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~~November 2725, 2003 NEW CENTURY MORTGAGE SECURITIES, INC. (as depositor, New Century Mortgage Corporation, as Master Servicer, Deutsche Bank National Trust Company as Trustee.) NEW CENTURY HOME MORTGAGE SEC HOME EQUITY LOAN SER 2003-4 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104454-02 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~~November 2725, 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 September 1,2003. Date: ~~Oct~~Nov 2926, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~October~~November 2725, 2003.

	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	October 27, 2003 Distribution
	November 25, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Prepayment Report				15
			9.	Prepayment Detail Report				18
			10.	Realized Loss Report				19
			11.	Realized Loss Detail Report				22
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				23
			13.	Additional Certificate Report				24
				Total Number of Pages				24
			CONTACTS
				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				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:		NC Capital Corp.					Cut-Off Date: September 1, 2003
	Certificate Insurer(s):							Closing Date: September 23, 2003
								First Payment Date: October 27, 2003
	Servicer(s):		New Century Mortgage Corporation Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		UBS Investment Bank Co-Lead Underwriter					Record Date: ~~October~~November 24, 2003
			UBS Investment Bank Co-Lead Underwriter					~~September~~October 3031, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	REMIC II
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 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	908,399,000.00			~~908~~906,~~399~~425,~~000~~652.0067	1,~~261~~073,~~160~~359.6104	14,~~973~~803,~~347~~338.3322	35,~~234~~876,~~507~~697.9426	-	-	~~906~~901,~~425~~622,~~652~~314.6745
A-2	FLT,STEP	150,000,000.00			~~150~~149,~~000~~600,~~000~~054.0065	~~212~~180,~~500~~766.0073	~~399~~611,~~945~~384.3563	~~612~~792,~~445~~151.3536	-	-	~~149~~148,~~600~~988,~~054~~670.6501
A-3	FLT,STEP	81,192,000.00			8180,~~192~~778,~~000~~277.0086	9883,~~152~~291.1138	~~413~~632,~~722~~444.1480	~~511~~715,~~874~~736.2518	-	-	80,~~778~~145,~~277~~833.8606
A-4	FLT,STEP	73,975,000.00			73,975,000.00	~~116~~99,~~675~~516.0192	-	~~116~~99,~~675~~516.0192	-	-	73,975,000.00
M-1	MEZ,FLT	97,686,000.00			97,686,000.00	~~172~~147,~~524~~153.3311	-	~~172~~147,~~524~~153.3311	-	-	97,686,000.00
M-2	MEZ,FLT	78,901,000.00			78,901,000.00	~~219~~186,~~081~~863.7887	-	~~219~~186,~~081~~863.7887	-	-	78,901,000.00
M-3	MEZ,FLT	22,543,000.00			22,543,000.00	6757,~~491~~566.2406	-	6757,~~491~~566.2406	-	-	22,543,000.00
M-4	MEZ,FLT	18,786,000.00			18,786,000.00	8169,~~969~~915.5823	-	8169,~~969~~915.5823	-	-	18,786,000.00
M-5	MEZ,FLT	18,786,000.00			18,786,000.00	8673,~~405~~698.1652	-	8673,~~405~~698.1652	-	-	18,786,000.00
M-6	MEZ,FLT	15,029,000.00			15,029,000.00	6958,~~125~~959.0560	-	6958,~~125~~959.0560	-	-	15,029,000.00
CE	SUB	37,574,583.20			37,~~574~~571,~~583~~792.2008	56,~~832~~171,~~099~~648.1415	~~2,791.12~~-	56,~~834~~171,~~890~~648.2615	-	-	37,571,792.08
P	P	100.00			100.00	327,~~429~~698.3438	-	327,~~429~~698.3438	-	-	100.00
R-II	R	-			-	-	-	-	-	-	-
Total		1,502,871,683.20			1,~~502~~500,~~871~~081,~~683~~877.2026	8,~~220~~230,~~613~~436.3599	26,~~789~~047,~~805~~167.9465	1114,~~010~~277,~~419~~604.2964	-	-	1,~~500~~494,~~081~~034,~~877~~709.2661
	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	0910/2327/03	1011/2624/03		A-Act/360	64352VDF5	908,399,000.00	~~1,000~~997.~~000000~~827665	1.~~388333~~181594	25.~~172335~~287697	36.~~560669~~469291	~~997~~992.~~827665~~539968
