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): 26-Dec-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 26-Dec-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
26-Dec-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 26-Dec-00
NEW CENTURY HOME EQUITY LOAN TRUST
ASSET BACKED PASS-THROUGH CERTIFICATES
SERIES 2000-NCB
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 12/26/00
Beginning
Certificate
Class Balance Principal
A 369,071,254.10 4,745,837.91
P 100.00 0.00
Total 369,071,354.10 4,745,837.91
Ending
Certificate
Class Balance Interest
A 364,325,416.19 2,050,677.79
P 100.00 105,076.81
Total 364,325,516.19 2,155,754.60
AMOUNTS PER $1,000 UNIT
Ending
Certificate
Class Principal Interest Balance
A 12.38992771 5.35369097 951.14195956
P 0.00000000 1050768.1000 1000.00000000
Pass-Through
Class Cusip Interest Rate
A 64352VBW0 6.89750%
P 0.00000%
a) Beginning Pool Principal Balance 374,037,494.91
Ending Pool Principal Balance 370,151,203.39
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-1 859,546.39 3,886,291.52
d) Available Funds Shortfall 0.00
Insured Distribution Amount - Principal 0.00
Insured Distribution Amount - Interest 2,050,677.79
Insured Payment 0.00
Reimbursement Amount 0.00
e) Overcollateralized Amount 5,825,787.20
Overcollateralization Target Amount 13,473,782.17
Overcollateralization Release Amount 0.00
f) Servicing Fee 155,848.96
Trustee Fee 2,727.36
Insurer Premium 72,865.08
PMI Insurer Premium 157,693.94
g) Net WAC Cap 9.33364%
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 338 337
weighted average Rate of Mortgage Loans 10.58512% 10.58178%
number of the Mortgage Loans outstanding 3,342
i) Delinquency Advances for the current period 1,076,623.83
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 12,306.76
*As of current distribution date information
was not available from servicer
j) Principal Distribution Amount 4,745,837.91
Interest Distribution Amount 2,050,677.79
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 3.06455%
Cumulative Loss Percentage 0.00000%
Annual Loss Percentage 0.00000%
l) Prepayment Penalties 105,076.81
Scheduled Principal 224,590.96
Full and Partial Prepayments 3,661,700.56
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 157 14,144,253. 3.821%
60-89 Days Delinquent 78 7,781,106.2 2.102%
90 or more Days 111 10,081,673. 2.724%
Aggregate 346 32,007,033. 8.647%
The above statistics include Mortgage Loans in foreclosure
and bankruptcy but exclude REO Properties
Principal
# of Accounts Balance % of Total
Loans in foreclosure proceedi 74 7,753,466.8 2.095%
Loans in bankruptcy proceedin 12 760,543.54 0.205%
REO Properties 1 40,552.64 0.011%
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: 12/31/00
