

                           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):  October 27, 2003


                          NEW CENTURY MORTGAGE SECURITIES, INC	.
            (as depositor, New Century Mortgage Corporation and Ocwen
              Federal Bank as Servicers, Deutsche Bank National
                              Trust Company as Trustee.)


                NEW CENTURY MORT SEC INC HOME EQUITY LOAN TR SER 2003-2
              (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-72880-03                             33-0852169
          (Commission File Number)        (I.R.S. Employer Identification No.)


          189400 Von Karman Suite 1000
          Irvine, CALIFORNIA                             92612
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (949) 863-7243


     Item 5.  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
	October 27, 2003.



                                     SIGNATURE


               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, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  formerly known as Bankers Trust Company
                                  of California, N.A., not in its
                                  individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of March 1,2003.



          Date:  Oct 29, 2003                By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President

                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of October 27, 2003.


	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates


	October 27, 2003 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				6
			4.	Credit Enhancement Report				9
			5.	Collateral Report				10
			6.	Delinquency Report				13
			7.	REO Report				16
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				26
			11.	Realized Loss Detail Report				29
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				30
			13.	Additional Certificate Report				31




				Total Number of Pages				31



			CONTACTS

				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Deutsche Bank					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 19, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		New Century Mortgage Corporation
			Ocwen Federal

								Distribution Date: October 27, 2003
	Underwriter(s):		Deutsche Bank Underwriter					Record Date: October 24, 2003
								September 30, 2003






						Page 1 of 31					© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 27, 2003 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1	FLT,STEP	704,402,000.00			574,643,879.37	781,515.68	33,966,884.98	34,748,400.66	-	-	540,676,994.40
A-2	FLT,STEP	246,360,000.00			202,687,734.25	279,979.32	9,016,549.52	9,296,528.84	-	-	193,671,184.73
A-IO	IN, NTL	-			-	537,982.50	-	537,982.50	-	-	-
M-1	MEZ,FLT	70,427,000.00			70,427,000.00	126,455.59	-	126,455.59	-	-	70,427,000.00
M-2	MEZ,FLT	64,558,000.00			64,558,000.00	179,040.85	-	179,040.85	-	-	64,558,000.00
M-3	MEZ,FLT	45,777,000.00			45,777,000.00	196,129.01	-	196,129.01	-	-	45,777,000.00
M-4	MEZ,FLT	17,607,000.00			17,607,000.00	73,871.15	-	73,871.15	-	-	17,607,000.00
CE	SUB	24,650,208.87			24,649,407.49	4,159,142.28	-	4,159,142.28	-	-	24,649,407.49
P	PO	100.00			100.00	1,025,607.04	-	1,025,607.04	-	-	100.00
R-III	R	-			-	-	-	-	-	-	-


Total		1,173,781,308.87			1,000,350,121.11	7,359,723.42	42,983,434.50	50,343,157.92	-	-	957,366,686.61


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	09/25/03	10/26/03		A-Act/360	64352VCN9	704,402,000.00	815.789676	1.109474	48.220881	49.330355	767.568795
A-2	09/25/03	10/26/03		A-Act/360	64352VCP4	246,360,000.00	822.729884	1.136464	36.599081	37.735545	786.130803
A-IO	09/25/03	10/26/03		A-30/360	64352VCQ2	117,378,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000
M-1	09/25/03	10/26/03		A-Act/360	64352VCR0	70,427,000.00	1,000.000000	1.795556	-	1.795556	1,000.000000
M-2	09/25/03	10/26/03		A-Act/360	64352VCS8	64,558,000.00	1,000.000000	2.773333	-	2.773333	1,000.000000
M-3	09/25/03	10/26/03		A-Act/360	64352VCT6	45,777,000.00	1,000.000000	4.284444	-	4.284444	1,000.000000
M-4	09/25/03	10/26/03		A-Act/360	64352VCU3	17,607,000.00	1,000.000000	4.195556	-	4.195556	1,000.000000
CE				A-30/360		1,198,431,517.74	855.284189	3.470488	-	3.470488	819.417780
P				-		100.00	1,000.000000	10,256,070.400000	-	################	1,000.000000
R-III				-		-	-	-	-	-	-


							Page 2 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 27, 2003 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-1	704,402,000.00		6,420,003.52		159,648,768.70	4,076,236.90	163,725,005.60	170,145,009.12	-	-	540,676,994.40
A-2	246,360,000.00		2,297,928.94		50,998,557.61	1,690,257.66	52,688,815.27	54,986,744.21	-	-	193,671,184.73
A-IO	-		3,765,877.50		-	-	-	3,765,877.50	-	-	-
M-1	70,427,000.00		906,016.46		-	-	-	906,016.46	-	-	70,427,000.00
M-2	64,558,000.00		1,268,432.43		-	-	-	1,268,432.43	-	-	64,558,000.00
M-3	45,777,000.00		1,379,319.82		-	-	-	1,379,319.82	-	-	45,777,000.00
M-4	17,607,000.00		519,663.89		-	-	-	519,663.89	-	-	17,607,000.00
CE	24,650,208.87		32,539,303.11		801.38	-	801.38	32,540,104.49	-	-	24,649,407.49
P	100.00		4,608,315.47		-	-	-	4,608,315.47	-	-	100.00
R-III	-		0.01		-	-	-	0.01	-	-	-


Total	1,173,781,308.87		53,704,861.15		210,648,127.70	5,766,494.56	216,414,622.26	270,119,483.41	-	-	957,366,686.61


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1	1.53000%	574,643,879.37			781,515.68	-	-	-	781,515.68	781,515.68	-
A-2	1.55400%	202,687,734.25			279,979.32	-	-	-	279,979.32	279,979.32	-
A-IO	5.50000%	117,378,000.00			537,982.50	-	-	-	537,982.50	537,982.50	-
M-1	2.02000%	70,427,000.00			126,455.59	-	-	-	126,455.59	126,455.59	-
M-2	3.12000%	64,558,000.00			179,040.85	-	-	-	179,040.85	179,040.85	-
M-3	4.82000%	45,777,000.00			196,129.01	-	-	-	196,129.01	196,129.01	-
M-4	4.72000%	17,607,000.00			73,871.15	-	-	-	73,871.15	73,871.15	-
CE	5.02578%	1,024,999,528.60			4,189,612.63	3,000.31	-	-	4,186,612.32	4,159,142.28	-
P		100.00			-	-	-	-	-	1,025,607.04	-
R-III		-			-	-	-	-	-	-	-


Total		2,118,078,242.22			6,364,586.73	3,000.31	-	-	6,361,586.42	7,359,723.42	-


							Page 3 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	Class A-IO Component
	Certificate Payment Report for October 27, 2003 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-IO-1		-			-	398,580.42	-	398,580.42	-	-	-
A-IO-2		-			-	139,402.08	-	139,402.08	-	-	-


Total		-			-	537,982.50	-	537,982.50	-	-	-


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-IO-1				A-30/360		86,963,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000
A-IO-2				A-30/360		30,415,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000


							Page 4 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	Class A-IO Component
	Certificate Payment Report for October 27, 2003 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-IO-1	-		2,790,062.94		-	-	-	2,790,062.94	-	-	-
A-IO-2	-		975,814.56		-	-	-	975,814.56	-	-	-


Total	-		3,765,877.50		-	-	-	3,765,877.50	-	-	-


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-IO-1	5.50000%	86,963,000.00			398,580.42	-	-	-	398,580.42	398,580.42	-
A-IO-2	5.50000%	30,415,000.00			139,402.08	-	-	-	139,402.08	139,402.08	-


