,853.73	31,907,509.22	20,188,468.44	18,445,122.86	5,631,980.44	0.00	0.00	0.00	121,957,576.65
	0.04%	3.85%	2.71%	1.71%	1.57%	0.48%	0.00%	0.00%	0.00%	10.36%
	5	223	134	98	84	31	0	0	0	575
	0.08%	3.58%	2.15%	1.57%	1.35%	0.50%	0.00%	0.00%	0.00%	9.24%

Page 11 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution



GROUP 1	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		14,298,079.04	7,319,758.42	3,530,746.30	2,388,506.72	678,717.23	0.00	0.00	0.00	28,215,807.71
		3.67%	1.88%	0.91%	0.61%	0.17%	0.00%	0.00%	0.00%	7.25%
		74	38	26	15	7	0	0	0	160
		3.23%	1.66%	1.13%	0.65%	0.31%	0.00%	0.00%	0.00%	6.98%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	698,849.29	1,493,423.87	1,202,341.17	777,846.46	0.00	0.00	0.00	4,172,460.79
	0.00%	0.00%	0.18%	0.38%	0.31%	0.20%	0.00%	0.00%	0.00%	1.07%
	0	0	3	7	5	2	0	0	0	17
	0.00%	0.00%	0.13%	0.31%	0.22%	0.09%	0.00%	0.00%	0.00%	0.74%
BANKRUPTCY Balance % Balance # Loans % # Loans
	16,818.63	0.00	0.00	66,897.47	277,259.39	125,554.37	0.00	0.00	0.00	486,529.86
	0.00%	0.00%	0.00%	0.02%	0.07%	0.03%	0.00%	0.00%	0.00%	0.13%
	1	0	0	1	2	1	0	0	0	5
	0.04%	0.00%	0.00%	0.04%	0.09%	0.04%	0.00%	0.00%	0.00%	0.22%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	16,818.63	14,298,079.04	8,018,607.71	5,091,067.64	3,868,107.28	1,582,118.06	0.00	0.00	0.00	32,874,798.36
	0.00%	3.67%	2.06%	1.31%	0.99%	0.41%	0.00%	0.00%	0.00%	8.45%
	1	74	41	34	22	10	0	0	0	182
	0.04%	3.23%	1.79%	1.48%	0.96%	0.44%	0.00%	0.00%	0.00%	7.94%

Page 12 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution



GROUP 2	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	151-180 Days	181-210 Days	211-240 Days	240+ Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		30,929,483.12	19,416,696.83	9,870,738.33	11,781,063.80	3,440,481.16	0.00	0.00	0.00	75,438,463.24
		3.92%	2.46%	1.25%	1.49%	0.44%	0.00%	0.00%	0.00%	9.57%
		148	83	49	53	18	0	0	0	351
		3.76%	2.11%	1.25%	1.35%	0.46%	0.00%	0.00%	0.00%	8.93%
FORECLOSURE Balance % Balance # Loans % # Loans
	182,509.46	0.00	3,825,076.34	5,152,611.40	2,795,951.78	547,343.50	0.00	0.00	0.00	12,503,492.48
	0.02%	0.00%	0.49%	0.65%	0.35%	0.07%	0.00%	0.00%	0.00%	1.59%
	1	0	8	14	9	2	0	0	0	34
	0.03%	0.00%	0.20%	0.36%	0.23%	0.05%	0.00%	0.00%	0.00%	0.86%
BANKRUPTCY Balance % Balance # Loans % # Loans
	288,313.87	69,291.57	647,128.34	74,051.07	0.00	62,037.72	0.00	0.00	0.00	1,140,822.57
	0.04%	0.01%	0.08%	0.01%	0.00%	0.01%	0.00%	0.00%	0.00%	0.14%
	3	1	2	1	0	1	0	0	0	8
	0.08%	0.03%	0.05%	0.03%	0.00%	0.03%	0.00%	0.00%	0.00%	0.20%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	470,823.33	30,998,774.69	23,888,901.51	15,097,400.80	14,577,015.58	4,049,862.38	0.00	0.00	0.00	89,082,778.29
	0.06%	3.93%	3.03%	1.91%	1.85%	0.51%	0.00%	0.00%	0.00%	11.30%
	4	149	93	64	62	21	0	0	0	393
	0.10%	3.79%	2.37%	1.63%	1.58%	0.53%	0.00%	0.00%	0.00%	9.99%