A-2	0910/2327/03	1011/2624/03		A-Act/360	64352VDG3	150,000,000.00	~~1,000~~997.~~000000~~333698	1.~~416667~~205112	24.~~666302~~075898	45.~~082969~~281009	~~997~~993.~~333698~~257800
A-3	0910/2327/03	1011/2624/03		A-Act/360	64352VDH1	81,192,000.00	~~1,000~~994.~~000000~~904398	1.~~208889~~025857	57.~~095602~~789496	68.~~304491~~815353	~~994~~987.~~904398~~114901
A-4	0910/2327/03	1011/2624/03		A-Act/360	64352VDJ7	73,975,000.00	1,000.000000	1.~~577222~~345278	-	1.~~577222~~345278	1,000.000000
M-1	0910/2327/03	1011/2624/03		A-Act/360	64352VDK4	97,686,000.00	1,000.000000	1.~~766111~~506389	-	1.~~766111~~506389	1,000.000000
M-2	0910/2327/03	1011/2624/03		A-Act/360	64352VDL2	78,901,000.00	1,000.000000	2.~~776667~~368333	-	2.~~776667~~368333	1,000.000000
M-3	0910/2327/03	1011/2624/03		A-Act/360	64352VDM0	22,543,000.00	1,000.000000	2.~~993889~~553611	-	2.~~993889~~553611	1,000.000000
M-4	0910/2327/03	1011/2624/03		A-Act/360	64352VDN8	18,786,000.00	1,000.000000	43.~~363333~~721667	-	43.~~363333~~721667	1,000.000000
M-5	0910/2327/03	1011/2624/03		A-Act/360	64352VDP3	18,786,000.00	1,000.000000	43.~~599444~~923055	-	43.~~599444~~923055	1,000.000000
M-6	0910/2327/03	1011/2624/03		A-Act/360	64352VDQ1	15,029,000.00	1,000.000000	43.~~599444~~923055	-	43.~~599444~~923055	1,000.000000
CE	0910/01/03	0910/3031/03		A-30/360	NC0304101	1,540,446,266.40	~~1,000~~998.~~000000~~187151	34.~~785980~~006403	~~0.001812~~-	34.~~787792~~006403	~~998~~994.~~187151~~261556
P				-	NC0304102	100.00	1,000.000000	34276,~~293~~983.~~400000~~800000	-	34276,~~293~~983.~~400000~~800000	1,000.000000
R-II				-	NC0304103	-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	REMIC II
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 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	908,399,000.00		12,~~261~~334,~~160~~519.6165		~~946~~4,~~488~~748,546.0709	12,~~026~~028,~~859~~139.2646	16,~~973~~776,~~347~~685.3355	39,~~234~~111,~~507~~205.9420	-	-	~~906~~901,~~425~~622,~~652~~314.6745
A-2	150,000,000.00		~~212~~393,~~500~~266.0073		~~237~~697,~~750~~481.0045	~~162~~313,~~195~~848.3554	~~399~~1,~~945~~011,329.3599	~~612~~1,~~445~~404,596.3572	-	-	~~149~~148,~~600~~988,~~054~~670.6501
A-3	81,192,000.00		98181,~~152~~443.1149		~~245~~721,~~939~~507.7036	~~167~~324,~~782~~659.4458	~~413~~1,~~722~~046,166.1494	~~511~~1,~~874~~227,610.2543	-	-	80,~~778~~145,~~277~~833.8606
A-4	73,975,000.00		~~116~~216,~~675~~191.0193		-	-	-	~~116~~216,~~675~~191.0193	-	-	73,975,000.00
M-1	97,686,000.00		~~172~~319,~~524~~677.3344		0.00	-	-	~~172~~319,~~524~~677.3344	-	-	97,686,000.00
M-2	78,901,000.00		~~219~~405,~~081~~945.7865		-	-	-	~~219~~405,~~081~~945.7865	-	-	78,901,000.00
M-3	22,543,000.00		67125,~~491~~057.2430		-	-	-	67125,~~491~~057.2430	-	-	22,543,000.00
M-4	18,786,000.00		81151,~~969~~884.5881		-	-	-	81151,~~969~~884.5881	-	-	18,786,000.00
M-5	18,786,000.00		86160,~~405~~103.1668		-	-	-	86160,~~405~~103.1668	-	-	18,786,000.00
M-6	15,029,000.00		69128,~~125~~084.0565		-	-	-	69128,~~125~~084.0565	-	-	15,029,000.00
CE	37,574,583.20		512,~~832~~003,~~099~~747.1429		2,791.12	0.00	2,791.12	512,~~834~~006,~~890~~538.2641	-	-	37,571,792.08
P	100.00		331,~~429~~127.3472		-	-	-	331,~~429~~127.3472	-	-	100.00
R-II	-		-		-	-	-	-	-	-	-
Total	1,502,871,683.20		816,~~220~~451,~~613~~050.3534		16,~~432~~170,~~968~~326.8901	12,~~356~~666,~~837~~647.0558	28,~~789~~836,~~805~~973.9459	1125,~~010~~288,~~419~~023.2993	-	-	1,~~500~~494,~~081~~034,~~877~~709.2661
