

                                    UNITED STATES
                          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): May 25, 2005
                             (Date of earliest event reported)


                           New Century Mortgage Securities LLC
           (as Depositor under the Indenture, dated as April 22, 2005,
             providing for the issuance of New Century Home Equity Loan
                        Trust Asset-Backed Notes Series 2005-2)
                    (Exact name of registrant as specified in charter)



                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-123395-01                             41-2152421
          (Commission File Number)        (I.R.S. Employer Identification No.)


          18400 Von Karman, Suite 100
          Irvine, Californis                             92612
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (949) 224-5706


             (Former name or former address, if changed since last report.)


     Check the appropriate box below if the Form 8-K filing is intended to
     simultaneously satisfy the filing obligation of the registrant under any
     of the following provisions (see General Instruction A.2. below):

     [  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

     [  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
     (17 CFR 240.14a-12(b))

     [  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

     [  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution reported to the holders of
     New Century Home Equity Loan Trust Asset Backed Notes, Series 2005-2 which was made on
     April 22, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     May 25, 2005.


                                  SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
    caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly
    authorized.



                                       DEUTSCHE BANK NATIONAL TRUST COMPANY,
                                       IN ITS CAPACITY AS INDENTURE TRUSTEE
                                       UNDER THE SERVICING AGREEMENT ON BEHALF
                                       OF NEW CENTURY MORTGAGE SECURITIES LLC,
                                       as REGISTRANT



          Date:  Jun 02, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

         DOCUMENT

         99.1 Monthly Remittance Statement to the Certificateholders dated as of
              May 25, 2005.



New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				New Century Credit Corp.						1. Certificate Payment Report					2
				New Century Credit Corp.						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					14

										7. Foreclosure Report					15
										8. Prepayment Report					16
										9. Prepayment Detail Report					19
										9. Prepayment Detail Report					19
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)						11. Realized Loss Detail Report					25
				Servicer(s)						12. Triggers and Adj. Cert. Report					26
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					26
				New Century Mortgage Corporation						13. Additional Certificate Report					27
										13. Additional Certificate Report					27


				Underwriter(s)
				Lehman Brothers


										Total Number of Pages					27
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			April 01, 2005			Eiko Akiyama
				Close Date:			April 22, 2005			Administrator
				First Distribution Date:			May 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			May 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			April 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							May 24, 2005
							May 24, 2005

										https://www.tss.db.com/invr






Page 1 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1SS	SR	$	1,141,987,000.00		1,141,987,000.00		3,413,297.32		9,297,019.25		12,710,316.57		0.00		0.00		1,132,689,980.75
A-1SS	SR	$	1,141,987,000.00		1,141,987,000.00		3,413,297.32		9,297,019.25		12,710,316.57		0.00		0.00		1,132,689,980.75
A-1MZA	SR	$	140,456,000.00		140,456,000.00		419,810.46		1,143,464.97		1,563,275.43		0.00		0.00		139,312,535.03
A-1MZB	SR	$	130,500,000.00		130,500,000.00		386,464.11		1,180,458.09		1,566,922.20		0.00		0.00		129,319,541.91
A-1MZC	SR	$	14,500,000.00		14,500,000.00		44,535.46		0.00		44,535.46		0.00		0.00		14,500,000.00
A-2A	SR	$	511,843,000.00		511,843,000.00		1,450,090.89		12,758,128.97		14,208,219.86		0.00		0.00		499,084,871.03
A-2B	SR	$	241,470,000.00		241,470,000.00		704,024.50		0.00		704,024.50		0.00		0.00		241,470,000.00
A-2C	SR	$	114,691,000.00		114,691,000.00		347,006.51		0.00		347,006.51		0.00		0.00		114,691,000.00
A-2MZ	SR	$	96,445,000.00		96,445,000.00		288,265.51		1,417,571.52		1,705,837.03		0.00		0.00		95,027,428.48
M-1	SR	$	98,666,000.00		98,666,000.00		310,279.33		0.01		310,279.34		0.00		0.00		98,665,999.99
M-2	SR	$	88,201,000.00		88,201,000.00		278,986.60		0.00		278,986.60		0.00		0.00		88,201,000.00
M-3	MEZ	$	58,302,000.00		58,302,000.00		186,551.48		0.00		186,551.48		0.00		0.00		58,302,000.00
M-4	MEZ	$	53,818,000.00		53,818,000.00		179,110.47		0.00		179,110.47		0.00		0.00		53,818,000.00
M-5	MEZ	$	47,838,000.00		47,838,000.00		160,085.60		0.00		160,085.60		0.00		0.00		47,838,000.00
M-6	MEZ	$	46,343,000.00		46,343,000.00		156,357.15		0.00		156,357.15		0.00		0.00		46,343,000.00
M-7	MEZ	$	37,373,000.00		37,373,000.00		145,620.56		0.00		145,620.56		0.00		0.00		37,373,000.00
M-8	NOF/SUB	$	35,879,000.00		35,879,000.00		143,088.23		0.00		143,088.23		0.00		0.00		35,879,000.00
M-9	NOF/SUB	$	29,898,000.00		29,898,000.00		130,198.14		0.00		130,198.14		0.00		0.00		29,898,000.00
TRUST	NOF/NPR/RES	$	0.00		0.00		7,492,458.09		0.00		7,492,458.09		0.00		0.00		0.00