Total		117,378,000.00			537,982.50	-	-	-	537,982.50	537,982.50	-


							Page 5 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 27, 2003 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					9,010,787.19	33,945,177.28	42,955,964.47
	Principal Withdrawls					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					9,010,787.19	33,945,177.28	42,955,964.47

	Interest Collections					1,695,247.86	4,904,059.54	6,599,307.40
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					180,352.87	845,254.17	1,025,607.04
	Interest Fees					(64,348.31)	(173,372.68)	(237,720.99)
	TOTAL NET INTEREST					1,811,252.42	5,575,941.03	7,387,193.45

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					10,822,039.61	39,521,118.31	50,343,157.92


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					224,344.88	535,407.35	759,752.23
	Curtailments					27,248.85	59,590.61	86,839.46
	Prepayments in Full					8,759,193.46	33,138,027.00	41,897,220.46
	Repurchses/Substitutions					0.00	0.00	0.00
	Liquidations					0.00	239,622.35	239,622.35
	Insurance Principal					0.00	0.00	0.00
	Other Additional Principal					0.00	0.00	0.00
	Delinquent Principal					(95,181.32)	(251,077.53)	(346,258.85)
	Realized Losses					0.00	(27,470.03)	(27,470.03)
	Loss Recoveries					0.00	0.00	0.00
	Substitution Shortfalls					0.00	0.00	0.00
	Loan Adjustments					0.00	0.00	0.00
	Advanced Principal					95,181.32	251,077.53	346,258.85

	TOTAL PRINCIPAL COLLECTED					9,010,787.19	33,945,177.28	42,955,964.47


				Page 6 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 27, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Cash Released					0.00	0.00	0.00

	TOTAL PRINCIPAL OTHER ACCOUNTS					0.00	0.00	0.00


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest					1,743,628.33	5,067,410.37	6,811,038.70
	Repurchased Interest					0.00	0.00	0.00
	Liquidation Interest					0.00	1,936.95	1,936.95
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					(13,803.91)	(70,110.89)	(83,914.80)
	Delinquent Interest					(790,880.92)	(2,456,641.79)	(3,247,522.71)
	Realized Losses					0.00	0.00	0.00
	Compensating Interest					13,803.91	70,110.89	83,914.80
	Subsistution Shortfalls					0.00	0.00	0.00
	Civil Releif Act Shortfalls					(566.19)	(2,434.12)	(3,000.31)
	Loss Recoveries					0.00	0.00	0.00
	Loan Adjustments					244.07	0.00	244.07
	Interest Advanced					742,972.57	2,311,083.31	3,054,055.88
	Non-Recoverable Advances					(150.00)	(17,295.18)	(17,445.18)

	TOTAL INTEREST COLLECTED					1,695,247.86	4,904,059.54	6,599,307.40


				Page 7 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 27, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Prepayment Charges					180,352.87	845,254.17	1,025,607.04
	Available Funds Cap Account Allocations					0.00	0.00	0.00
	Available Fund Cap Account Interest Earnings					0.00	0.00	0.00
	Cap Contract Amounts Deposited					0.00	0.00	0.00

	TOTAL INTEREST OTHER ACCOUNTS					180,352.87	845,254.17	1,025,607.04


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					60,614.89	162,700.57	223,315.46
	Trustee Fee					434.14	1,233.11	1,667.25
	Credit Risk Manager Fee					3,256.08	9,248.30	12,504.38
	Custodian Fee					43.20	190.70	233.90
	Extraordinary Trust Fund Expenses					0.00	0.00	0.00

	TOTAL INTEREST OTHER FEES					64,348.31	173,372.68	237,720.99


				Page 8 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for October 27, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Original Available Funds Cap Reserve Account Balance							1,000.00

	Beginning Available Funds Cap Reserve Account Balance							1,000.00
	Cap Contract Amount Deposited							0.00
	Deposits to the Available Funds Cap Reserve Account							0.00
	Available Funds Cap Account Interest Earnings							0.00
	Funds Cap reserve Account Available for Distribution							1,000.00
	Interest Earnings Paid to Class CE							0.00
	Cap Contract Amounts Paid to Certificates							0.00
	Amounts Withdrawn to Pay Net WAC Carryover							0.00
	Ending Available Funds Cap Reserve Account Balance							1,000.00


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Overcollateralized Amount							24,649,407.49

	Overcollateralization Target Amount							24,649,407.49

	Overcollateralization Increase Amount							27,470.03

	Overcollateralization Reduction Amount							0.00

	Credit Enhancement Percentage							23.294983%


				Page 9 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					1699	6286	7985
	Prior					1,517	5,493	7,010
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(45)	(210)	(255)
	Repurchases					-	-	-
	Liquidations					-	(1)	(1)
	Current					1,472	5,282	6,754

	*Principal Balance:*
	Original					304,149,269.26	869,456,819.63	1,173,606,088.89
	Prior					260,486,165.31	739,863,955.80	1,000,350,121.11
	Prefunding					-	-	-
	Scheduled Principal					(224,344.88)	(535,407.35)	(759,752.23)
	Partial and Full Voluntary Prepayments					(8,786,442.31)	(33,197,617.61)	(41,984,059.92)
	Repurchases					-	-	-
	Liquidations					-	(239,622.35)	(239,622.35)
	Current					251,475,378.12	705,891,308.49	957,366,686.61

PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 10 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					8.033405%	8.231118%	8.179879%
	Weighted Average Coupon Prior					8.030146%	8.221197%	8.171327%
	Weighted Average Coupon Current					8.033620%	8.222075%	8.173002%
	Weighted Average Months to Maturity Original					342	351	349
	Weighted Average Months to Maturity Prior					337	346	344
	Weighted Average Months to Maturity Current					335	345	342
	Weighted Avg Remaining Amortization Term Original					342	351	349
	Weighted Avg Remaining Amortization Term Prior					336	346	343
	Weighted Avg Remaining Amortization Term Current					335	344	342
	Weighted Average Seasoning Original					5.87	5.85	5.85
	Weighted Average Seasoning Prior					10.82	10.79	10.80
	Weighted Average Seasoning Current					11.82	11.79	11.80

Note: Original information refers to deal issue.


	Group 1
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 11 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					2.975%	5.618%
	Weighted Average Margin Prior					2.883%	5.574%
	Weighted Average Margin Current					2.859%	5.568%
	Weighted Average Max Rate Original					11.222%	14.183%
	Weighted Average Max Rate Prior					11.127%	14.129%
	Weighted Average Max Rate Current					11.105%	14.126%
	Weighted Average Min Rate Original					8.032%	8.233%
	Weighted Average Min Rate Prior					8.035%	8.222%
	Weighted Average Min Rate Current					8.036%	8.223%
	Weighted Average Cap Up Original					0.684%	1.273%
	Weighted Average Cap Up Prior					0.663%	1.264%
	Weighted Average Cap Up Current					0.658%	1.263%
	Weighted Average Cap Down Original					0.684%	1.273%
	Weighted Average Cap Down Prior					0.663%	1.264%
	Weighted Average Cap Down Current					0.658%	1.263%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					60,614.89	162,700.57	223,315.46
	Delinquent Servicing Fees					47,908.36	145,558.49	193,466.85
	TOTAL SERVICING FEES					108,523.25	308,259.06	416,782.31

	Total Servicing Fees					108,523.25	308,259.06	416,782.31
	Delinquent Servicing Fees					(47,908.36)	(145,558.49)	(193,466.85)
	Compensating Interest					13,803.91	70,110.89	83,914.80
	COLLECTED SERVICING FEES					74,418.80	232,811.46	307,230.26


ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Prepayment Interest Shortfall					13,803.91	70,110.89	83,914.80
	Compensating Interest					(13,803.91)	(70,110.89)	(83,914.80)
	NET PREPAYMENT INTERET SHORTFALLS					0.00	0.00	0.00

	Principal Advances					95,181.32	251,077.53	346,258.85
	Interest Advances					742,972.57	2,311,083.31	3,054,055.88
	TOTAL ADVANCES					838,153.89	2,562,160.84	3,400,314.73


				Page 12 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			25,615,385.88	5,320,254.08	1,905,327.47	32,840,967.43
		% Balance			2.68%	0.56%	0.20%	3.43%
		# Loans			189	40	12	241
		% # Loans			2.80%	0.59%	0.18%	3.57%
FORECLOSURE		Balance		-	754,941.19	5,272,797.35	19,601,425.03	25,629,163.57
		% Balance		0.00%	0.08%	0.55%	2.05%	2.68%
		# Loans		-	4	42	130	176
		% # Loans		0.00%	0.06%	0.62%	1.92%	2.61%
BANKRUPTCY		Balance		3,506,917.16	239,600.73	336,445.46	3,583,549.86	7,666,513.21
		% Balance		0.37%	0.03%	0.04%	0.37%	0.80%
		# Loans		26	3	4	27	60
		% # Loans		0.38%	0.04%	0.06%	0.40%	0.89%
REO		Balance		-	-	-	1,631,949.76	1,631,949.76
		% Balance		0.00%	0.00%	0.00%	0.17%	0.17%
		# Loans		-	-	-	16	16
		% # Loans		0.00%	0.00%	0.00%	0.24%	0.24%

TOTAL		Balance		3,506,917.16	26,609,927.80	10,929,496.89	26,722,252.12	67,768,593.97
		% Balance		0.37%	2.78%	1.14%	2.79%	7.08%
		# Loans		26	196	86	185	493
		% # Loans		0.38%	2.90%	1.27%	2.74%	7.30%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			20,748,191.28	4,886,080.66	1,312,286.12	26,946,558.06
		% Balance			2.94%	0.69%	0.19%	3.82%
		# Loans			157	38	8	203
		% # Loans			2.97%	0.72%	0.15%	3.84%
FORECLOSURE		Balance		-	414,934.80	4,148,489.62	13,839,871.81	18,403,296.23
		% Balance		0.00%	0.06%	0.59%	1.96%	2.61%
		# Loans		-	3	37	104	144
		% # Loans		0.00%	0.06%	0.70%	1.97%	2.73%
BANKRUPTCY		Balance		2,411,991.02	175,942.87	273,516.42	3,071,355.16	5,932,805.47
		% Balance		0.34%	0.02%	0.04%	0.44%	0.84%
		# Loans		19	2	3	24	48
		% # Loans		0.36%	0.04%	0.06%	0.45%	0.91%
REO		Balance		-	-	-	895,586.83	895,586.83
		% Balance		0.00%	0.00%	0.00%	0.13%	0.13%
		# Loans		-	-	-	13	13
		% # Loans		0.00%	0.00%	0.00%	0.25%	0.25%

TOTAL		Balance		2,411,991.02	21,339,068.95	9,308,086.70	19,119,099.92	52,178,246.59
		% Balance		0.34%	3.02%	1.32%	2.71%	7.39%
		# Loans		19	162	78	149	408
		% # Loans		0.36%	3.07%	1.48%	2.82%	7.72%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 14 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,867,194.60	434,173.42	593,041.35	5,894,409.37
		% Balance			1.94%	0.17%	0.24%	2.34%
		# Loans			32	2	4	38
		% # Loans			2.17%	0.14%	0.27%	2.58%
FORECLOSURE		Balance		-	340,006.39	1,124,307.73	5,761,553.22	7,225,867.34
		% Balance		0.00%	0.14%	0.45%	2.29%	2.87%
		# Loans		-	1	5	26	32
		% # Loans		0.00%	0.07%	0.34%	1.77%	2.17%
BANKRUPTCY		Balance		1,094,926.14	63,657.86	62,929.04	512,194.70	1,733,707.74
		% Balance		0.44%	0.03%	0.03%	0.20%	0.69%
		# Loans		7	1	1	3	12
		% # Loans		0.48%	0.07%	0.07%	0.20%	0.82%
REO		Balance		-	-	-	736,362.93	736,362.93
		% Balance		0.00%	0.00%	0.00%	0.29%	0.29%
		# Loans		-	-	-	3	3
		% # Loans		0.00%	0.00%	0.00%	0.20%	0.20%

TOTAL		Balance		1,094,926.14	5,270,858.85	1,621,410.19	7,603,152.20	15,590,347.38
		% Balance		0.44%	2.10%	0.64%	3.02%	6.20%
		# Loans		7	34	8	36	85
		% # Loans		0.48%	2.31%	0.54%	2.45%	5.77%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 15 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	REO Report for October 27, 2003 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 7				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 468,512.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 465,752.84
REO Book Value = Not Available

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

725122 1		73,500.00	73,243.12	Mar-01-03	11.750%	TX - 75.00%	360	Oct-30-02
31931645 3		60,750.00	60,330.46	May-01-03	8.500%	AL - 90.00%	360	Oct-25-02
31931942 3		69,562.00	69,318.85	Mar-01-03	11.750%	TX - 75.00%	360	Oct-22-02
31940190 3		80,000.00	79,629.87	Jan-01-03	10.440%	TX - 80.00%	360	Oct-29-02
101091833 3		64,000.00	63,550.33	Jan-01-03	10.340%	MI - 80.00%	360	May-07-02
101153781 3		71,400.00	70,738.22	Feb-01-03	8.990%	TN - 85.00%	360	May-31-02
31921364 4		49,300.00	48,941.99	Apr-01-03	8.250%	MI - 85.00%	360	Oct-07-02


				Page 16 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					45	210	255
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					45	210	255

	Paid in Full Balance					8,759,193.46	33,138,027.00	41,897,220.46
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					27,248.85	59,590.61	86,839.46
	Total Prepayment Amount					8,786,442.31	33,197,617.61	41,984,059.92

	*Cumulative*
	Number of Paid in Full Loans					227	1,000	1,227
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					227	1,000	1,227

	Paid in Full Balance					50,779,182.54	158,281,563.47	209,060,746.01
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					204,450.94	560,798.20	765,249.14
	Total Prepayment Amount					50,983,633.48	158,842,361.67	209,825,995.15

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 17 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					3.38%	4.49%	4.20%
	3 Months Avg SMM					3.56%	4.06%	3.93%
	12 Months Avg SMM
	Avg SMM Since Cut-off					2.60%	2.85%	2.79%

	CPR					33.78%	42.38%	40.24%
	3 Months Avg CPR					35.31%	39.21%	38.21%
	12 Months Avg CPR
	Avg CPR Since Cut-off					27.09%	29.33%	28.75%

	PSA					1429.19%	1797.15%	1705.62%
	3 Months Avg PSA Approximation					1632.28%	1815.59%	1768.73%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1532.80%	1663.08%	1629.43%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 18 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1
	Group 2

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 19 of 31				© COPYRIGHT 2003 Deutsche Bank


	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 255						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 42,255,284.40						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 41,897,220.46