	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	1.47000%	~~908~~906,~~399~~425,~~000~~652.0067			1,~~261~~073,~~160~~359.6104	-	-	-	1,~~261~~073,~~160~~359.6104	1,~~261~~073,~~160~~359.6104	-
A-2	1.50000%	~~150~~149,~~000~~600,~~000~~054.0065			~~212~~180,~~500~~766.0073	-	-	-	~~212~~180,~~500~~766.0073	~~212~~180,~~500~~766.0073	-
A-3	1.28000%	8180,~~192~~778,~~000~~277.0086			9883,~~152~~291.1138	-	-	-	9883,~~152~~291.1138	9883,~~152~~291.1138	-
A-4	1.67000%	73,975,000.00			~~116~~99,~~675~~516.0192	-	-	-	~~116~~99,~~675~~516.0192	~~116~~99,~~675~~516.0192	-
M-1	1.87000%	97,686,000.00			~~172~~147,~~524~~153.3311	-	-	-	~~172~~147,~~524~~153.3311	~~172~~147,~~524~~153.3311	-
M-2	2.94000%	78,901,000.00			~~219~~186,~~081~~863.7887	-	-	-	~~219~~186,~~081~~863.7887	~~219~~186,~~081~~863.7887	-
M-3	3.17000%	22,543,000.00			6757,~~491~~566.2406	-	-	-	6757,~~491~~566.2406	6757,~~491~~566.2406	-
M-4	4.62000%	18,786,000.00			8169,~~969~~915.5823	-	-	-	8169,~~969~~915.5823	8169,~~969~~915.5823	-
M-5	4.87000%	18,786,000.00			8673,~~405~~698.1652	-	-	-	8673,~~405~~698.1652	8673,~~405~~698.1652	-
M-6	4.87000%	15,029,000.00			6958,~~125~~959.0560	-	-	-	6958,~~125~~959.0560	6958,~~125~~959.0560	-
CE	4.~~65676~~93705%	1,~~540~~537,~~446~~653,~~266~~669.4035			56,~~832~~171,~~099~~648.1518	-	-	-	56,~~832~~171,~~099~~648.1518	56,~~832~~171,~~099~~648.1415	0.0103
P		100.00			-	-	-	-	-	327,~~429~~698.3438	-
R-II		-			-	-	-	-	-	-	-
Total		3,~~005~~000,~~743~~163,~~366~~754.4053			8,~~217~~202,~~184~~738.0264	-	-	-	8,~~217~~202,~~184~~738.0264	8,~~220~~230,~~613~~436.3599	0.0103
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					~~814~~1,~~482~~243,829.3643	14,~~975~~803,~~323~~338.5822	26,~~789~~047,~~805~~167.9465
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					~~814~~1,~~482~~243,829.3643	14,~~975~~803,~~323~~338.5822	26,~~789~~047,~~805~~167.9465
	Interest Collections					2,~~084~~060,~~850~~380.5417	6,~~702~~639,~~754~~371.3848	8,~~787~~699,~~604~~751.9265
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	327,~~429~~699.4904
	Interest Fees					(~~158~~122,~~316~~381.6244)	(~~471~~374,~~261~~632.3724)	(~~629~~497,~~577~~013.9968)
	TOTAL NET INTEREST					1,~~926~~937,~~533~~998.9273	6,~~231~~264,~~493~~739.0124	8,~~161~~230,~~456~~437.4201
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					23,~~741~~181,~~016~~828.2816	811,~~206~~068,~~816~~077.5946	1014,~~951~~277,~~262~~604.3666
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~329~~308,~~977~~530.7933	1,~~026~~001,~~859~~280.2620	1,~~356~~309,~~837~~810.0553
	Curtailments					453,782.5797	19273,~~775~~225.7099	19327,~~780~~008.2796
	Prepayments in Full					~~484~~881,~~500~~516.0013	~~928~~3,~~688~~528,832.6203	14,~~413~~410,~~188~~348.6216
	Repurchses/Substitutions					0.00	0.00	0.00
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Other Additional Principal					0.00	0.00	0.00
	Delinquent Interest					(3172,~~564~~698.7710)	(85193,~~547~~077.77)	(~~117~~265,~~112~~775.5487)
	Realized Losses					0.00	0.00	0.00
	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					3172,~~564~~698.7710	85193,~~547~~077.77	~~117~~265,~~112~~775.5487
	TOTAL PRINCIPAL COLLECTED					~~814~~1,~~482~~243,829.3643	14,~~975~~803,~~323~~338.5822	26,~~789~~047,~~805~~167.9465
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					2,~~100~~095,~~710~~974.9116	6,~~746~~735,~~050~~173.9612	8,~~846~~831,~~761~~147.8728
	Repurchased Interest					0.00	0.00	0.00
	Liquidation Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					(~~107~~742.5384)	(~~429~~6,738.4716)	(~~537~~7,481.00)
	Delinquent Interest					(~~223~~490,~~305~~839.7091)	(~~655~~1,~~193~~425,472.0813)	(~~878~~1,~~498~~916,312.7804)