Total			2,888,210,000.00		2,888,210,000.00		16,236,230.41		25,796,642.81		42,032,873.22		0.00		0.00		2,862,413,357.19
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1SS	04/22/05		05/24/05		A-Act/360		64352VKK6		1,141,987,000.00		1,000.000000		2.988911		8.141090		11.130001	991.858910
A-1MZA	04/22/05		05/24/05		A-Act/360		64352VKL4		140,456,000.00		1,000.000000		2.988911		8.141090		11.130001	991.858910
A-1MZB	04/22/05		05/24/05		A-Act/360		64352VKM2		130,500,000.00		1,000.000000		2.961411		9.045656		12.007067	990.954344
A-1MZC	04/22/05		05/24/05		A-Act/360		64352VKN0		14,500,000.00		1,000.000000		3.071411		0.000000		3.071411	1,000.000000
A-2A	04/22/05		05/24/05		A-Act/360		64352VKP5		511,843,000.00		1,000.000000		2.833078		24.925864		27.758941	975.074136
A-2B	04/22/05		05/24/05		A-Act/360		64352VKQ3		241,470,000.00		1,000.000000		2.915578		0.000000		2.915578	1,000.000000
A-2C	04/22/05		05/24/05		A-Act/360		64352VKR1		114,691,000.00		1,000.000000		3.025578		0.000000		3.025578	1,000.000000
A-2MZ	04/22/05		05/24/05		A-Act/360		64352VKS9		96,445,000.00		1,000.000000		2.988911		14.698238		17.687148	985.301762
M-1	04/22/05		05/24/05		A-Act/360		64352VKT7		98,666,000.00		1,000.000000		3.144744		0.000000		3.144744	1,000.000000
M-2	04/22/05		05/24/05		A-Act/360		64352VKU4		88,201,000.00		1,000.000000		3.163078		0.000000		3.163078	1,000.000000
M-3	04/22/05		05/24/05		A-Act/360		64352VKV2		58,302,000.00		1,000.000000		3.199744		0.000000		3.199744	1,000.000000
M-4	04/22/05		05/24/05		A-Act/360		64352VKW0		53,818,000.00		1,000.000000		3.328077		0.000000		3.328077	1,000.000000
M-5	04/22/05		05/24/05		A-Act/360		64352VKX8		47,838,000.00		1,000.000000		3.346411		0.000000		3.346411	1,000.000000
M-6	04/22/05		05/24/05		A-Act/360		64352VKY6		46,343,000.00		1,000.000000		3.373911		0.000000		3.373911	1,000.000000
M-7	04/22/05		05/24/05		A-Act/360		64352VKZ3		37,373,000.00		1,000.000000		3.896411		0.000000		3.896411	1,000.000000
M-8	04/22/05		05/24/05		A-Act/360		64352VLA7		35,879,000.00		1,000.000000		3.988077		0.000000		3.988077	1,000.000000
M-9	04/22/05		05/24/05		A-Act/360		64352VLB5		29,898,000.00		1,000.000000		4.354744		0.000000		4.354744	1,000.000000
TRUST	04/22/05		05/24/05		A-Act/360		NC0502101		101,226,689.89		0.000000		74.016626		0.000000		74.016626	0.000000



