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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)/1/
New Century Financial Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
64352 D 10 1
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-(c)
[X] Rule 13d-1(d)
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/1/The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5
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CUSIP NO. 64352 D 10 1 13G PAGE 2 OF 5 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brad A. Morrice
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
Not applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
NUMBER OF 1,379,041
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,309,272
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,379,041
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
Not applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.4%
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TYPE OF REPORTING PERSON*
12.
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 64352 D 10 1 13G PAGE 3 OF 5 PAGES
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Item 1(a). Name of Issuer:
New Century Financial Corporation
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Item 1(b). Address of Issuer's Principal Executive Offices:
18400 Von Karman, Suite 1000,
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Irvine, CA 92612
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Item 2(a). Name of Person Filing:
Edward F. Gotschall
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Item 2(b). Address of Principal Business Offices or, if None, Residence:
18400 Von Karman, Suite 1000,
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Irvine, CA 92612
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Item 2(c). Citizenship:
United States
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
64352 D 10 1
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable
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CUSIP NO. 64352 D 10 1 13G PAGE 4 OF 5 PAGES
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Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 1,379,041(1)
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(b) Percent of class: 9.4%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,379,041(1)
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(ii) Shared power to vote or to direct the vote 0
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(iii) Sole power to dispose or to direct the
disposition of 1,309,272
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(iv) Shared power to dispose or to direct the
disposition of 0
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Instruction: For computations regarding securities which represent a right
to acquire an underlying security see Rule 13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable
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(1) Includes 69,769 shares of restricted stock which are subject to forfeiture
under certain circumstances. Mr. Morrice has voting, but not dispositive,
power with respect to such shares.
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CUSIP NO. 64352 D 10 1 13G PAGE 5 OF 5 PAGES
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Item 8. Identification and Classification of Members of the Group.
Not Applicable
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Item 9. Notice of Dissolution of the Group.
Not Applicable
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Item 10. Certifications.
Not Applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 12, 1999
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(Date)
/s/ BRAD A. MORRICE
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(Signature)
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(Name/Title)