	Realized Losses					0.00	0.00	0.00
	Compensating Interest					~~107~~742.5384	~~429~~6,738.4716	~~537~~7,481.00
	Subsistution Shortfalls					0.00	0.00	0.00
	Civil Releif Act Shortfalls					0.00	0.00	0.00
	Loss Recoveries					0.00	0.00	0.00
	Loan Adjustments					0.00	0.00	0.00
	Interest Advanced					~~207~~455,~~445~~245.3392	~~611~~1,~~896~~329,670.5049	~~819~~1,~~341~~784,916.8341
	TOTAL INTEREST COLLECTED					2,~~084~~060,~~850~~380.5417	6,~~702~~639,~~754~~371.3848	8,~~787~~699,~~604~~751.9265
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 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							327,~~429~~698.3438
	Available Funds Cap Account Distributions							0.00
	Available Fund Cap Account Interest Earnings							0.1566
	TOTAL INTEREST OTHER ACCOUNTS							327,~~429~~699.4904
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					~~157~~121,~~466~~532.3095	~~468~~372,~~730~~105.2354	~~626~~493,~~196~~638.5349
	Trustee Fee					~~850~~848.3249	2,~~531~~526.1470	3,~~381~~375.4619
	Extraordinary Trust Fund Expenses					0.00	0.00	0.00
	TOTAL INTEREST OTHER FEES					~~158~~122,~~316~~381.6244	~~471~~374,~~261~~632.3724	~~629~~497,~~577~~013.9968
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 25, 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
	Deposits to the Available Funds Cap Reserve Account							0.00
	Available Funds Cap Account Interest Earnings							0.1566
	Amounts Withdrawn to Pay Net WAC Carryover							0.00
	Interest Earnings Paid to Class CE							(0.1566)
	Ending Available Funds Cap Reserve Account Balance							1,000.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
	PMI and TAX PREMIUM							0.00
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							37,571,792.08
	Overcollateralization Target Amount							37,571,792.08
	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							~~2,791~~0.1200
	Credit Enhancement Percentage							19.~~285800~~363860%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1003	7508	8511
	Prior					-1,002	-7,503	-8,505
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(12)	(520)	(622)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,~~002~~000	7,~~503~~483	8,~~505~~483
	Principal Balance:
	Original					377,919,131.56	1,124,952,551.64	1,502,871,683.20
	Prior					-377,104,649.20	-1,122,977,228.06	-1,500,081,877.26
	Prefunding					-	-	-
	Scheduled Principal					(~~329~~308,~~977~~530.7933)	(1,~~026~~001,~~859~~280.2620)	(1,~~356~~309,~~837~~810.0553)
	Partial and Full Voluntary Prepayments					(~~484~~935,~~504~~299.5710)	(~~948~~3,~~464~~802,058.3202)	(14,~~432~~737,~~968~~357.8912)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~377~~375,~~104~~860,~~649~~819.2077	1,~~122~~118,~~977~~173,~~228~~889.0684	1,~~500~~494,~~081~~034,~~877~~709.2661
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 8 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					6.670351%	7.196091%	7.063886%
	Weighted Average Coupon Prior					6.670351%	7.196091%	7.063886%
	Weighted Average Coupon Current					6.~~670351~~669684%	7.~~196091~~197125%	7.~~063886~~064532%
	Weighted Average Months to Maturity Original					352	349	350
	Weighted Average Months to Maturity Prior					-352	-349	-350
	Weighted Average Months to Maturity Current					352	349	350
	Weighted Avg Remaining Amortization Term Original					352	350	350
	Weighted Avg Remaining Amortization Term Prior					-352	-350	-350
	Weighted Avg Remaining Amortization Term Current					~~352~~351	~~350~~349	~~350~~349
	Weighted Average Seasoning Original					1.19	1.12	1.13
	Weighted Average Seasoning Prior					-1.19	-1.12	-1.13