Page 2 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1SS	1,141,987,000.00		3,413,297.32		8,545,783.14		751,236.11		9,297,019.25		12,710,316.57		0.00		0.00		1,132,689,980.75
A-1MZA	140,456,000.00		419,810.46		1,051,068.46		92,396.51		1,143,464.97		1,563,275.43		0.00		0.00		139,312,535.03
A-1MZB	130,500,000.00		386,464.11		1,085,072.38		95,385.71		1,180,458.09		1,566,922.20		0.00		0.00		129,319,541.91
A-1MZC	14,500,000.00		44,535.46		0.00		0.00		0.00		44,535.46		0.00		0.00		14,500,000.00
A-2A	511,843,000.00		1,450,090.89		11,727,221.44		1,030,907.53		12,758,128.97		14,208,219.86		0.00		0.00		499,084,871.03
A-2B	241,470,000.00		704,024.50		0.00		0.00		0.00		704,024.50		0.00		0.00		241,470,000.00
A-2C	114,691,000.00		347,006.51		0.00		0.00		0.00		347,006.51		0.00		0.00		114,691,000.00
A-2MZ	96,445,000.00		288,265.51		1,303,026.11		114,545.41		1,417,571.52		1,705,837.03		0.00		0.00		95,027,428.48
M-1	98,666,000.00		310,279.33		0.01		0.00		0.01		310,279.34		0.00		0.00		98,665,999.99
M-2	88,201,000.00		278,986.60		0.00		0.00		0.00		278,986.60		0.00		0.00		88,201,000.00
M-3	58,302,000.00		186,551.48		0.00		0.00		0.00		186,551.48		0.00		0.00		58,302,000.00
M-4	53,818,000.00		179,110.47		0.00		0.00		0.00		179,110.47		0.00		0.00		53,818,000.00
M-5	47,838,000.00		160,085.60		0.00		0.00		0.00		160,085.60		0.00		0.00		47,838,000.00
M-6	46,343,000.00		156,357.15		0.00		0.00		0.00		156,357.15		0.00		0.00		46,343,000.00
M-7	37,373,000.00		145,620.56		0.00		0.00		0.00		145,620.56		0.00		0.00		37,373,000.00
M-8	35,879,000.00		143,088.23		0.00		0.00		0.00		143,088.23		0.00		0.00		35,879,000.00
M-9	29,898,000.00		130,198.14		0.00		0.00		0.00		130,198.14		0.00		0.00		29,898,000.00
TRUST	0.00		7,492,458.09		0.00		0.00		0.00		7,492,458.09		0.00		0.00		0.00

Total	2,888,210,000.00		16,236,230.41		23,712,171.54		2,084,471.27		25,796,642.81		42,032,873.22		0.00		0.00		2,862,413,357.19


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1SS	3.26063%		1,141,987,000.00		3,413,297.32		0.00		0.00		0.00		3,413,297.32		3,413,297.32		0.00
A-1MZA	3.26063%		140,456,000.00		419,810.46		0.00		0.00		0.00		419,810.46		419,810.46		0.00
A-1MZB	3.23063%		130,500,000.00		386,464.11		0.00		0.00		0.00		386,464.11		386,464.11		0.00
A-1MZC	3.35063%		14,500,000.00		44,535.46		0.00		0.00		0.00		44,535.46		44,535.46		0.00
A-2A	3.09063%		511,843,000.00		1,450,090.89		0.00		0.00		0.00		1,450,090.89		1,450,090.89		0.00
A-2B	3.18063%		241,470,000.00		704,024.50		0.00		0.00		0.00		704,024.50		704,024.50		0.00
A-2C	3.30063%		114,691,000.00		347,006.51		0.00		0.00		0.00		347,006.51		347,006.51		0.00
A-2MZ	3.26063%		96,445,000.00		288,265.51		0.00		0.00		0.00		288,265.51		288,265.51		0.00
M-1	3.43063%		98,666,000.00		310,279.33		0.00		0.00		0.00		310,279.33		310,279.33		0.00
M-2	3.45063%		88,201,000.00		278,986.60		0.00		0.00		0.00		278,986.60		278,986.60		0.00
M-3	3.49063%		58,302,000.00		186,551.48		0.00		0.00		0.00		186,551.48		186,551.48		0.00
M-4	3.63063%		53,818,000.00		179,110.47		0.00		0.00		0.00		179,110.47		179,110.47		0.00
M-5	3.65063%		47,838,000.00		160,085.60		0.00		0.00		0.00		160,085.60		160,085.60		0.00
M-6	3.68063%		46,343,000.00		156,357.15		0.00		0.00		0.00		156,357.15		156,357.15		0.00
M-7	4.25063%		37,373,000.00		145,620.56		0.00		0.00		0.00		145,620.56		145,620.56		0.00
M-8	4.35063%		35,879,000.00		143,088.23		0.00		0.00		0.00		143,088.23		143,088.23		0.00
M-9	4.75063%		29,898,000.00		130,198.14		0.00		0.00		0.00		130,198.14		130,198.14		0.00
TRUST	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		7,492,458.09		0.00