Page 13 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 14 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Foreclosure Report
Loan Number	Original	Stated		Current	State &		First
Loan Number	Original	Stated		Current	State &		First
&	Principal	Principal	Paid to	Note	LTV at	Original	Payment
Loan Group	Balance	Balance	Date	Rate	Origination	Term	Date
					Origination

Became Foreclosure Property this Period:
1008333029 2	500,000.00	497,411.26	01-Nov-2006	9.425%	FL - 58.82%	360	01-Aug-2006
1008424467 2	128,250.00	127,596.16	01-Oct-2006	9.500%	MI - 95.00%	360	01-Aug-2006
1008534963 1	387,000.00	386,210.33	01-Dec-2006	8.900%	NY - 90.00%	360	01-Sep-2006
1008724972 1	103,500.00	103,499.95	01-Jan-2007	10.175%	FL - 90.00%	360	01-Sep-2006
1008835479 2	460,000.00	460,000.00	01-Nov-2006	7.875%	NY - 80.00%	360	01-Oct-2006
1008908408 2	188,000.00	187,616.76	01-Dec-2006	8.013%	FL - 80.00%	360	01-Nov-2006
1008946778 2	256,000.00	255,442.23	01-Jan-2007	8.675%	CA - 80.00%	360	01-Sep-2006
1008972739 2	414,000.00	411,992.62	01-Jan-2007	8.620%	FL - 90.00%	360	01-Oct-2006
1008987206 2	220,150.00	219,813.26	01-Dec-2006	9.000%	WA - 85.00%	360	01-Nov-2006
1009137908 1	123,200.00	122,907.32	01-Nov-2006	7.475%	FL - 80.00%	360	01-Nov-2006
1009166289 1	183,200.00	182,939.70	01-Nov-2006	9.250%	FL - 80.00%	360	01-Nov-2006
1009174733 1	497,600.00	496,546.89	01-Oct-2006	8.775%	HI - 80.00%	360	01-Sep-2006
1009319891 2	117,000.00	116,750.07	01-Dec-2006	8.325%	GA - 90.00%	360	01-Oct-2006
1009375623 2	432,000.00	431,116.30	01-Jan-2007	8.475%	CA - 80.00%	360	01-Oct-2006
1009377863 1	383,600.00	382,916.99	01-Nov-2006	8.950%	CA - 80.76%	360	01-Oct-2006
1009393658 1	108,000.00	107,352.55	01-Dec-2006	8.900%	WI - 75.00%	360	01-Oct-2006
1009440410 2	565,250.00	564,236.11	01-Jan-2007	8.925%	CA - 85.00%	360	01-Oct-2006
1009470119 1	280,000.00	280,000.00	01-Nov-2006	8.825%	CA - 80.00%	360	01-Oct-2006
1009486585 2	205,855.00	205,854.97	01-Dec-2006	5.825%	CA - 80.00%	360	01-Oct-2006
1009498885 2	664,000.00	661,709.00	01-Jan-2007	6.625%	CA - 80.00%	360	01-Oct-2006
1009516106 2	665,000.00	665,000.00	01-Dec-2006	8.375%	FL - 89.86%	360	01-Nov-2006
1009528059 2	712,000.00	711,999.97	01-Dec-2006	6.925%	CA - 94.93%	360	01-Oct-2006
1009546226 1	234,000.00	233,577.16	01-Nov-2006	8.900%	OR - 90.00%	360	01-Oct-2006
1009549090 1	246,500.00	246,153.90	01-Jan-2007	9.750%	CA - 83.56%	360	01-Oct-2006
1009569683 1	195,500.00	194,898.54	01-Dec-2006	10.150%	IA - 85.00%	360	01-Nov-2006
1009570243 2	667,000.00	665,395.25	01-Nov-2006	7.430%	CA - 83.38%	360	01-Nov-2006
1009586209 2	680,000.00	676,993.97	01-Dec-2006	8.400%	FL - 85.00%	360	01-Nov-2006
1009611903 2	350,400.00	349,818.00	01-Dec-2006	9.200%	VA - 80.00%	360	01-Oct-2006
1009673837 1	351,500.00	349,195.44	01-Jan-2007	6.400%	CA - 95.00%	360	01-Nov-2006
1009678084 1	76,000.00	75,921.27	01-Dec-2006	10.350%	MI - 80.00%	360	01-Nov-2006
1009679092 2	500,000.00	498,969.79	01-Jan-2007	8.450%	CA - 74.07%	360	01-Oct-2006
1009680464 1	282,000.00	281,299.57	01-Oct-2006	7.800%	CA - 88.13%	360	01-Oct-2006
1009697946 1	158,100.00	157,548.25	01-Dec-2006	9.550%	FL - 85.00%	360	01-Nov-2006
1009746091 1	335,750.00	335,186.35	01-Dec-2006	9.150%	CA - 85.00%	360	01-Oct-2006
1009758210 2	88,400.00	88,060.47	01-Nov-2006	9.750%	OK - 85.00%	360	01-Oct-2006
1009781907 2	267,300.00	267,300.00	01-Dec-2006	8.450%	FL - 89.40%	360	01-Oct-2006
1009783889 2	750,000.00	749,102.68	01-Jan-2007	9.825%	CA - 72.46%	360	01-Nov-2006
1009788465 2	114,750.00	114,336.88	01-Nov-2006	9.400%	FL - 85.00%	360	01-Nov-2006
1009793690 2	63,000.00	62,809.29	01-Nov-2006	10.875%	IN - 90.00%	360	01-Oct-2006
1009797286 1	237,500.00	236,306.58	01-Dec-2006	8.925%	MA - 70.37%	360	01-Oct-2006
1009837956 2	640,240.00	640,240.00	01-Dec-2006	8.250%	FL - 80.00%	360	01-Nov-2006
1009854650 2	420,800.00	419,747.34	01-Oct-2006	7.775%	CA - 80.00%	360	01-Oct-2006
1009897061 2	248,000.00	246,952.69	01-Dec-2006	8.625%	CA - 80.00%	360	01-Nov-2006
1009897061 2	248,000.00			8.625%	CA - 80.00%