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

672727 1			130,000.00	128,957.39	Sep-17-03	7.750%	CA - 60.47%	Paid Off - 360	Oct-04-02
674612 1			252,000.00	250,070.87	Sep-22-03	7.990%	CA - 90.00%	Paid Off - 360	Oct-17-02
680507 1			135,000.00	134,275.27	Sep-02-03	9.250%	CA - 90.00%	Paid Off - 360	Oct-21-02
689519 1			162,400.00	161,220.86	Sep-30-03	8.250%	IL - 80.00%	Paid Off - 360	Oct-31-02
692447 1			233,750.00	232,048.07	Sep-30-03	7.740%	MI - 85.00%	Paid Off - 360	Oct-07-02
693995 1			310,000.00	307,386.13	Sep-09-03	6.990%	CA - 79.49%	Paid Off - 360	Oct-15-02
695748 1			146,500.00	145,581.72	Sep-16-03	8.490%	FL - 77.11%	Paid Off - 360	Oct-15-02
696122 1			70,000.00	69,542.48	Sep-22-03	9.500%	IL - 79.55%	Paid Off - 360	Oct-28-02
696590 1			144,000.00	143,099.71	Sep-02-03	8.990%	NV - 66.36%	Paid Off - 360	Oct-09-02
696640 1			179,994.00	179,390.71	Sep-26-03	11.480%	CA - 60.00%	Paid Off - 360	Oct-09-02
696803 1			182,000.00	180,610.58	Sep-12-03	7.500%	MI - 70.00%	Paid Off - 360	Oct-18-02
696978 1			172,500.00	171,114.39	Sep-26-03	7.240%	CA - 80.23%	Paid Off - 360	Oct-15-02
697994 1			226,950.00	224,913.75	Sep-08-03	7.490%	CA - 85.00%	Paid Off - 360	Oct-08-02
700296 1			170,000.00	168,637.20	Sep-04-03	7.250%	MA - 46.58%	Paid Off - 360	Oct-24-02
700844 1			133,200.00	132,595.91	Sep-30-03	12.310%	CA - 61.38%	Paid Off - 360	Sep-30-02
702005 1			188,000.00	186,793.45	Sep-04-03	8.500%	DC - 80.00%	Paid Off - 360	Oct-25-02
702160 1			63,000.00	62,613.94	Sep-30-03	8.990%	IN - 75.00%	Paid Off - 360	Oct-17-02
702545 1			223,500.00	222,234.51	Sep-18-03	8.990%	CT - 75.00%	Paid Off - 360	Oct-21-02
702707 1			236,000.00	234,368.06	Sep-03-03	8.000%	NJ - 80.00%	Paid Off - 360	Oct-11-02
702755 1			182,000.00	180,861.57	Sep-19-03	8.500%	CA - 78.79%	Paid Off - 360	Oct-07-02
703072 1			152,000.00	150,781.48	Sep-25-03	7.250%	CA - 86.86%	Paid Off - 360	Oct-07-02
703291 1			178,750.00	177,794.43	Sep-23-03	9.750%	CA - 65.00%	Paid Off - 360	Oct-04-02
704594 1			158,000.00	157,030.68	Sep-08-03	8.750%	MA - 74.53%	Paid Off - 360	Oct-09-02
704949 1			187,000.00	185,890.69	Sep-16-03	8.770%	CA - 85.00%	Paid Off - 360	Oct-18-02
705204 1			92,000.00	91,394.82	Sep-12-03	8.250%	CA - 70.77%	Paid Off - 360	Oct-10-02
705512 1			280,000.00	277,641.29	Sep-09-03	7.500%	CA - 80.00%	Paid Off - 360	Oct-03-02
705558 1			188,800.00	187,619.67	Sep-08-03	8.990%	CA - 80.00%	Paid Off - 360	Oct-01-02
705978 1			108,800.00	107,992.50	Sep-23-03	8.140%	AZ - 80.00%	Paid Off - 360	Oct-03-02
706068 1			180,500.00	178,903.46	Sep-26-03	7.250%	CA - 88.05%	Paid Off - 360	Oct-09-02
706492 1			70,000.00	69,634.92	Sep-16-03	9.390%	IN - 70.00%	Paid Off - 360	Oct-21-02
707445 1			161,500.00	160,585.50	Sep-03-03	8.990%	CA - 85.00%	Paid Off - 360	Oct-09-02
707724 1			100,000.00	99,156.73	Sep-10-03	6.990%	MA - 39.68%	Paid Off - 360	Oct-11-02
708139 1			50,000.00	49,646.04	Sep-11-03	9.250%	IA - 55.56%	Paid Off - 360	Oct-10-02
708591 1			213,750.00	212,539.67	Sep-29-03	8.990%	CA - 75.00%	Paid Off - 360	Oct-10-02
708811 1			232,000.00	230,686.40	Sep-05-03	8.990%	CA - 80.00%	Paid Off - 360	Oct-28-02
708880 1			255,000.00	253,053.37	Sep-26-03	7.500%	FL - 85.00%	Paid Off - 360	Oct-11-02
709437 1			105,000.00	104,198.41	Sep-17-03	7.500%	FL - 75.00%	Paid Off - 360	Oct-29-02
709457 1			134,000.00	133,235.06	Sep-30-03	8.950%	OH - 74.44%	Paid Off - 360	Oct-11-02
709574 1			265,000.00	263,481.74	Sep-25-03	9.000%	NY - 77.19%	Paid Off - 360	Oct-16-02
709892 1			55,000.00	54,784.34	Sep-23-03	10.750%	ID - 31.43%	Paid Off - 360	Oct-16-02
710282 1			85,000.00	84,493.55	Sep-09-03	8.740%	IL - 85.00%	Paid Off - 360	Oct-28-02
710352 1			204,000.00	202,198.36	Sep-30-03	6.750%	MA - 85.00%	Paid Off - 360	Oct-09-02
710363 1			84,000.00	83,502.06	Sep-22-03	9.250%	AZ - 80.00%	Paid Off - 360	Oct-11-02
710460 1			157,523.00	156,215.13	Sep-25-03	7.500%	CA - 61.77%	Paid Off - 360	Oct-22-02