Total			2,888,210,000.00		8,743,772.32		0.00		0.00		0.00		8,743,772.32		16,236,230.41		0.00



Page 3 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										13,948,113.76		11,434,371.48		25,382,485.24
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										13,948,113.76		11,434,371.48		25,382,485.24
Interest Collections										6,827,190.41		10,111,952.25		16,939,142.66
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		86,143.58		86,143.58
Interest Fees										-145,383.51		-229,514.75		-374,898.26
TOTAL NET INTEREST										6,681,806.90		9,968,581.08		16,650,387.98
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										20,484,537.15		21,173,437.81		42,032,873.22



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											829,559.69		1,254,911.59		2,084,471.28
Curtailments											-10,753.93		45,337.90		34,583.97
Prepayments In Full											6,733,335.25		5,775,849.15		12,509,184.40
Repurchased/Substitutions											6,395,972.75		4,358,272.84		10,754,245.59
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 Principal											-594,264.54		-871,233.98		-1,465,498.52
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											594,264.54		871,233.98		1,465,498.52
TOTAL PRINCIPAL COLLECTED											13,948,113.76		11,434,371.48		25,382,485.24


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 4 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										7,146,627.38		10,599,646.21		17,746,273.59
Repurchased/Substitution Interest										38,089.35		27,317.99		65,407.34
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-15,081.43		-13,068.16		-28,149.59
Delinquent Interest										-5,145,201.30		-7,395,124.15		-12,540,325.45
Compensating Interest										15,081.43		13,068.16		28,149.59
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										4,787,674.98		6,880,112.20		11,667,787.18
TOTAL INTEREST COLLECTED										6,827,190.41		10,111,952.25		16,939,142.66


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges										0.00		86,143.58		86,143.58
Cap Contract Payment Amount														0.00
TOTAL INTEREST OTHER ACCOUNTS										0.00		86,143.58		86,143.58



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										144,479.63		228,176.55		372,656.18
Trustee Fees										903.88		1,338.20		2,242.08
Owner Trustee Fee														0.00
TOTAL INTEREST FEES										145,383.51		229,514.75		374,898.26




Page 5 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


RESERVE

Deposits						0.00
Withdrawals						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Beginning Overcollateralization Amount														101,226,689.89
Overcollateralization Target Amount														101,640,847.46
Excess Overcollateralization Amount														0.00
Beginning Overcollateralization Deficiency Amount														414,157.57
Ending Overcollateralization Deficiency Amount														0.00
Ending Overcollateralized Amount														101,640,847.46


Credit Enhancement Percentage												19.990000%		19.990000%



Page 6 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										5,355		10,900		16,255
Prior										5,355		10,900		16,255
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-26		-32		-58
Repurchases										-22		-25		-47
Liquidations										-0		-0		-0
Current										5,307		10,843		16,150
Principal Balance:


Original										1,205,174,291.70		1,784,262,398.19		2,989,436,689.89
Prior										1,205,174,291.70		1,784,262,398.19		2,989,436,689.89
Prefunding										0.00		0.00		0.00
Scheduled Principal										-829,559.69		-1,254,911.59		-2,084,471.28
Partial Prepayments										(10,753.93)		-45,337.90		-34,583.97
Full Voluntary Prepayments										-6,733,335.25		-5,775,849.15		-12,509,184.40
Repurchases										-6,395,972.75		-4,358,272.84		-10,754,245.59
Liquidations										-0.00		-0.00		-0.00
Current										1,191,226,177.94		1,772,828,026.71		2,964,054,204.65





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.15387%		7.14713%		7.14985%
Weighted Average Coupon Prior										7.15387%		7.14713%		7.14985%
Weighted Average Coupon Current										7.15387%		7.14713%		7.14985%
Weighted Average Months to Maturity Original										355		354		355
Weighted Average Months to Maturity Prior										355		354		355
Weighted Average Months to Maturity Current										355		354		355
Weighted Avg Remaining Amortization Term Original										355		354		355
Weighted Avg Remaining Amortization Term Prior										355		354		355
Weighted Avg Remaining Amortization Term Current										355		354		355
Weighted Average Seasoning Original										1.53		1.43		1.47
Weighted Average Seasoning Prior										1.53		1.43		1.47
Weighted Average Seasoning Current										1.53		1.43		1.47