	Weighted Average Seasoning Current					12.19	12.12	12.13
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 9 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.271%	3.782%
	Weighted Average Margin Prior					4.271%	3.782%
	Weighted Average Margin Current					4.~~271~~269%	3.782%
	Weighted Average Max Rate Original					10.786%	9.598%
	Weighted Average Max Rate Prior					10.786%	9.598%
	Weighted Average Max Rate Current					10.~~786~~781%	9.~~598~~595%
	Weighted Average Min Rate Original					5.150%	4.773%
	Weighted Average Min Rate Prior					5.150%	4.773%
	Weighted Average Min Rate Current					5.~~150~~147%	4.773%
	Weighted Average Cap Up Original					1.221%	1.007%
	Weighted Average Cap Up Prior					1.221%	1.007%
	Weighted Average Cap Up Current					1.221%	1.~~007~~006%
	Weighted Average Cap Down Original					1.221%	1.007%
	Weighted Average Cap Down Prior					1.221%	1.007%
	Weighted Average Cap Down Current					1.221%	1.~~007~~006%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					~~141~~121,~~605~~532.9395	~~425~~372,~~433~~105.6554	~~567~~493,~~039~~638.5849
	Delinquent Servicing Fees					1535,~~860~~593.3799	4395,~~296~~801.5864	59131,~~156~~395.9563
	TOTAL SERVICING FEES					157,~~466~~126.3094	~~468~~467,~~730~~907.2318	~~626~~625,~~196~~034.5312
	Total Servicing Fees					~~173~~192,~~326~~720.6793	~~512~~563,~~026~~708.8182	~~685~~756,~~353~~429.4875
	Delinquent Servicing Fees					(1535,~~860~~593.3799)	(4395,~~296~~801.5864)	(59131,~~156~~395.9563)
	Compensating Interest					~~107~~742.5384	~~429~~6,738.4716	~~537~~7,481.00
	COLLECTED SERVICING FEES					157,~~573~~869.8378	~~469~~474,~~159~~645.7034	~~626~~632,~~733~~515.5312
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Prepayment Interest Shortfall					(~~107~~742.5384)	(~~429~~6,738.4716)	(~~537~~7,481.00)
	Compensating Interest					~~107~~742.5384	~~429~~6,738.4716	~~537~~7,481.00
	NET PREPAYMENT INTERET SHORTFALLS					0.00	0.00	0.00
	Principal Advances					3172,~~564~~698.7710	85193,~~547~~077.77	~~117~~265,~~112~~775.5487
	Interest Advances					~~207~~455,~~445~~245.3392	~~611~~1,~~896~~329,670.5049	~~819~~1,~~341~~784,916.8341
	TOTAL ADVANCES					~~239~~527,~~010~~944.1002	~~697~~1,~~444~~522,748.2726	~~936~~2,~~454~~050,692.3728
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
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	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-149,728.25	-	-	-149,728.25
		% Balance			0.0001%	0.00%	0.00%	0.0001%
		# Loans			-1	-	-	-1
		% # Loans			0.0001%	0.00%	0.00%	0.0001%
FORECLOSURE		Balance		-	-254,428.70	-	-	-254,428.70
		% Balance		0.00%	0.0002%	0.00%	0.00%	0.0002%
		# Loans		-	-1	-	-	-1
		% # Loans		0.00%	0.0001%	0.00%	0.00%	0.0001%
BANKRUPTCY		Balance		~~618~~1,~~353~~611,465.1063	-	-	-	~~618~~1,~~353~~611,465.1063
		% Balance		0.0411%	0.00%	0.00%	0.00%	0.0411%
		# Loans		37	-	-	-	37
		% # Loans		0.0408%	0.00%	0.00%	0.00%	0.0408%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~618~~1,~~353~~611,465.1063	-404,156.95	-	-	~~618~~2,~~353~~015,622.1058
		% Balance		0.0411%	0.0003%	0.00%	0.00%	0.0413%
		# Loans		37	-2	-	-	39
		% # Loans		0.0408%	0.0002%	0.00%	0.00%	0.0411%
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 11 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
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	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-149,728.25	-	-	-149,728.25
		% Balance			0.0001%	0.00%	0.00%	0.0001%
		# Loans			-1	-	-	-1
		% # Loans			0.0001%	0.00%	0.00%	0.0001%
FORECLOSURE		Balance		-	-254,428.70	-	-	-254,428.70
		% Balance		0.00%	0.0002%	0.00%	0.00%	0.0002%
		# Loans		-	-1	-	-	-1