					Page 20 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

710543 1			220,000.00	218,475.71	Sep-25-03	7.990%	CA - 80.00%	Paid Off - 360	Oct-15-02
711006 1			151,300.00	150,399.60	Sep-23-03	8.750%	MN - 85.00%	Paid Off - 360	Oct-11-02
712018 1			75,000.00	74,299.98	Sep-11-03	6.500%	OR - 51.72%	Paid Off - 360	Oct-18-02
712382 1			170,400.00	169,615.57	Sep-03-03	9.990%	CA - 80.00%	Paid Off - 360	Oct-24-02
712570 1			178,000.00	176,941.61	Sep-26-03	8.750%	RI - 71.77%	Paid Off - 360	Oct-17-02
713258 1			151,000.00	149,845.04	Sep-04-03	7.490%	IL - 69.27%	Paid Off - 360	Oct-21-02
713658 1			225,000.00	223,728.57	Sep-24-03	9.000%	NJ - 75.00%	Paid Off - 360	Oct-22-02
713752 1			166,500.00	165,557.27	Sep-23-03	8.990%	CT - 70.55%	Paid Off - 360	Oct-29-02
713861 1			200,000.00	198,614.02	Sep-22-03	7.990%	CA - 62.50%	Paid Off - 360	Oct-24-02
713862 1			240,750.00	238,910.84	Sep-04-03	7.500%	CA - 75.00%	Paid Off - 360	Oct-04-02
714232 1			292,500.00	290,267.08	Sep-03-03	7.500%	NY - 90.00%	Paid Off - 360	Oct-15-02
714705 1			122,400.00	121,422.37	Sep-18-03	7.500%	CA - 85.00%	Paid Off - 360	Oct-15-02
714766 1			193,600.00	192,119.15	Sep-04-03	7.490%	CA - 80.00%	Paid Off - 360	Oct-17-02
714867 1			190,000.00	188,476.80	Sep-19-03	7.250%	CA - 42.22%	Paid Off - 360	Oct-31-02
715110 1			182,750.00	181,266.79	Sep-09-03	7.990%	NJ - 85.00%	Paid Off - 360	Oct-11-02
715855 1			207,000.00	205,192.36	Sep-04-03	7.250%	MI - 90.00%	Paid Off - 360	Oct-25-02
716222 1			195,840.00	194,551.75	Sep-22-03	8.250%	FL - 85.00%	Paid Off - 360	Oct-16-02
716572 1			80,000.00	79,467.22	Sep-10-03	8.500%	CA - 80.00%	Paid Off - 360	Oct-18-02
716908 1			115,300.00	114,461.66	Sep-03-03	7.750%	MI - 65.89%	Paid Off - 360	Oct-15-02
717465 1			94,400.00	93,742.97	Sep-24-03	7.990%	RI - 80.00%	Paid Off - 360	Oct-17-02
718037 1			102,400.00	101,616.72	Sep-26-03	7.490%	MI - 80.00%	Paid Off - 360	Oct-16-02
718060 1			170,000.00	168,498.70	Sep-26-03	6.750%	CA - 85.00%	Paid Off - 360	Oct-17-02
718210 1			123,250.00	122,677.94	Sep-25-03	9.990%	IL - 85.00%	Paid Off - 360	Oct-25-02
718262 1			120,000.00	119,235.40	Sep-17-03	8.500%	MN - 71.43%	Paid Off - 360	Oct-22-02
718303 1			220,000.00	218,057.12	Sep-24-03	6.750%	OR - 80.00%	Paid Off - 360	Oct-18-02
718404 1			177,100.00	175,813.03	Sep-02-03	7.750%	CA - 70.00%	Paid Off - 360	Oct-31-02
718592 1			126,000.00	125,211.80	Sep-25-03	8.500%	CO - 75.00%	Paid Off - 360	Oct-23-02
719054 1			283,500.00	281,535.73	Sep-12-03	7.990%	CA - 90.00%	Paid Off - 360	Oct-17-02
719608 1			56,950.00	56,548.25	Sep-29-03	7.900%	IN - 85.00%	Paid Off - 360	Oct-30-02
719917 1			189,000.00	187,663.60	Sep-04-03	7.900%	CA - 90.00%	Paid Off - 360	Oct-23-02
720091 1			105,000.00	104,272.43	Sep-29-03	7.990%	CA - 88.98%	Paid Off - 360	Oct-21-02
720392 1			203,000.00	201,998.86	Sep-18-03	9.660%	CA - 70.00%	Paid Off - 360	Oct-15-02
720417 1			208,800.00	207,617.79	Sep-15-03	8.990%	TN - 90.00%	Paid Off - 360	Oct-15-02
720651 1			109,600.00	109,067.67	Sep-16-03	9.750%	IL - 80.00%	Paid Off - 360	Oct-30-02
720755 1			203,000.00	201,596.23	Sep-30-03	8.000%	CA - 80.56%	Paid Off - 360	Oct-23-02
720941 1			105,600.00	104,938.11	Sep-04-03	8.490%	FL - 80.00%	Paid Off - 360	Oct-16-02
720961 1			293,400.00	291,470.08	Sep-30-03	8.250%	NY - 90.00%	Paid Off - 360	Oct-22-02
720989 1			48,000.00	47,684.26	Sep-23-03	8.250%	MI - 49.48%	Paid Off - 360	Oct-22-02
721102 1			40,800.00	40,587.49	Sep-29-03	9.900%	MO - 80.00%	Paid Off - 360	Oct-30-02
721346 1			260,000.00	258,289.74	Sep-23-03	8.250%	AZ - 80.00%	Paid Off - 360	Oct-31-02
721589 1			91,650.00	90,122.25	Sep-17-03	8.400%	AL - 65.00%	Paid Off - 240	Oct-21-02
722938 1			212,483.00	211,084.39	Sep-30-03	8.250%	WA - 83.33%	Paid Off - 360	Oct-30-02
723104 1			189,600.00	188,152.65	Sep-11-03	7.500%	MI - 80.00%	Paid Off - 360	Oct-30-02
723244 1			175,500.00	174,258.94	Sep-10-03	7.890%	CA - 90.00%	Paid Off - 360	Oct-30-02
723646 1			105,400.00	104,740.64	Sep-16-03	8.500%	MO - 85.00%	Paid Off - 360	Oct-29-02
723740 1			115,600.00	114,007.31	Sep-04-03	9.850%	IL - 80.00%	Paid Off - 360	Oct-22-02
724069 1			221,900.00	220,730.62	Sep-04-03	10.250%	NH - 70.00%	Paid Off - 360	Oct-25-02
724327 1			254,800.00	252,948.45	Sep-23-03	7.750%	IL - 76.98%	Paid Off - 360	Oct-21-02
724758 1			311,000.00	309,074.71	Sep-03-03	8.750%	MA - 77.75%	Paid Off - 360	Oct-31-02
725981 1			297,000.00	295,046.36	Sep-25-03	8.250%	CA - 86.09%	Paid Off - 360	Oct-31-02
729176 1			56,000.00	55,631.66	Sep-23-03	8.250%	MN - 52.83%	Paid Off - 360	Oct-30-02
686168 2			360,000.00	357,386.22	Sep-10-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-11-02