Page 8 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.71747%		5.70175%		5.70807%
Weighted Average Margin Prior										5.71747%		5.70175%		5.70807%
Weighted Average Margin Current										5.71747%		5.70175%		5.70807%
Weighted Average Max Rate Original										14.08757%		14.14135%		14.11974%
Weighted Average Max Rate Prior										14.08757%		14.14135%		14.11974%
Weighted Average Max Rate Current										14.08757%		14.14135%		14.11974%
Weighted Average Min Rate Original										0.00000%		0.00000%		0.00000%
Weighted Average Min Rate Prior										0.00000%		0.00000%		0.00000%
Weighted Average Min Rate Current										0.00000%		0.00000%		0.00000%
Weighted Average Cap Up Original										1.49508%		1.50000%		1.49802%
Weighted Average Cap Up Prior										1.49508%		1.50000%		1.49802%
Weighted Average Cap Up Current										1.49508%		1.50000%		1.49802%
Weighted Average Cap Down Original										1.49508%		1.50000%		1.49802%
Weighted Average Cap Down Prior										1.49508%		1.50000%		1.49802%
Weighted Average Cap Down Current										1.49508%		1.50000%		1.49802%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										144,479.63		228,176.55		372,656.18
Delinquent Servicing Fees										357,526.33		515,011.95		872,538.28
TOTAL SERVICING FEES										502,005.95		743,188.50		1,245,194.45


Total Servicing Fees										502,005.95		743,188.50		1,245,194.45
Compensating Interest										-15,081.43		-13,068.16		-28,149.59
Delinquent Servicing Fees										-357,526.33		-515,011.95		-872,538.28
COLLECTED SERVICING FEES										129,398.20		215,108.40		344,506.60


Total Advanced Interest										4,787,674.98		6,880,112.20		11,667,787.18
Total Advanced Principal										594,264.54		871,233.98		1,465,498.52
Aggregate Advances with respect to this Distribution										5,381,939.52		7,751,346.18		13,133,285.70





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										15,081.43		13,068.16		28,149.59
Compensating Interest										-15,081.43		-13,068.16		-28,149.59
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Current LIBOR Rate														3.000630%
Next LIBOR Rate														3.090000%




Page 9 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		163,191.13		0.00		0.00		0.00		163,191.13
			% Balance		0.01%		0.00%		0.00%		0.00%		0.01%
			# Loans		1		0		0		0		1
			% # Loans		0.01%		0.00%		0.00%		0.00%		0.01%
	BANKRUPTCY		Balance		1,366,655.28		0.00		0.00		0.00		1,366,655.28
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		10		0		0		0		10
			% # Loans		0.06%		0.00%		0.00%		0.00%		0.06%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		1,529,846.41		0.00		0.00		0.00		1,529,846.41
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		11		0		0		0		11
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%









Page 10 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		163,191.13		0.00		0.00		0.00		163,191.13
			% Balance		0.01%		0.00%		0.00%		0.00%		0.01%
			# Loans		1		0		0		0		1
			% # Loans		0.01%		0.00%		0.00%		0.00%		0.01%
	BANKRUPTCY		Balance		575,984.50		0.00		0.00		0.00		575,984.50
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		6		0		0		0		6
			% # Loans		0.06%		0.00%		0.00%		0.00%		0.06%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		739,175.63		0.00		0.00		0.00		739,175.63
			% Balance		0.04%		0.00%		0.00%		0.00%		0.04%
			# Loans		7		0		0		0		7
			% # Loans		0.06%		0.00%		0.00%		0.00%		0.06%










Page 11 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		790,670.78		0.00		0.00		0.00		790,670.78
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		4		0		0		0		4
			% # Loans		0.08%		0.00%		0.00%		0.00%		0.08%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		790,670.78		0.00		0.00		0.00		790,670.78
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		4		0		0		0		4
			% # Loans		0.08%		0.00%		0.00%		0.00%		0.08%










Page 12 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								0		$0.00				0.00%

60-89 Days Delinquent								0		$0.00				0.00%

90 or more Days Delinquent								0		$0.00				0.00%

Aggregate								0		$0.00				0.00%

The above statistics include Mortgage Loans in foreclosure but exclude REO properties


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							1			$163,191.13				0.01%

Loans in bankruptcy proceedings								10		$1,366,655.28				0.05%

REO Properties							0			$0.00				0.00%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							16,149			$2,963,891,013.52				99.99%