Page 15 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Loan Number	Original	Stated		Current	State &		First
&	Principal	Principal	Paid to	Note	LTV at	Original	Payment
Loan Group	Balance	Balance	Date	Rate	Origination	Term	Date
					Origination
1009911090 2
1009911090 2	420,000.00	418,965.20	01-Dec-2006	8.475%	CA - 80.00%	360	01-Nov-2006

1009913409 2	52,200.00	52,007.07	01-Nov-2006	9.275%	IN - 90.00%	360	01-Nov-2006
1009919332 2	182,720.00	182,509.46	01-May-2007	9.950%	WA - 84.99%	360	01-Nov-2006
1009946455 2	675,000.00	674,331.56	01-Nov-2006	10.450%	NY - 90.00%	360	01-Nov-2006
1010001570 2	252,800.00	252,507.61	01-Jan-2007	9.938%	AK - 80.00%	360	01-Nov-2006
1010011042 2	280,000.00	279,482.17	01-Dec-2006	8.350%	MA - 64.22%	360	01-Nov-2006
1010048904 2	181,600.00	181,600.00	01-Nov-2006	8.825%	TX - 80.00%	360	01-Nov-2006
1010077187 2	166,125.00	165,824.34	01-Dec-2006	8.425%	GA - 75.00%	360	01-Nov-2006