					Page 21 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

694611 2			122,400.00	121,594.78	Sep-12-03	8.250%	CA - 77.47%	Paid Off - 360	Oct-04-02
696455 2			442,000.00	439,149.87	Sep-23-03	8.625%	CA - 85.00%	Paid Off - 360	Oct-15-02
697215 2			253,600.00	251,842.94	Sep-29-03	7.990%	VA - 80.00%	Paid Off - 360	Oct-15-02
697829 2			216,000.00	214,430.32	Sep-17-03	7.750%	CA - 78.55%	Paid Off - 360	Oct-15-02
703333 2			59,000.00	57,605.54	Sep-24-03	11.990%	OR - 32.60%	Paid Off - 180	Sep-30-02
708788 2			134,100.00	132,970.37	Sep-19-03	7.500%	CA - 90.00%	Paid Off - 360	Oct-04-02
709003 2			171,500.00	169,829.25	Sep-18-03	6.750%	CA - 64.72%	Paid Off - 360	Oct-03-02
711478 2			120,000.00	119,286.40	Sep-30-03	8.750%	DC - 60.00%	Paid Off - 360	Oct-09-02
712047 2			25,200.00	24,896.18	Sep-30-03	10.990%	CA - 20.00%	Paid Off - 240	Oct-15-02
712932 2			182,000.00	180,481.85	Sep-22-03	7.550%	CA - 68.04%	Paid Off - 360	Oct-01-02
714721 2			160,000.00	158,775.90	Sep-29-03	7.500%	CA - 57.97%	Paid Off - 360	Oct-15-02
715245 2			392,000.00	389,283.99	Sep-04-03	7.990%	CA - 80.82%	Paid Off - 360	Oct-25-02
715371 2			101,250.00	100,775.03	Sep-15-03	9.900%	IL - 75.00%	Paid Off - 360	Oct-10-02
718684 2			370,800.00	368,595.21	Sep-24-03	8.750%	CA - 90.00%	Paid Off - 360	Oct-18-02
719163 2			336,000.00	333,030.36	Sep-15-03	7.125%	CA - 80.00%	Paid Off - 360	Oct-21-02
720686 2			512,000.00	507,077.91	Sep-30-03	6.990%	CA - 80.00%	Paid Off - 360	Oct-24-02
724962 2			344,000.00	336,884.14	Sep-26-03	6.990%	CA - 79.08%	Paid Off - 360	Oct-31-02
730117 2			49,000.00	48,692.68	Sep-16-03	8.500%	IN - 70.00%	Paid Off - 360	Oct-31-02
31908957 3			290,500.00	288,940.57	Sep-26-03	9.250%	CA - 70.00%	Paid Off - 360	Oct-28-02
31909799 3			164,000.00	162,808.25	Sep-19-03	7.750%	CA - 72.89%	Paid Off - 360	Oct-10-02
31909823 3			144,500.00	143,393.61	Sep-19-03	7.500%	CA - 85.00%	Paid Off - 360	Oct-08-02
31910490 3			126,400.00	125,564.58	Sep-30-03	8.750%	OR - 80.00%	Paid Off - 360	Oct-04-02
31911118 3			89,100.00	88,419.76	Sep-18-03	7.500%	PA - 90.00%	Paid Off - 360	Oct-21-02
31911126 3			161,250.00	160,131.97	Sep-22-03	7.990%	CA - 75.00%	Paid Off - 360	Oct-31-02
31912603 3			204,000.00	202,439.96	Sep-30-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-18-02
31912645 3			146,250.00	145,270.30	Sep-22-03	8.650%	CA - 68.02%	Paid Off - 360	Oct-10-02
31912710 3			232,500.00	231,001.09	Oct-13-03	8.350%	NY - 75.00%	Paid Off - 360	Oct-17-02
31913072 3			178,500.00	177,297.31	Oct-06-03	10.500%	CA - 70.00%	Paid Off - 360	Oct-11-02
31913098 3			160,000.00	158,837.35	Sep-30-03	7.750%	IL - 80.00%	Paid Off - 360	Oct-29-02
31913825 3			40,000.00	39,679.17	Sep-23-03	7.750%	MI - 29.85%	Paid Off - 360	Oct-15-02
31914153 3			170,000.00	168,822.10	Oct-10-03	7.990%	IL - 80.00%	Paid Off - 360	Oct-09-02
31914500 3			177,555.00	176,401.33	Oct-10-03	8.500%	MA - 95.00%	Paid Off - 360	Oct-31-02
31914682 3			159,350.00	158,131.36	Sep-30-03	7.990%	NV - 84.99%	Paid Off - 360	Oct-02-02
31915374 3			146,200.00	145,083.86	Oct-07-03	7.500%	MN - 85.00%	Paid Off - 360	Oct-31-02
31915739 3			200,000.00	198,558.07	Sep-22-03	7.790%	CA - 74.07%	Paid Off - 360	Oct-30-02
31915812 3			166,500.00	165,100.40	Oct-13-03	7.750%	CA - 64.79%	Paid Off - 360	Oct-03-02
31917750 3			220,500.00	219,006.16	Sep-24-03	9.990%	CA - 70.00%	Paid Off - 360	Oct-18-02
31917883 3			105,000.00	104,405.47	Sep-22-03	8.990%	MA - 60.00%	Paid Off - 360	Oct-30-02
31918261 3			185,500.00	184,913.55	Oct-02-03	11.750%	KS - 70.00%	Paid Off - 360	Oct-22-02
31918956 3			190,000.00	188,364.37	Sep-30-03	7.990%	NY - 77.55%	Paid Off - 360	Oct-18-02
31919095 3			270,000.00	268,095.45	Sep-17-03	7.900%	CA - 90.00%	Paid Off - 360	Oct-16-02
31919194 3			85,595.00	85,059.53	Oct-13-03	8.500%	OH - 85.00%	Paid Off - 360	Oct-11-02
31919343 3			128,000.00	127,159.70	Oct-03-03	8.750%	IL - 80.00%	Paid Off - 360	Oct-02-02
31919533 3			171,000.00	169,415.90	Sep-29-03	6.500%	CA - 89.53%	Paid Off - 360	Oct-24-02
31920150 3			90,000.00	87,335.66	Sep-22-03	8.840%	MI - 75.00%	Paid Off - 360	Oct-16-02
31920432 3			188,000.00	186,937.63	Oct-13-03	9.000%	MN - 80.00%	Paid Off - 360	Oct-07-02
31920986 3			233,000.00	230,821.83	Sep-26-03	6.490%	MA - 84.73%	Paid Off - 360	Oct-21-02
31921885 3			233,820.00	232,564.91	Sep-23-03	9.250%	PA - 90.00%	Paid Off - 360	Oct-15-02
31921968 3			311,500.00	308,765.04	Oct-06-03	6.990%	CA - 70.00%	Paid Off - 360	Oct-21-02
31922008 3			129,500.00	128,591.00	Sep-19-03	8.250%	CA - 79.94%	Paid Off - 360	Oct-31-02
31922198 3			217,600.00	216,465.11	Sep-30-03	9.390%	CA - 85.00%	Paid Off - 360	Oct-15-02
31922321 3			157,500.00	156,174.47	Oct-08-03	7.000%	IL - 90.00%	Paid Off - 360	Oct-02-02

