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-Aug-00
NEW CENTURY MORTGAGE SECURITIES, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF JULY 1, 2000, PROVIDING FOR THE ISSUANCE OF
ASSET BACKED PASS-THROUGH CERTIFICATES,
SERIES 2000-NCB)
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-Aug-00 a 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-Aug-00 The 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-Aug-00
NEW CENTURY HOME EQUITY LOAN TRUST
ASSET BACKED PASS-THROUGH CERTIFICATES
SERIES 2000-NCB
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 8/25/00
Beginning
Certificate
Class Balance Principal
A 383,040,000.00 3,536,411.45
P 100.00 0.00
Total 383,040,100.00 3,536,411.45
Ending
Certificate
Class Balance Interest
A 379,503,588.55 2,055,648.00
P 100.00 66,878.89
Total 379,503,688.55 2,122,526.89
AMOUNTS PER $1,000 UNIT
Ending
Certificate
Class Principal Interest Balance
A 9.23248603 5.36666667 990.76751397
P 0.00000000 668788.9000 1000.00000000
Pass-Through
Class Cusip Interest Rate
A 64352VBW0 6.90000%
P 0.00000%
a) Beginning Pool Principal Balance 384,965,204.91
Ending Pool Principal Balance 382,372,187.44
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-1 943,393.98 2,593,017.47
d) Available Funds Shortfall 0.00
Insured Distribution Amount - Principal 0.00
Insured Distribution Amount - Interest 2,055,648.00
Insured Payment 0.00
Reimbursement Amount 0.00
e) Overcollateralized Amount 2,868,598.89
Overcollateralization Target Amount 13,473,782.17
Overcollateralization Release Amount 0.00
f) Servicing Fee 160,402.17
Trustee Fee 2,807.04
Insurer Premium 75,900.72
PMI Insurer Premium 159,922.26
g) Net WAC Cap 9.34630%
Realized Losses 0.00
Cumulative Realized Losses 0.00
Cut-Off Date Pool Balance 384,965,204.91
Cumulative Realized Losses/Cut-Off Date Pool 0.00000%
Cumulative Number of liquidated Loans 0
Cumulative Balance of liquidated Loans 0.00
Beginning Ending
h) weighted average remaining term of Loans 342 341
weighted average Rate of Mortgage Loans 10.59236% 10.59282%
number of the Mortgage Loans outstanding 3,439
i) Delinquency Advances for the current period 12,113.68
Servicing Advances for the current period 0.00
Aggregate Outstanding Advances by Master Servicer 0.00*
Aggregate Nonrecoverable Advances by Master Servicer 0.00
PPIS advanced by Master Servicer 64.89
*As of current distribution date information
was not available from servicer
j) Principal Distribution Amount 3,536,411.45
Interest Distribution Amount 2,055,648.00
k) Has the Stepdown Requirement been satisfied? NO
Has Servicer Termination Test been violated? NO
Has the Step Up Trigger Occurred? NO
Performance Measures used in above tests:
Rolling Delinquency Percentage 0.00000%
Cumulative Loss Percentage 0.00000%
Annual Loss Percentage 0.00000%
l) Prepayment Penalties 66,878.89
Scheduled Principal 221,363.96
Full and Partial Prepayments 2,371,653.51
Liquidation Proceeds 0.00
m) Original Cut-off Loan Balance of modified or extended Loans:
Loan Number Original Balance Current 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
p) Reserve Fund
Beginning Balance 5,000.00
Withdrawals 0.00
Deposits 0.00
Ending Balance 5,000.00
n) Residual Class Total Distribution 0.00
o) Delinquency And Foreclosure Information:
Principal
# of Accounts Balance % of Total
30-59 Days Delinquent 28 2,404,634.6 0.629%
60-89 Days Delinquent 0 0.00 0.000%
90 or more Days 0 0.00 0.000%
Aggregate 28 2,404,634.6 0.629%
The above statistics include Mortgage Loans in foreclosure
and bankruptcy but exclude REO Properties
Principal
# of Accounts Balance % of Total
Loans in foreclosure proceedi 1 27,779.02 0.007%
Loans in bankruptcy proceedin 2 347,601.39 0.091%
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: 8/31/00