TOTAL	16,710,790.00	16,675,953.27
TOTAL


Page 16 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	45	38	83
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	45	38	83
Curtailments Amount	27,406.51	17,018.62	44,425.13
Paid in Full Balance	9,109,678.55	6,258,777.70	15,368,456.25
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	9,137,085.06	6,275,796.32	15,412,881.38
Cumulative


Number of Paid in Full Loans	201	121	322
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	201	121	322
Paid in Full Balance	46,294,411.19	23,686,140.24	69,980,551.43
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	258,624.04	179,594.64	438,218.68
Total Prepayment Amount	46,553,035.23	23,865,734.88	70,418,770.11

Page 17 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.15%	1.59%	1.29%
3 Months Avg SMM	1.45%	1.47%	1.45%
12 Months Avg SMM	1.43%	1.48%	1.44%
Avg SMM Since Cut-off	1.43%	1.48%	1.44%



CPR	12.91%	17.47%	14.45%
3 Months Avg CPR	16.05%	16.24%	16.11%
12 Months Avg CPR	15.86%	16.34%	16.02%
Avg CPR Since Cut-off	15.86%	16.34%	16.02%



PSA	826.71%	1,121.94%	925.94%
3 Months Avg PSA Approximation	1,178.39%	1,197.21%	1,184.60%
12 Months Avg PSA Approximation	1,256.85%	1,300.73%	1,271.34%
Avg PSA Since Cut-off Approximation	1,256.85%	1,300.73%	1,271.34%

Page 18 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.20%*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.20%*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 19 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &	Type Prepayment	First