					Page 22 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

31922586 3			112,200.00	111,384.63	Oct-03-03	7.750%	OH - 85.00%	Paid Off - 360	Oct-04-02
31922677 3			150,450.00	149,053.04	Sep-30-03	7.000%	MD - 85.00%	Paid Off - 360	Oct-02-02
31922867 3			117,500.00	116,764.99	Sep-30-03	8.500%	FL - 87.04%	Paid Off - 360	Oct-16-02
31923949 3			100,800.00	99,876.37	Sep-30-03	6.750%	CA - 80.00%	Paid Off - 360	Oct-15-02
31924640 3			187,200.00	185,539.60	Sep-29-03	6.750%	CA - 80.00%	Paid Off - 360	Oct-17-02
31925142 3			188,000.00	186,413.23	Sep-26-03	7.490%	CA - 80.00%	Paid Off - 360	Oct-09-02
31925308 3			46,200.00	46,018.86	Oct-13-03	10.750%	MI - 70.00%	Paid Off - 360	Oct-11-02
31925613 3			231,200.00	229,248.55	Sep-30-03	7.490%	CA - 80.00%	Paid Off - 360	Oct-02-02
31925621 3			142,000.00	140,544.27	Sep-23-03	7.500%	CA - 78.02%	Paid Off - 360	Oct-15-02
31925779 3			134,000.00	132,816.55	Sep-23-03	6.750%	MN - 63.81%	Paid Off - 360	Oct-15-02
31926348 3			240,300.00	238,555.23	Sep-18-03	8.250%	CA - 90.00%	Paid Off - 360	Oct-04-02
31926462 3			168,750.00	164,238.63	Sep-19-03	6.990%	CA - 75.00%	Paid Off - 360	Oct-11-02
31927551 3			52,500.00	52,241.55	Sep-17-03	10.750%	MI - 75.00%	Paid Off - 360	Oct-18-02
31927643 3			99,450.00	98,827.91	Sep-30-03	8.500%	NV - 65.00%	Paid Off - 360	Oct-31-02
31927817 3			105,000.00	104,272.13	Sep-17-03	7.990%	WI - 69.08%	Paid Off - 360	Oct-08-02
31928765 3			131,250.00	130,506.79	Sep-23-03	8.990%	CA - 75.00%	Paid Off - 360	Oct-31-02
31929201 3			174,250.00	172,224.16	Oct-09-03	7.400%	NJ - 85.00%	Paid Off - 360	Oct-18-02
31929771 3			42,400.00	42,183.79	Sep-16-03	9.500%	TN - 80.00%	Paid Off - 360	Oct-22-02
31929953 3			188,000.00	186,633.84	Sep-30-03	7.750%	CA - 80.00%	Paid Off - 360	Oct-11-02
31930365 3			244,000.00	241,961.81	Sep-30-03	7.640%	CA - 80.00%	Paid Off - 360	Oct-22-02
31931256 3			165,900.00	164,621.00	Oct-10-03	7.450%	IL - 70.00%	Paid Off - 360	Oct-21-02
31931371 3			160,000.00	158,861.03	Sep-29-03	7.990%	IL - 80.00%	Paid Off - 360	Oct-25-02
31931629 3			116,000.00	114,985.60	Sep-25-03	7.250%	MS - 72.50%	Paid Off - 360	Oct-17-02
31932569 3			73,800.00	73,423.69	Oct-07-03	9.500%	PA - 90.00%	Paid Off - 360	Oct-15-02
31932866 3			92,990.00	92,280.15	Oct-06-03	7.500%	MN - 85.00%	Paid Off - 360	Oct-30-02
31933013 3			119,000.00	118,175.41	Sep-30-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-22-02
31933906 3			100,566.40	100,026.11	Sep-30-03	9.250%	IL - 80.00%	Paid Off - 360	Oct-22-02
31934003 3			132,000.00	130,886.93	Oct-09-03	6.990%	RI - 80.00%	Paid Off - 360	Oct-18-02
31935174 3			123,000.00	122,230.60	Sep-17-03	8.500%	CA - 78.34%	Paid Off - 360	Oct-16-02
31935273 3			160,000.00	158,778.54	Sep-26-03	7.500%	MA - 78.05%	Paid Off - 360	Oct-23-02
31936107 3			121,000.00	119,931.38	Sep-17-03	6.750%	CA - 44.81%	Paid Off - 360	Oct-30-02
31936461 3			154,700.00	153,682.42	Oct-06-03	8.250%	CA - 85.00%	Paid Off - 360	Oct-29-02
31937584 3			199,750.00	198,322.82	Sep-22-03	9.250%	IL - 85.00%	Paid Off - 360	Oct-30-02
31937592 3			172,500.00	171,183.13	Sep-29-03	7.500%	CA - 75.00%	Paid Off - 360	Oct-23-02
31938483 3			191,000.00	190,035.14	Sep-30-03	9.500%	NH - 69.71%	Paid Off - 360	Oct-24-02
31938517 3			102,000.00	101,478.92	Sep-30-03	9.500%	FL - 85.00%	Paid Off - 360	Oct-30-02
31938525 3			90,000.00	89,420.05	Sep-30-03	8.500%	CO - 50.00%	Paid Off - 360	Oct-28-02
31938749 3			182,000.00	180,969.47	Sep-18-03	8.990%	CA - 70.00%	Paid Off - 360	Oct-21-02
31938780 3			139,000.00	138,131.59	Sep-23-03	8.500%	OH - 68.81%	Paid Off - 360	Oct-22-02
31939051 3			185,000.00	183,587.74	Oct-07-03	7.500%	MA - 61.06%	Paid Off - 360	Oct-23-02
31939119 3			210,000.00	207,857.72	Sep-25-03	5.990%	CA - 71.19%	Paid Off - 360	Oct-22-02
31939473 3			123,750.00	122,935.93	Sep-23-03	8.250%	NY - 75.00%	Paid Off - 360	Oct-31-02
31939945 3			80,000.00	79,320.80	Sep-30-03	6.990%	CO - 77.67%	Paid Off - 360	Oct-29-02
31940364 3			80,750.00	80,010.33	Oct-06-03	6.750%	CA - 85.00%	Paid Off - 360	Oct-30-02
31940489 3			128,000.00	127,084.05	Oct-02-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-30-02
31940885 3			74,750.00	74,348.76	Oct-09-03	9.250%	IN - 65.00%	Paid Off - 360	Oct-29-02
31941271 3			59,500.00	59,196.66	Sep-30-03	9.500%	NV - 70.00%	Paid Off - 360	Oct-31-02
31941982 3			101,500.00	100,982.01	Sep-18-03	9.500%	FL - 79.30%	Paid Off - 360	Oct-31-02
100988856 3			127,500.00	126,343.31	Sep-23-03	9.450%	UT - 75.00%	Paid Off - 360	Mar-28-02
101085066 3			256,500.00	254,894.61	Oct-03-03	10.890%	NV - 90.00%	Paid Off - 360	May-02-02
101085462 3			222,000.00	218,752.71	Oct-01-03	6.750%	CA - 77.89%	Paid Off - 360	May-02-02
101101921 3			165,000.00	163,711.19	Sep-19-03	9.500%	CA - 45.21%	Paid Off - 360	May-13-02

