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) 25-Oct-00
NEW CENTURY MORTGAGE SECURITIES, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF JUNE 1, 2000, PROVIDING FOR THE ISSUANCE OF
ASSET BACKED PASS-THROUGH CERTIFICATES,
SERIES 2000-NCA)
New Century Mortgage Securities, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-76805 33-0852169
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
18400 Von Karman
Irvine, California 92612
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: 949-863-7243
Item 5. Other Events
On 25-Oct-00a scheduled distribution was made from the
trust to holders of the certificates. The Trustee has caused
to be filed with the commission, the Monthly Report dated
25-Oct-00The Monthly Report is filed pursuant to and
in accordance with (1) numerous no-action letters (2) current
Commission policy in the area.
A. Monthly Report Information:
See Exhibit No.1
B. Have any deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities:NONE
E. Item 4: Submission of Matters to a Vote of Certificateholders: NONE
F. Item 5: Other Information - Form 10-Q, Part II -
Items 1,2,4,5 if applicable: NOT APPLICABLE
Item 7. Monthly Statements and Exhibits
Exhibit No.
1. Monthly Distribution Report dated 25-Oct-00
NEW CENTURY HOME EQUITY LOAN TRUST
ASSET BACKED PASS-THROUGH CERTIFICATES
SERIES 2000-NCA
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 10/25/2000
Beginning Ending
Certificate Certificate
Class Cusip Balance(1) PrincipalInterest Losses Balance
A-1 64352VBU4 85,936,527.490,092.4594,394.32 $0.00 85,446,435.53
A-2 64352VBV2 116,252,8602,124,480668,636.08 $0.00 114,128,379.15
R 0.00 0.00423,284.85 $0.00 $0.00
Total 202,189,3882,614,5731,263,030.3,877,603.8199,574,814.68
AMOUNTS PER $1,000 UNIT
Ending Current
Certificate Pass-Through
Class Principal Interest Total Balance Losses Interest Rate
A-1 5.63804224 6.8379348012.475977982.979034 0.00000000 8.30000%
A-2 17.7028278 5.5715958923.274423951.006425 0.00000000 6.90188%
Distribution Date: 25-Oct-00
Distribution Statement
Pooling and Servicing Agreement Dated June 1, 2000
Group 1 Group 2
a) Beginning Pool Principal Balance 89,229,528.120,799,094.83
Ending Pool Principal Balance 88,739,435.118,674,613.86
b) Interest from Purchased Loans 0.00
Principal from Purchased Loans 0.00
Substitution Shortfall Amount 0.00
c) Extra Principal Basic Principal
Class Distribution Distribution
A-1 0.00 490,092.46
A-2 383.66 2,124,097.31
d) Available Funds Shortfall 0.00
Insured Distribution Amount - Principal 0.00
Insured Distribution Amount - Interest 1,263,030.40
Insured Payment 0.00
Reimbursement Amount 0.00
e) Overcollateralized Amount 3,293,000.44,546,234.71
Overcollateralization Target Amount 3,293,000.44,546,234.71
Overcollateralization Release Amount 0.00 0.00
Group 1 Group 2
f) Servicing Fee 35,320.02 47,816.31
Backup Servicing Fee 1,850.23 2,473.70
Trustee Fee 966.65 1,308.66
Insurer Premium 16,377.23 19,972.47
PMI Insurer Premium 24,205.86 57,362.59
Group 1 Group 2
g) Net WAC Cap 9.76490% 9.26549% 0.00
Realized Losses 0.00
Cumulative Realized Losses 0.00
Cut-Off Date Pool Balance (includes prefund214,773,566.32
Cumulative Realized Losses/Cut-Off Date Poo 0.00018%
Cumulative Number of liquidated Loans 0
Cumulative Balance of liquidated Loans 0.00
Beginning Ending
h) weighted average of the remaining terms of t 339 338
weighted average Mortgage Rate of the Mort 10.66676% 10.67227%
number of the Mortgage Loans outstanding 2,232
i) Delinquency Advances for the current period 307,119.96
Servicing Advances for the current period 0.00
Aggregate Outstanding Delinquency Advances 0.00*
Aggregate Nonrecoverable Delinquency Advanc 0.00
Prepayment Interest Shortfalls advanced by 11,305.66
*As of current distribution date information
was not available from servicer
Group 1 Group 2
j) Principal Distribution Amount 490,092.462,124,480.97
Interest Distribution Amount 594,394.32668,636.08
k) Has the Stepdown Requirement been satisfied NO
Has the Servicer Termination Test been vio NO
Has the Step Up Claims Denial Test been me NO
Performance Measures used in above tests:
Rolling Delinquency Percentage 3.19313%
Cumulative Loss Percentage 0.00018%
Annual Loss Percentage 0.00018%
Group 1 Group 2
l) Prepayment Penalties 27,466.69 0.00
Scheduled Principal 70,366.58 56,153.98
Full and Partial Prepayments 419,725.88 2,067,943.33
Liquidation Proceeds 0.00 0.00
m) Original Cut-off Loan Balance of modified or extended Loans:
Loan NumbeOriginal BaCurrent Balance
n) Payments received under the PMI Policy 0.00
Number of Mortgage Loans with PMI Payments 0.00
Amount of claims made and denied under the PMI Policy
since the closing date 0.00
o) Basis Risk Shortfall 0.00
Unpaid Basis Risk Shortfalls 0.00
p) Reserve Fund
Beginning 5,000.00
Withdrawal 0.00
Deposits 0.00
Ending Bal 5,000.00
n) Residual Class Total Distribution 423,284.85
o) Delinquency And Foreclosure Information:
Group 1
# of AccoPrincipal % of Total
30-59 Days Delinquent 231,725,019. 1.944%
60-89 Days Delinquent 151,311,981. 1.478%
90 or more Days Delin 311,939,799. 2.186%
Aggregate 694,976,800. 5.608%
The above statistics include Mortgage Loans in foreclosure
and bankruptcy but exclude REO Properties
# of AccoPrincipal % of Total
Loans in foreclosure 311,923,999. 2.168%
Loans in bankruptcy p 9486,277.72 0.548%
REO Properties 0 0.00 0.000%
Group 2
# of AccoPrincipal % of Total
30-59 Days Delinquent 323,373,927. 2.843%
60-89 Days Delinquent 161,475,731. 1.244%
90 or more Days Delin 393,997,621. 3.369%
Aggregate 878,847,279. 7.455%
The above statistics include Mortgage Loans in foreclosure
and bankruptcy but exclude REO Properties
# of AccoPrincipal % of Total
Loans in foreclosure 494,607,905. 3.883%
Loans in bankruptcy p 5862,735.71 0.727%
REO Properties 0 0.00 0.000%
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.
NEW CENTURY HOME EQUITY
LOAN TRUST
By: /s/ Eve Kaplan
Name: Eve Kaplan
Title: Vice President
U.S. Bank National Association
Dated: 10/31/2000