30							0			$0.00				0.00%

60							0			$0.00				0.00%

90							0
90							0			$0.00				0.00%

FC							1			$163,191.13				0.01%

REO							0			$0.00				0.00%

Total							16,150			$2,964,054,204.65				100.00%

*The above amounts include Bankruptcies. Total Bankruptcies for the period were:

BK								10		$1,366,655.28				0.05%



Page 13 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 14 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
1000310121 1
1000310121 1			163,500.00		163,191.13		01-Apr-2005		9.750%		TX - 100.00%		360		01-Feb-2005



TOTAL			163,500.00		163,191.13



Page 15 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										26		32		58
Number of Repurchased Loans										22		25		47
Total Number of Loans Prepaid in Full										48		57		105
Curtailments Amount										-10,753.93		45,337.90		34,583.97
Paid in Full Balance										6,733,335.25		5,775,849.15		12,509,184.40
Repurchased Loans Balance										6,395,972.75		4,358,272.84		10,754,245.59
Total Prepayment Amount										13,118,554.07		10,179,459.89		23,298,013.96

Cumulative


Number of Paid in Full Loans										26		32		58
Number of Repurchased Loans										22		25		47
Total Number of Loans Prepaid in Full										48		57		105
Paid in Full Balance										6,733,335.25		5,775,849.15		12,509,184.40
Repurchased Loans Balance										6,395,972.75		4,358,272.84		10,754,245.59
Curtailments Amount										-10,753.93		45,337.90		34,583.97
Total Prepayment Amount										13,118,554.07		10,179,459.89		23,298,013.96










Page 16 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.09%		0.57%		0.78%
3 Months Avg SMM										1.09%		0.57%		0.78%
12 Months Avg SMM										1.09%		0.57%		0.78%
Avg SMM Since Cut-off										1.09%		0.57%		0.78%


CPR										12.32%		6.64%		8.97%
3 Months Avg CPR										12.32%		6.64%		8.97%
12 Months Avg CPR										12.32%		6.64%		8.97%
Avg CPR Since Cut-off										12.32%		6.64%		8.97%


PSA										4,014.83%		2,322.02%		3,046.89%
3 Months Avg PSA Approximation										4,014.83%		2,322.04%		3,046.90%
12 Months Avg PSA Approximation										4,014.83%		2,322.04%		3,046.90%
Avg PSA Since Cut-off Approximation										4,014.83%		2,322.04%		3,046.90%










Page 17 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 18 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1892908 1			169,720.50		169,016.74			08-Apr-2005		7.000%		CA - 66.67%		Paid Off - 360		01-Dec-2004
			169,720.50