		% # Loans		0.00%	0.0001%	0.00%	0.00%	0.0001%
BANKRUPTCY		Balance		~~618~~1,~~353~~230,184.1066	-	-	-	~~618~~1,~~353~~230,184.1066
		% Balance		0.0611%	0.00%	0.00%	0.00%	0.0611%
		# Loans		36	-	-	-	36
		% # Loans		0.0408%	0.00%	0.00%	0.00%	0.0408%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~618~~1,~~353~~230,184.1066	-404,156.95	-	-	~~618~~1,~~353~~634,341.1061
		% Balance		0.0611%	0.0004%	0.00%	0.00%	0.0615%
		# Loans		36	-2	-	-	38
		% # Loans		0.0408%	0.0003%	0.00%	0.00%	0.0411%
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 12 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
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	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-381,280.97	-	-	-	-381,280.97
		% Balance		0.0010%	0.00%	0.00%	0.00%	0.0010%
		# Loans		-1	-	-	-	-1
		% # Loans		0.0010%	0.00%	0.00%	0.00%	0.0010%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-381,280.97	-	-	-	-381,280.97
		% Balance		0.0010%	0.00%	0.00%	0.00%	0.0010%
		# Loans		-1	-	-	-	-1
		% # Loans		0.0010%	0.00%	0.00%	0.00%	0.0010%
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 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report for November 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
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
SPACE INTENTIONALLY LEFT BLANK
				Page 14 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					12	520	622
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					12	520	622
	Paid in Full Balance					~~484~~881,~~500~~516.0013	~~928~~3,~~688~~528,832.6203	14,~~413~~410,~~188~~348.6216
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					453,782.5797	19273,~~775~~225.7099	19327,~~780~~008.2796
	Total Prepayment Amount					~~484~~935,~~504~~299.5710	~~948~~3,~~464~~802,058.3202	14,~~432~~737,~~968~~357.8912
	Cumulative
	Number of Paid in Full Loans					13	525	628
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					13	525	628
	Paid in Full Balance					~~484~~1,~~500~~366,016.0013	~~928~~4,~~688~~457,520.6265	15,~~413~~823,~~188~~536.6278
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					453,787.5754	19293,~~775~~001.7069	19346,~~780~~789.2723
	Total Prepayment Amount					~~484~~1,~~504~~419,803.5767	~~948~~4,~~464~~750,522.3234	16,~~432~~170,~~968~~326.8901
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					0.1325%	0.0834%	0.1032%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.1319%	0.0821%	0.1021%
	CPR					12.5394%	13.0199%	13.1473%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					12.5324%	12.0151%	12.1444%
	PSA					~~645~~672.0623%	~~451~~942.1057%	~~502~~873.1721%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~645~~663.0643%	~~451~~776.1034%	~~502~~747.1708%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 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 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
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	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 6						Loan Group 1 = Group 1 Group
Total Loan Count = 22						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 1,413,300.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 4,414,147.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 1,413,188.62
Total Prepayment Amount = 4,410,348.16
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
980111 1			128,100.00	127,988.62	Sep-30-03	6.700%	CA - 69.94%	Paid Off - 360
943280 1			205,000.00	204,649.45	Oct-22-03	6.800%	CA - 75.03%	Paid Off - 360
1007353 1			216,000.00	216,000.00	Sep-29-03	6.300%	NM - 80.00%	Paid Off - 360
968832 1			87,000.00	86,943.95	Oct-13-03	8.200%	FL - 62.14%	Paid Off - 360