&	Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1007029084 1		27,000.00	26,657.76	19-Apr-2007	11.300%	MA - 20.00%	Paid Off - 360	01-Jun-2006
1007029084 1		27,000.00	26,657.76	19-Apr-2007	11.300%	MA - 20.00%	Paid Off - 360	01-Jun-2006
1007111421 1		57,726.00	57,377.84	23-Apr-2007	9.425%	OH - 90.00%	Paid Off - 360	01-Jun-2006
1007357013 1		39,000.00	38,866.15	11-May-2007	11.850%	MD - 20.00%	Paid Off - 360	01-Jun-2006
1007559929 1		22,000.00	21,932.62	08-May-2007	11.900%	PA - 20.00%	Paid Off - 360	01-Jul-2006
1007607306 2		21,400.00	21,319.24	07-May-2007	11.400%	AZ - 20.00%	Paid Off - 360	01-Jun-2006
1007920949 1		15,000.00	14,949.96	25-Apr-2007	12.950%	IL - 20.00%	Paid Off - 360	01-Jul-2006
1007954396 2		72,200.00	71,857.76	17-Apr-2007	9.850%	MA - 20.00%	Paid Off - 360	01-Jul-2006
1008174897 1		26,600.00	26,533.90	15-May-2007	12.850%	IL - 20.00%	Paid Off - 360	01-Jul-2006
1008553638 2		152,600.00	152,134.25	04-May-2007	7.500%	NJ - 70.00%	Paid Off - 360	01-Aug-2006
1008668006 1		246,500.00	245,350.02	01-May-2007	9.400%	FL - 85.00%	Paid Off - 360	01-Aug-2006
1008719354 2		239,920.00	238,906.79	24-Apr-2007	8.625%	NJ - 80.00%	Paid Off - 360	01-Oct-2006
1008831874 2		540,000.00	534,539.93	17-Apr-2007	8.525%	WA - 79.30%	Paid Off - 360	01-Sep-2006
1008861920 2		170,000.00	168,967.78	01-May-2007	7.500%	NJ - 73.91%	Paid Off - 360	01-Sep-2006
1009066887 2		270,000.00	268,896.16	07-May-2007	9.450%	MD - 81.82%	Paid Off - 360	01-Sep-2006
1009077125 1		123,500.00	123,308.24	30-Apr-2007	8.950%	PA - 65.00%	Paid Off - 360	01-Oct-2006
1009088863 1		60,000.00	59,856.02	25-Apr-2007	11.325%	MO - 52.17%	Paid Off - 360	01-Oct-2006
1009118803 2		165,000.00	164,055.23	24-Apr-2007	8.050%	NJ - 71.43%	Paid Off - 360	01-Sep-2006
1009138471 1		200,000.00	199,755.25	26-Apr-2007	9.750%	VA - 74.91%	Paid Off - 360	01-Oct-2006
1009150303 1		44,600.00	44,488.30	23-Apr-2007	11.750%	CO - 19.91%	Paid Off - 360	01-Sep-2006
1009159028 1		225,000.00	224,562.27	01-May-2007	8.175%	FL - 50.56%	Paid Off - 360	01-Oct-2006
1009197950 2		85,500.00	85,324.59	17-Apr-2007	7.990%	NM - 90.00%	Paid Off - 360	01-Oct-2006
1009328612 2		195,000.00	194,612.31	23-Apr-2007	8.100%	UT - 78.00%	Paid Off - 360	01-Oct-2006
1009340162 2		234,000.00	233,120.80	01-May-2007	9.800%	WA - 66.86%	Paid Off - 360	01-Oct-2006
1009340233 1		350,000.00	350,000.00	16-Apr-2007	7.500%	CA - 72.92%	Paid Off - 360	01-Oct-2006
1009341456 2		166,950.00	166,632.16	01-May-2007	8.250%	UT - 90.00%	Paid Off - 360	01-Oct-2006
1009441696 1		63,000.00	61,901.65	01-May-2007	9.925%	FL - 19.38%	Paid Off - 180	01-Oct-2006
1009479922 2		119,000.00	118,456.38	09-May-2007	7.450%	MI - 70.00%	Paid Off - 360	01-Nov-2006
1009492514 2		83,400.00	83,194.92	30-Apr-2007	11.200%	WI - 20.00%	Paid Off - 360	01-Oct-2006
1009519345 2		220,000.00	219,509.66	09-May-2007	7.700%	MD - 62.86%	Paid Off - 360	01-Oct-2006
1009523125 1		117,000.00	116,722.00	19-Apr-2007	7.475%	FL - 55.71%	Paid Off - 360	01-Oct-2006
1009524384 2		200,000.00	199,589.63	19-Apr-2007	7.990%	RI - 80.00%	Paid Off - 360	01-Oct-2006
1009525472 2		50,000.00	49,863.91	19-Apr-2007	11.700%	RI - 20.00%	Paid Off - 360	01-Oct-2006
1009532687 1		90,950.00	90,674.66	15-May-2007	10.225%	SC - 85.00%	Paid Off - 360	01-Oct-2006
1009540222 2		105,000.00	105,000.00	01-May-2007	8.125%	PA - 38.60%	Paid Off - 360	01-Oct-2006
1009551638 2		68,000.00	67,770.23	17-Apr-2007	8.950%	NM - 80.00%	Paid Off - 360	01-Nov-2006
1009561217 1		262,000.00	261,540.75	19-Apr-2007	7.990%	NY - 58.22%	Paid Off - 360	01-Nov-2006
1009571108 2		108,000.00	107,800.37	17-Apr-2007	12.500%	CA - 20.00%	Paid Off - 360	01-Oct-2006
1009604742 2		100,000.00	99,881.27	01-May-2007	9.850%	AZ - 49.75%	Paid Off - 360	01-Oct-2006
1009612074 1		225,000.00	224,724.67	19-Apr-2007	9.750%	NY - 90.00%	Paid Off - 360	01-Oct-2006
1009637164 2		578,000.00	578,000.00	15-May-2007	7.425%	NJ - 57.80%	Paid Off - 360	01-Oct-2006