1921394 2			360,000.00		359,073.98			14-Apr-2005		6.800%		CT - 65.45%		Paid Off - 360		01-Feb-2005
1921394 2					359,073.98			14-Apr-2005		6.800%		CT - 65.45%		Paid Off - 360		01-Feb-2005
1921842 1			279,000.00		277,487.54			05-Apr-2005		5.600%		CA - 74.01%		Paid Off - 360		01-Dec-2004
1921842 1					277,487.54			05-Apr-2005		5.600%		CA - 74.01%		Paid Off - 360		01-Dec-2004
1924202 2			254,590.00		253,307.60			06-Apr-2005		5.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1924202 2					253,307.60			06-Apr-2005		5.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1951874 2			45,580.00		45,409.80			20-Apr-2005		10.500%		CA - 20.00%		Paid Off - 240		01-Feb-2005
1951874 2					45,409.80			20-Apr-2005		10.500%		CA - 20.00%		Paid Off - 240		01-Feb-2005
1969134 2			427,500.00		426,180.26			29-Apr-2005		7.350%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1969134 2					426,180.26			29-Apr-2005		7.350%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1987975 1			80,800.00		80,653.51			14-Apr-2005		6.500%		MN - 80.00%		Paid Off - 360		01-Mar-2005
1987975 1					80,653.51			14-Apr-2005		6.500%		MN - 80.00%		Paid Off - 360		01-Mar-2005
2002344 2			108,000.00		107,856.78			18-Apr-2005		8.075%		IL - 80.00%		Paid Off - 360		01-Mar-2005
2002344 2					107,856.78			18-Apr-2005		8.075%		IL - 80.00%		Paid Off - 360		01-Mar-2005
2004240 2			134,000.00		133,597.80			07-Apr-2005		6.000%		TN - 51.15%		Paid Off - 360		01-Feb-2005
2004240 2					133,597.80			07-Apr-2005		6.000%		TN - 51.15%		Paid Off - 360		01-Feb-2005
2008879 2			332,000.00		331,336.06			08-Apr-2005		5.990%		CA - 71.40%		Paid Off - 360		01-Mar-2005
2008879 2					331,336.06			08-Apr-2005		5.990%		CA - 71.40%		Paid Off - 360		01-Mar-2005
1000105264 2			59,500.00		59,500.00			21-Apr-2005		8.400%		OH - 85.00%		Paid Off - 360		01-May-2005
1000105264 2					59,500.00			21-Apr-2005		8.400%		OH - 85.00%		Paid Off - 360		01-May-2005
1000218847 1			250,000.00		249,847.76			07-Apr-2005		8.475%		NY - 56.18%		Paid Off - 360		01-Apr-2005
1000218847 1					249,847.76			07-Apr-2005		8.475%		NY - 56.18%		Paid Off - 360		01-Apr-2005
1000221281 2			128,098.78		127,871.42			27-Apr-2005		8.650%		IA - 90.00%		Paid Off - 360		01-Feb-2005
1000221281 2					127,871.42			27-Apr-2005		8.650%		IA - 90.00%		Paid Off - 360		01-Feb-2005
1000272895 2			369,750.00		368,681.81			20-Apr-2005		6.200%		NJ - 85.00%		Paid Off - 360		01-Feb-2005
1000272895 2					368,681.81			20-Apr-2005		6.200%		NJ - 85.00%		Paid Off - 360		01-Feb-2005
1000447662 2			450,000.00		449,519.23			19-Apr-2005		9.125%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000447662 2					449,519.23			19-Apr-2005		9.125%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000703992 1			167,030.00		166,928.81			19-Apr-2005		8.500%		FL - 75.92%		Paid Off - 360		01-Apr-2005
1000703992 1					166,928.81			19-Apr-2005		8.500%		FL - 75.92%		Paid Off - 360		01-Apr-2005
1000745297 1			128,350.00		128,277.67			25-Apr-2005		8.850%		SC - 85.00%		Paid Off - 360		01-Apr-2005
1000745297 1					128,277.67			25-Apr-2005		8.850%		SC - 85.00%		Paid Off - 360		01-Apr-2005
1000786340 1			198,000.00		197,821.00			28-Apr-2005		6.500%		CA - 52.11%		Paid Off - 360		01-Apr-2005
1000786340 1					197,821.00			28-Apr-2005		6.500%		CA - 52.11%		Paid Off - 360		01-Apr-2005
1000811526 2			120,000.00		119,930.95			29-Apr-2005		8.750%		FL - 80.00%		Paid Off - 360		01-Apr-2005
1000811526 2					119,930.95			29-Apr-2005		8.750%		FL - 80.00%		Paid Off - 360		01-Apr-2005
1000813329 1			102,600.00		102,534.90			07-Apr-2005		8.275%		IA - 95.00%		Paid Off - 360		01-Apr-2005
1000813329 1					102,534.90			07-Apr-2005		8.275%		IA - 95.00%		Paid Off - 360		01-Apr-2005
1000830550 2			189,000.00		188,866.60			18-Apr-2005		7.750%		IL - 74.12%		Paid Off - 360		01-Apr-2005
1000830550 2					188,866.60			18-Apr-2005		7.750%		IL - 74.12%		Paid Off - 360		01-Apr-2005
1000871088 2			71,100.00		71,066.82			26-Apr-2005		9.750%		ME - 90.00%		Paid Off - 360		01-Apr-2005
1000871088 2					71,066.82			26-Apr-2005		9.750%		ME - 90.00%		Paid Off - 360		01-Apr-2005
1000872434 2			380,380.00		380,100.51			21-Apr-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Apr-2005
1000872434 2					380,100.51			21-Apr-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Apr-2005
1000893028 1			72,250.00		72,193.63			11-Apr-2005		7.250%		WI - 85.00%		Paid Off - 360		01-Apr-2005
1000893028 1					72,193.63			11-Apr-2005		7.250%		WI - 85.00%		Paid Off - 360		01-Apr-2005
1000895311 1			153,000.00		152,885.31			19-Apr-2005		7.450%		CA - 85.00%		Paid Off - 360		01-Apr-2005
1000895311 1					152,885.31			19-Apr-2005		7.450%		CA - 85.00%		Paid Off - 360		01-Apr-2005
1000907175 2			240,300.00		240,155.91			18-Apr-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000907175 2					240,155.91			18-Apr-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000911561 1			198,000.00		197,895.18			18-Apr-2005		9.150%		AZ - 90.00%		Paid Off - 360		01-Apr-2005
1000911561 1					197,895.18			18-Apr-2005		9.150%		AZ - 90.00%		Paid Off - 360		01-Apr-2005
1000927180 1			156,750.00		156,663.48			26-Apr-2005		8.950%		FL - 95.00%		Paid Off - 360		01-Apr-2005
1000927180 1					156,663.48			26-Apr-2005		8.950%		FL - 95.00%		Paid Off - 360		01-Apr-2005
1000961953 2			459,000.00		458,691.39			27-Apr-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000961953 2					458,691.39			27-Apr-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000962284 2			600,000.00		600,000.00			07-Apr-2005		7.000%		CA - 80.00%		Paid Off - 360		01-May-2005
1000962284 2					600,000.00			07-Apr-2005		7.000%		CA - 80.00%		Paid Off - 360		01-May-2005
1000968153 2			448,000.00		447,614.28			11-Apr-2005		6.750%		IL - 80.00%		Paid Off - 360		01-Apr-2005
1000968153 2					447,614.28			11-Apr-2005		6.750%		IL - 80.00%		Paid Off - 360		01-Apr-2005
1000969152 2			51,000.00		51,000.00			26-Apr-2005		8.300%		OH - 85.00%		Paid Off - 180		01-May-2005
1000969152 2					51,000.00			26-Apr-2005		8.300%		OH - 85.00%		Paid Off - 180		01-May-2005
1000972763 2			76,415.00		76,359.97			04-Apr-2005		7.650%		MA - 85.00%		Paid Off - 360		01-Apr-2005
1000972763 2					76,359.97			04-Apr-2005		7.650%		MA - 85.00%		Paid Off - 360		01-Apr-2005
1000981067 1			320,000.00		319,774.14			25-Apr-2005		7.750%		MA - 82.05%		Paid Off - 360		01-Apr-2005
1000981067 1					319,774.14			25-Apr-2005		7.750%		MA - 82.05%		Paid Off - 360		01-Apr-2005
1000991270 1			150,949.82		150,681.91			29-Apr-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1000991270 1					150,681.91			29-Apr-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1001012282 1			162,000.00		161,893.48			08-Apr-2005		8.100%		FL - 90.00%		Paid Off - 360		01-Apr-2005
1001012282 1					161,893.48			08-Apr-2005		8.100%		FL - 90.00%		Paid Off - 360		01-Apr-2005
1001018393 2			300,000.00		299,734.02			22-Apr-2005		6.600%		CA - 72.64%		Paid Off - 360		01-Apr-2005
1001018393 2					299,734.02					6.600%		CA - 72.64%		Paid Off - 360



