NEW CENTURY FINANCIAL CORP
SC 13G/A, 2000-02-14
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                               -------------------

                                  SCHEDULE 13G

                                 (RULE 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
                 TO RULES 13d-1(b) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)

                               (AMENDMENT NO. 2)(1)

                        NEW CENTURY FINANCIAL CORPORATION
                                (NAME OF ISSUER)

                                  COMMON STOCK
                         (TITLE OF CLASS OF SECURITIES)

                                  64352 D 10 1
                                 (CUSIP NUMBER)

      --------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the following box to designate the rule pursuant to which this Schedule is
filed:

         [ ] Rule 13d-1(b)
         [ ] Rule 13d- (c)
         [X] Rule 13d-1(d)

- --------
     (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 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).

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- ----------------------  -----------------------------------  ------------------
CUSIP NO. 64352 D 10 1                 13G                   Page 2 of 5 Pages
- ----------------------  -----------------------------------  ------------------


- -------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     BRAD A. MORRICE
- -------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [__]
                                                                   (b)  [__]
     NOT APPLICABLE
- -------------------------------------------------------------------------------
3.   SEC USE ONLY

- -------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     UNITED STATES
- -------------------------------------------------------------------------------
 Number of                    5. Sole Voting Power
   Shares                        1,297,858
Beneficially                --------------------------------------------------
  Owned by                    6. Shared Voting Power
   Each                          0
 Reporting                  --------------------------------------------------
Person With                   7. Sole Dispositive Power
                                 1,261,623
                             --------------------------------------------------
                              8. Shared Dispositive Power
                                 0
- -------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,297,858
- -------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  [__]

     NOT APPLICABLE
- -------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     8.8%
- -------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     IN
- -------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
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- ----------------------  -----------------------------------  ------------------
CUSIP NO. 64352 D 10 1                 13G                   Page 3 of 5 Pages
- ----------------------  -----------------------------------  ------------------

Item 1(a).        Name of Issuer:

                  NEW CENTURY FINANCIAL CORPORATION

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  18400 VON KARMAN, SUITE 1000
                  IRVINE, CA  92612

Item 2(a).        Name of  Person Filing:

                  BRAD A. MORRICE

Item 2(b).        Address of Principal Business Office or, if None, Residence:

                  C/O NEW CENTURY FINANCIAL CORPORATION
                  18400 VON KARMAN, SUITE 1000
                  IRVINE, CA  92612

Item 2(c).        Citizenship:

                  UNITED STATES

Item 2(d).        Title of Class of Securities:

                  COMMON STOCK

Item 2(e).        CUSIP Number:

                  64352 D 10 1

Item 3.           If this statement is filed pursuant to Rules 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
- ----------------------  -----------------------------------  ------------------

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:         1,297,858

     (b) Percent of class:                  8.8%

     (c) Number of shares as to which such person has:

         (i)   Sole power to vote or to direct the vote:           1,297,858(1)
         (ii)  Shared power to vote or to direct the vote:                    0
         (iii) Sole power to dispose or to direct the disposition of: 1,261,623
         (iv)  Shared power to dispose or to direct the disposition of:       0

Item 5.  Ownership of Five Percent of Less of a Class.

         NOT APPLICABLE

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         NOT APPLICABLE

Item 7.  Identification and Classification of the Subsidiary Which Acquired
         the Security Being Reported on by the Parent Holding Company.

         NOT APPLICABLE

Item 8.  Identification and Classification of Members of the Group.

         NOT APPLICABLE

Item 9.  Notice of Dissolution of  Group.

         NOT APPLICABLE

Item 10. Certification.

         NOT APPLICABLE

(1)      Includes 36,235 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
- ----------------------  -----------------------------------  ------------------

                                    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 11, 2000
                                       -----------------------
                                               (Date)

                                         /s/ Brad A. Morrice
                                       -----------------------
                                             (Signature)

                                           Brad A. Morrice
                                       -----------------------
                                            (Name/Title)


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