1027680 1			208,000.00	208,000.00	Sep-25-03	7.490%	NE - 99.52%	Paid Off - 360
989436 1			314,500.00	313,952.87	Oct-20-03	7.125%	NY - 83.58%	Paid Off - 360
1042619 1			322,700.00	322,700.00	Sep-30-03	4.640%	CA - 89.64%	Paid Off - 300
996811 1			86,445.00	86,394.75	Oct-15-03	8.700%	CA - 61.75%	Paid Off - 360
1072844 1			54,000.00	54,000.00	Sep-29-03	9.600%	NM - 20.00%	Paid Off - 240
997247 1			80,000.00	79,747.38	Oct-23-03	6.990%	CA - 64.00%	Paid Off - 180
1026220 2			484,500.00	484,500.00	Sep-30-03	7.990%	CA - 86.52%	Paid Off - 360
999401 1			102,000.00	101,930.15	Oct-07-03	7.900%	MI - 85.00%	Paid Off - 360
1002095 1			281,222.00	280,986.90	Oct-29-03	6.900%	FL - 85.74%	Paid Off - 360
1010324 1			140,500.00	140,389.30	Oct-24-03	7.200%	CA - 72.05%	Paid Off - 360
1013263 1			300,900.00	300,625.33	Oct-09-03	6.450%	CA - 85.00%	Paid Off - 360
1019750 1			132,000.00	131,909.25	Oct-20-03	7.880%	CA - 100.00%	Paid Off - 360
1035030 1			88,000.00	87,927.15	Oct-20-03	6.950%	FL - 80.00%	Paid Off - 360
1037000 1			267,750.00	267,750.00	Oct-06-03	4.640%	CA - 85.00%	Paid Off - 300
1038587 1			146,250.00	146,094.38	Oct-27-03	5.650%	CA - 75.00%	Paid Off - 360
1043167 1			83,200.00	83,152.13	Oct-30-03	8.750%	LA - 80.00%	Paid Off - 360
1046178 1			63,750.00	63,730.50	Oct-16-03	11.700%	TX - 75.00%	Paid Off - 360
1051577 1			380,000.00	379,676.01	Oct-27-03	6.800%	IL - 80.00%	Paid Off - 360
1058337 1			268,000.00	267,812.74	Oct-31-03	7.800%	TX - 78.13%	Paid Off - 360
1069125 1			279,000.00	278,823.90	Oct-24-03	8.300%	CA - 87.19%	Paid Off - 360
1075423 1			190,400.00	190,400.00	Oct-27-03	4.610%	CO - 85.00%	Paid Off - 300
1083039 1			35,980.00	35,935.89	Oct-08-03	10.550%	UT - 20.00%	Paid Off - 240
938871 2			383,250.00	383,024.89	Oct-30-03	8.650%	OR - 75.00%	Paid Off - 360
1022228 2			499,000.00	498,491.24	Oct-23-03	5.875%	CA - 88.32%	Paid Off - 360
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Realized Losses							0.00
	Current Supplemental Losses (Recoveries)							0.00
	CURRENT NET REALIZED LOSSES							0.00
	Beginning Cumulative Realized Losses							0.00
	Current Net Realized Losses							0.00
	Ending Cumulative Realized Losses							0.00
	Current Bankruptcy Losses (Recoveries)							0.00
	Cumulative Bankruptcy Losses							0.00
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
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	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	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 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 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 21 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
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
SPACE INTENTIONALLY LEFT BLANK
					Page 22 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Is there a Trigger Event in effect?							No
	Has the Optional Termination Event been reached?							No
	Has Master Servicer Failed Test							No
	Is Overcollateralization Step-Up Trigger in Effect?							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 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-4
	Asset Backed Pass-Through Certificates
	Additional Certificate Report for October 27, 2003 Distribution
	Additional Certificate Report for November 25, 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-3		0.00	0.00	0.00	0.00	0.00	0.00
	A-4		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
	M-5		0.00	0.00	0.00	0.00	0.00	0.00
	M-6		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 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · NEW CENTURY MORTGAGE SEC HOME EQUITY LOAN SER 2003-4