Page 20 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &	Type Prepayment	First


&	Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1009638555 2		900,000.00	900,000.00	03-May-2007	8.990%	CA - 80.00%	Paid Off - 360	01-Oct-2006
1009638555 2		900,000.00	900,000.00	03-May-2007	8.990%	CA - 80.00%	Paid Off - 360	01-Oct-2006
1009657007 1		203,000.00	202,999.95	10-May-2007	7.713%	FL - 67.67%	Paid Off - 360	01-Nov-2006
1009657846 1		114,000.00	113,745.88	08-May-2007	7.700%	CA - 51.82%	Paid Off - 360	01-Oct-2006
1009678048 1		407,700.00	406,547.43	18-Apr-2007	9.800%	MA - 90.00%	Paid Off - 360	01-Nov-2006
1009682845 2		87,750.00	87,665.17	02-May-2007	10.530%	IL - 65.00%	Paid Off - 360	01-Oct-2006
1009697713 1		194,000.00	193,643.78	26-Apr-2007	8.375%	VA - 48.62%	Paid Off - 360	01-Oct-2006
1009719842 2		260,000.00	259,008.24	02-May-2007	8.350%	MA - 75.36%	Paid Off - 360	01-Nov-2006
1009720821 1		164,250.00	164,249.94	08-May-2007	9.750%	ND - 90.00%	Paid Off - 360	01-Oct-2006
1009723285 1		119,000.00	118,652.81	19-Apr-2007	9.650%	IL - 70.00%	Paid Off - 360	01-Nov-2006
1009725390 2		77,000.00	76,825.06	19-Apr-2007	7.075%	FL - 35.98%	Paid Off - 360	01-Nov-2006
1009745396 1		251,750.00	250,943.29	10-May-2007	9.200%	IL - 95.00%	Paid Off - 360	01-Nov-2006
1009748428 1		279,800.00	279,226.89	15-May-2007	7.450%	NY - 72.68%	Paid Off - 360	01-Nov-2006
1009748525 1		108,000.00	107,736.50	14-May-2007	8.590%	MA - 76.60%	Paid Off - 360	01-Nov-2006
1009763838 2		90,000.00	89,699.40	15-May-2007	9.000%	WI - 74.38%	Paid Off - 360	01-Nov-2006
1009779304 1		304,200.00	303,641.03	08-May-2007	9.075%	MD - 90.00%	Paid Off - 360	01-Oct-2006
1009788063 1		334,000.00	333,276.69	02-May-2007	8.350%	CA - 74.39%	Paid Off - 360	01-Oct-2006
1009789865 1		100,000.00	98,863.95	26-Apr-2007	8.425%	CA - 48.54%	Paid Off - 360	01-Nov-2006
1009790808 1		380,000.00	377,900.48	03-May-2007	6.650%	CA - 57.14%	Paid Off - 360	01-Nov-2006
1009792593 2		108,800.00	108,581.41	09-May-2007	8.075%	OH - 80.00%	Paid Off - 360	01-Oct-2006
1009803135 2		141,000.00	140,752.84	30-Apr-2007	7.990%	MD - 68.78%	Paid Off - 360	01-Nov-2006
1009804045 2		180,000.00	179,591.12	25-Apr-2007	7.075%	NJ - 54.55%	Paid Off - 360	01-Nov-2006
1009808871 2		167,500.00	167,190.60	01-May-2007	8.800%	MD - 77.55%	Paid Off - 360	01-Nov-2006
1009810421 2		540,000.00	538,832.10	27-Apr-2007	7.250%	CA - 75.00%	Paid Off - 360	01-Nov-2006
1009816728 2		236,000.00	235,178.78	24-Apr-2007	8.800%	PA - 80.00%	Paid Off - 360	01-Nov-2006
1009826824 1		125,000.00	124,801.07	25-Apr-2007	8.325%	CA - 19.84%	Paid Off - 360	01-Nov-2006
1009832149 2		132,000.00	131,531.13	08-May-2007	8.700%	TX - 80.00%	Paid Off - 360	01-Nov-2006
1009863962 2		364,500.00	364,500.00	30-Apr-2007	8.575%	CA - 80.00%	Paid Off - 360	01-Nov-2006
1009864408 2		91,125.00	90,981.38	30-Apr-2007	12.500%	CA - 20.00%	Paid Off - 360	01-Nov-2006
1009882282 2		252,000.00	251,607.69	30-Apr-2007	8.400%	AZ - 70.00%	Paid Off - 360	01-Nov-2006
1009884921 1		210,000.00	209,207.08	15-May-2007	8.400%	NY - 42.00%	Paid Off - 360	01-Nov-2006
1009898499 2		168,000.00	167,352.66	26-Apr-2007	8.300%	ME - 78.14%	Paid Off - 360	01-Nov-2006
1009899425 2		170,000.00	169,139.09	20-Apr-2007	6.925%	FL - 57.24%	Paid Off - 360	01-Nov-2006
1009904151 1		122,000.00	121,792.83	30-Apr-2007	8.100%	CA - 72.84%	Paid Off - 360	01-Nov-2006
1009930836 1		105,600.00	105,219.12	30-Apr-2007	8.625%	MI - 80.00%	Paid Off - 360	01-Nov-2006
1009944493 2		70,000.00	69,788.12	27-Apr-2007	9.475%	FL - 37.04%	Paid Off - 360	01-Nov-2006
1010012201 2		225,000.00	223,888.04	30-Apr-2007	7.050%	FL - 73.29%	Paid Off - 360	01-Nov-2006
1010016065 1		176,000.00	176,000.00	27-Apr-2007	8.125%	CA - 58.28%	Paid Off - 360	01-Nov-2006
1010040476 1		299,250.00	298,726.96	08-May-2007	8.000%	CA - 95.00%	Paid Off - 360	01-Nov-2006
1010069944 2		300,000.00	299,577.26	01-May-2007	8.750%	VA - 75.00%	Paid Off - 360	01-Nov-2006
1010109018 2		296,000.00	295,542.99	09-May-2007	8.438%	WA - 80.00%	Paid Off - 360	01-Nov-2006
1010112549 2		243,000.00	242,054.15	14-May-2007	8.250%	NJ - 51.16%	Paid Off - 360	01-Nov-2006
1010112718 2		91,200.00	90,957.95	01-May-2007	10.100%	IN - 80.00%	Paid Off - 360	01-Nov-2006
1010112718 2			90,957.95		10.100%	IN - 80.00%	Paid Off - 360

