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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 17, 1999
NEW CENTURY MORTGAGE SECURITIES, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF DECEMBER 1, 1999, PROVIDING FOR THE ISSUANCE OF
ASSET BACKED PASS-THROUGH CERTIFICATES, SERIES 1999-NCD)
New Century Mortgage Securities, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware 333-76805 33-0852169
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) 0File Number) Identification Number)
18400 Von Karman
Irvine, California 92612
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (949) 863-7243
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits:
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
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1 23 Consent of Independent Accountants
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: December 17, 1999
NEW CENTURY MORTGAGE SECURITIES,
INC.
By: /s/ Patrick J. Flanagan
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Name: Patrick J. Flanagan
Title: President
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INDEX TO EXHIBITS
Exhibit No. Description Page
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1 Consent of PriceWaterhouseCoopers L.L.P. 5
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Exhibit 1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus
Supplement of New Century Mortgage Securities, Inc., relating to New Century
Home Equity Loan Trust, Series 1999-NCD, Asset Backed Pass-Through Certificates,
of our report dated January 26, 1999 on our audits of the consolidated financial
statements of Financial Security Assurance Inc. and Subsidiaries as of December
31, 1998 and 1997, and for each of the three years in the period ended December
31, 1998. We also consent to the reference to our Firm under the caption
"Experts."
/s/ PriceWaterhouseCoopers L.L.P.
PRICEWATERHOUSECOOPERS L.L.P.
December 17, 1999