					Page 23 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

101103497 3			60,000.00	59,507.31	Sep-26-03	9.250%	FL - 80.00%	Paid Off - 360	May-14-02
101111599 3			51,000.00	50,653.56	Sep-30-03	12.990%	KY - 68.00%	Paid Off - 360	May-16-02
101112225 3			53,500.00	53,036.89	Sep-30-03	8.990%	AL - 71.33%	Paid Off - 360	May-17-02
101112365 3			91,500.00	90,873.21	Sep-17-03	10.140%	ME - 75.00%	Paid Off - 360	May-17-02
101117869 3			125,000.00	123,395.63	Oct-02-03	6.990%	MA - 59.95%	Paid Off - 360	May-20-02
101118792 3			175,500.00	173,645.19	Sep-22-03	7.990%	CA - 78.70%	Paid Off - 360	May-21-02
101119964 3			221,000.00	218,992.23	Sep-16-03	8.750%	CA - 85.00%	Paid Off - 360	May-21-02
101120780 3			196,650.00	194,433.47	Sep-23-03	7.750%	MI - 95.00%	Paid Off - 360	May-21-02
101121929 3			57,000.00	56,162.87	Sep-17-03	8.990%	MI - 48.31%	Paid Off - 360	May-22-02
101122455 3			102,400.00	101,333.62	Sep-26-03	8.250%	FL - 80.00%	Paid Off - 360	May-22-02
101122828 3			310,300.00	307,480.26	Oct-02-03	8.750%	CA - 83.98%	Paid Off - 360	May-22-02
101125854 3			238,500.00	231,210.93	Oct-02-03	7.500%	CA - 90.00%	Paid Off - 360	May-23-02
101126928 3			155,000.00	153,282.72	Sep-25-03	7.750%	CA - 81.58%	Paid Off - 360	May-23-02
101134591 3			80,000.00	79,343.03	Sep-30-03	9.250%	MO - 80.00%	Paid Off - 360	May-28-02
101134872 3			104,000.00	102,957.21	Oct-06-03	8.690%	NM - 80.00%	Paid Off - 360	May-28-02
101135820 3			210,000.00	207,645.90	Sep-16-03	7.690%	MI - 52.50%	Paid Off - 360	May-28-02
101138378 3			208,000.00	206,013.07	Sep-26-03	8.500%	CA - 80.00%	Paid Off - 360	May-29-02
101138543 3			110,400.00	109,154.10	Sep-17-03	8.600%	TX - 80.00%	Paid Off - 360	May-29-02
101139632 3			216,000.00	213,710.88	Sep-29-03	8.250%	CA - 90.00%	Paid Off - 360	May-29-02
101140986 3			136,000.00	134,414.76	Sep-30-03	7.490%	MA - 80.00%	Paid Off - 360	May-29-02
101142347 3			242,000.00	240,112.03	Sep-25-03	9.500%	CA - 73.33%	Paid Off - 360	May-30-02
101142362 3			182,750.00	181,321.35	Sep-25-03	9.490%	FL - 85.00%	Paid Off - 360	May-30-02
101143774 3			63,000.00	62,367.49	Sep-18-03	8.250%	FL - 70.00%	Paid Off - 360	May-30-02
101146272 3			276,000.00	273,363.58	Sep-30-03	8.500%	GA - 80.00%	Paid Off - 360	May-30-02
101150092 3			148,000.00	146,320.80	Oct-06-03	8.250%	CA - 80.00%	Paid Off - 360	May-31-02
101151256 3			80,000.00	79,254.64	Sep-30-03	9.490%	OK - 43.24%	Paid Off - 360	May-31-02
101156537 3			177,000.00	175,284.97	Sep-30-03	8.500%	MA - 76.96%	Paid Off - 360	May-31-02
101327690 3			143,650.00	142,849.69	Sep-30-03	9.990%	MD - 85.00%	Paid Off - 360	Aug-06-02
101451862 3			179,000.00	177,880.90	Sep-18-03	8.990%	NJ - 79.56%	Paid Off - 360	Sep-23-02
31912181 4			182,000.00	179,466.47	Sep-24-03	8.490%	NJ - 70.00%	Paid Off - 360	Oct-15-02
31912579 4			500,000.00	492,831.50	Oct-03-03	8.100%	CT - 63.29%	Paid Off - 360	Oct-15-02
31913239 4			370,000.00	366,732.44	Sep-19-03	6.750%	CA - 59.68%	Paid Off - 360	Oct-16-02
31913759 4			95,000.00	94,309.58	Sep-16-03	7.750%	CT - 73.08%	Paid Off - 360	Oct-10-02
31915796 4			42,000.00	41,037.15	Sep-22-03	11.000%	CA - 15.56%	Paid Off - 180	Oct-30-02
31917040 4			44,339.00	43,275.19	Sep-22-03	11.900%	AZ - 24.50%	Paid Off - 180	Sep-30-02
31919053 4			71,250.00	70,867.52	Sep-30-03	9.250%	MI - 74.61%	Paid Off - 360	Oct-03-02
31919392 4			91,800.00	91,226.10	Oct-08-03	8.990%	SC - 90.00%	Paid Off - 360	Oct-15-02
31921687 4			39,000.00	38,080.52	Sep-29-03	11.800%	CA - 20.00%	Paid Off - 180	Sep-30-02
31926595 4			357,000.00	354,170.44	Sep-29-03	7.500%	NC - 84.00%	Paid Off - 360	Oct-09-02
31927833 4			54,000.00	53,672.97	Sep-19-03	9.000%	TN - 72.00%	Paid Off - 360	Oct-30-02
31928922 4			341,434.00	338,560.54	Oct-13-03	7.750%	CA - 83.28%	Paid Off - 360	Oct-09-02
31932387 4			500,000.00	496,535.74	Oct-09-03	7.990%	TX - 76.92%	Paid Off - 360	Oct-30-02
31933807 4			72,000.00	69,704.09	Sep-23-03	7.740%	TX - 80.00%	Paid Off - 180	Oct-17-02
31934748 4			127,000.00	122,393.13	Sep-26-03	7.750%	CA - 72.57%	Paid Off - 180	Oct-29-02
31940281 4			222,000.00	220,520.45	Sep-24-03	8.500%	CA - 84.09%	Paid Off - 360	Oct-24-02
31941602 4			35,000.00	34,142.23	Sep-22-03	10.250%	CA - 12.07%	Paid Off - 180	Oct-30-02
31941909 4			25,800.00	25,521.36	Oct-08-03	10.990%	UT - 20.00%	Paid Off - 240	Oct-31-02
101084556 4			128,500.00	126,976.45	Sep-23-03	7.750%	CA - 46.73%	Paid Off - 360	May-02-02
101084630 4			499,995.00	490,057.73	Oct-02-03	7.250%	FL - 64.10%	Paid Off - 360	May-02-02
101112381 4			65,000.00	62,046.93	Oct-06-03	8.000%	TX - 58.04%	Paid Off - 180	May-17-02
101128569 4			158,400.00	156,809.72	Sep-23-03	8.250%	CA - 90.00%	Paid Off - 360	May-24-02
101130334 4			60,000.00	57,417.58	Oct-07-03	8.650%	TX - 43.80%	Paid Off - 180	May-24-02

					Page 24 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

101130375 4			110,000.00	108,660.16	Sep-26-03	7.590%	WA - 75.86%	Paid Off - 360	May-24-02
101130748 4			128,000.00	126,317.59	Sep-30-03	7.290%	NV - 57.66%	Paid Off - 360	May-24-02
101137727 4			187,250.00	185,270.94	Sep-26-03	7.990%	NY - 70.00%	Paid Off - 360	May-29-02


					Page 25 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 27, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Loans Liquidated					-	1	1
	Collateral Realized Loss/(Gain) Amount					-	27,470.03	27,470.03
	Net Liquidation Proceeds					-	212,152.32	212,152.32

	*Cumulative*
	Number of Loans Liquidated					-	4	4
	Collateral Realized Loss/(Gain) Amount					-	58,585.90	58,585.90
	Net Liquidation Proceeds					-	588,326.67	588,326.67

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.


	Current Realized Losses							26,692.58
	Current Supplemental Losses (Recoveries)							777.45
	CURRENT NET REALIZED LOSSES							27,470.03

	Beginning Cumulative Realized Losses							31,115.87
	Current Net Realized Losses							27,470.03
	Ending Cumulative Realized Losses							58,585.90

	Current Bankruptcy Losses (Recoveries)							0.00
	Ending Cumulative Bankruptcy Losses							0.00


	Group 1						3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 26 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 27, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL

	MDR					0.00%	0.03%	0.02%
	3 Months Avg MDR					0.00%	0.02%	0.01%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.01%	0.01%

	CDR					0.00%	0.39%	0.29%
	3 Months Avg CDR					0.00%	0.19%	0.14%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.14%	0.11%

	SDA					0.00%	1.65%	1.22%
	3 Months Avg SDA Approximation					0.00%	0.90%	0.67%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.81%	0.60%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group 1
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 27 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 27, 2003 Distribution


	Realized Loss Report - Collateral

	Group 1
	Group 2

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 28 of 31				© COPYRIGHT 2003 Deutsche Bank


	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for October 27, 2003 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 1						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 240,800.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 239,622.35
Total Realized Loss Amount = 27,470.03
Total Net Liquidation Proceeds = 212,152.32
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date

31929896 3			240,800.00	239,622.35	-	9.700%	TX - 80.00%	360	Oct-21-02


					Page 29 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL

	Has the Step Down Date been reached?							No

	Is there a Trigger Event in effect?							No

	Has the Optional Termination Event been reached?							No


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 30 of 31				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Additional Certificate Report for October 27, 2003 Distribution


	Additional Certificate Report


	CLASS		Net WAC Rate Carryover Due	Net WAC Rate Carryover Paid	Interest Carryforward Amount Due	Interest Carryforward Amount Paid	Net PPIS & Relief Act Shortfall Allocation Due	Net PPIS & Relief Act Shortfall Allocation Paid

	A-1		0.00	0.00	0.00	0.00	0.00	0.00
	A-2		0.00	0.00	0.00	0.00	0.00	0.00
	A-IO		0.00	0.00	0.00	0.00	0.00	0.00
	M-1		0.00	0.00	0.00	0.00	0.00	0.00
	M-2		0.00	0.00	0.00	0.00	0.00	0.00
	M-3		0.00	0.00	0.00	0.00	0.00	0.00
	M-4		0.00	0.00	0.00	0.00	0.00	0.00
	CE		0.00	0.00	0.00	0.00	0.00	0.00


				Page 31 of 31				© COPYRIGHT 2003 Deutsche Bank

NEW CENTURY MORT SEC INC HOME EQUITY LOAN TR SER 2003 2 8-K