Page 21 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

1010152247 1

82,400.00

82,399.96

04-May-2007

7.175%

IL - 80.00%

Paid Off - 360

01-Nov-2006

TOTAL

15,409,671.00

15,368,456.25

Page 22 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



	Group 2	Group 1	Total


Current





Subsequent Recoveries	0.00	0.00	0.00
Number of Loans Liquidated	0	0	0
Collateral Principal Realized Loss/(Gain) Amount	0.00	0.00	0.00
Collateral Interest Realized Loss/(Gain) Amount	0.00	0.00	0.00
Net Liquidation Proceeds	0.00	0.00	0.00
Subsequent Recoveries	0.00	0.00	0.00
Cumulative
Cumulative



Number of Loans Liquidated	1	0	1
Collateral Realized Loss/(Gain) Amount	0.00	0.00	0.00
Net Liquidation Proceeds	199,592.82	0.00	199,592.82
Cummulative Subsequent Recoveries	1,625.85	0.00	1,625.85

Page 23 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution


DEFAULT SPEEDS

	Group 2	Group 1	Total




MDR	0.00%	0.00%	0.00%
3 Months Avg MDR	0.01%	0.00%	0.01%
12 Months Avg MDR	0.01%	0.00%	0.00%
Avg MDR Since Cut-off	0.01%	0.00%	0.00%


CDR	0.00%	0.00%	0.00%
3 Months Avg CDR	0.10%	0.00%	0.07%
12 Months Avg CDR	0.07%	0.00%	0.05%
Avg CDR Since Cut-off	0.07%	0.00%	0.05%


SDA	0.00%	0.00%	0.00%
3 Months Avg SDA Approximation	72.23%	0.00%	48.37%
12 Months Avg SDA Approximation	58.46%	0.00%	39.15%
Avg SDA Since Cut-off Approximation	58.45%	0.00%	39.13%


Loss Severity Approximation for Current Period	0.00%	0.00%	0.00%
3 Months Avg Loss Severity Approximation	0.00%	0.00%	0.00%
12 Months Avg Loss Severity Approximation	0.00%	0.00%	0.00%
Avg Loss Severity Approximation Since Cut-off	0.00%	0.00%	0.00%

Page 24 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)^12)

SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02%,MAX(0.03%,MIN(30,WAS)*0.02%-0.0095%*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02%,MAX(0.03%,MIN(30,Avg WASn,m)*0.02%-0.0095%*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.

Dates correspond to distribution dates.

Page 25 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 26 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1

Mortgage Pass-Through Certificates

May 25, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date has occurred

Distribution Date Feb 2010

Credit Enhancement Percentage (For Stepdown Date )

23.8830%

Applicable Percentage

45.0000%

Trigger Event in Effect

Rolling 60+ days balance includes BK,FC,REO

51,035,517.15

Ending Balance

1,177,617,517.62

Delinquency Percentage

4.3338%

Prior Balance of X and Mezzanine

281,250,226.92

Prior Pool Balance

797,872,928.60

395,596,659.54

1,193,469,588.14

Prior Senior Credit Enhancement Percentage

23.5658%

Applicable % of Prior Senior Credit Enhancment %

35.5500%

Cumulative Realized Loss

0.00

Realized Loss Percentage

0.0000%

Applicable Percentage

100.0000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Libor For Current Period

5.320000%

Libor Rate Determination Date

04/23/2007

Libor For Next Period

0.000000%

Libor Rate Next Determination Date

05/23/2007

Interest Rate Swap Floating

5.320000%

Swap Rate Determination Date

04/23/2007

Interest Rate Swap Fixed Rate

5.150000%

Page 27 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		NET WAC Shortfall Prior (1)	Int on Prior SF (2)	Curr NET WAC SF (3)	Total NET WAC SF (1+2+3)	NET WAC Shortfall Paid	NET WAC Shortfall UnPaid


CLASS
	A-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2A	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2C	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2D	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-5	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-6	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	B-4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00




Page 28 of 29

Morgan Stanley ABS Capital I Inc. Series 2007-NC1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2007 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 2	Group 1	Total
Current Scheduled Payments	5,815,781.23	2,923,578.68	8,739,359.91
Current Scheduled Payments 1 Month Prior	5,915,705.36	2,969,958.09	8,885,663.44
Current Scheduled Payments 2 Month Prior	5,932,499.53	2,970,831.59	9,023,714.47
Current Scheduled Payments 3 Month Prior	5,946,128.15	2,974,491.70	9,159,512.27
Current Scheduled Payments 4 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 5 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 6 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 7 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 8 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 9 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 10 Month Prior	4,453,761.97	2,263,027.34	0.00
Current Scheduled Payments 11 Month Prior	4,453,761.97	2,263,027.34	0.00





Sched. Payments for 60+Day Delinquent Loans	837,519.10	837,519.10	590,284.51
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior	788,233.92	788,233.92	367,979.39
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior	758,507.64	758,507.64	232,703.23
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior	729,107.73	729,107.73	59,653.46
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior	0.00	0.00	0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior	0.00	0.00	0.00





Page 29 of 29

Morgan Stanley ABS Capital I Inc. Trust 2007-NC1 10-D