Page 19 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001018632 1			154,344.00		154,344.00			21-Apr-2005		7.450%		WA - 80.00%		Paid Off - 360		01-May-2005
			154,344.00

1001026008 1			137,860.00		137,784.69			27-Apr-2005		9.000%		FL - 75.00%		Paid Off - 360		01-Apr-2005
1001026008 1					137,784.69			27-Apr-2005		9.000%		FL - 75.00%		Paid Off - 360		01-Apr-2005
1001054575 2			457,846.40		457,485.67			25-Apr-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Apr-2005
1001054575 2					457,485.67			25-Apr-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Apr-2005
1001055075 2			159,000.00		158,894.39			29-Apr-2005		8.050%		FL - 75.71%		Paid Off - 360		01-Apr-2005
1001055075 2					158,894.39			29-Apr-2005		8.050%		FL - 75.71%		Paid Off - 360		01-Apr-2005
1001060531 1			250,000.00		250,000.00			29-Apr-2005		7.150%		UT - 87.72%		Paid Off - 360		01-May-2005
1001060531 1					250,000.00			29-Apr-2005		7.150%		UT - 87.72%		Paid Off - 360		01-May-2005
1001063510 1			133,500.00		133,500.00			29-Apr-2005		6.750%		UT - 52.35%		Paid Off - 360		01-May-2005
1001063510 1					133,500.00			29-Apr-2005		6.750%		UT - 52.35%		Paid Off - 360		01-May-2005
1001077006 1			135,630.00		135,630.00			19-Apr-2005		8.350%		FL - 90.00%		Paid Off - 360		01-May-2005
1001077006 1					135,630.00			19-Apr-2005		8.350%		FL - 90.00%		Paid Off - 360		01-May-2005
1001107251 1			137,000.00		137,000.00			19-Apr-2005		8.050%		FL - 78.29%		Paid Off - 360		01-May-2005
1001107251 1					137,000.00			19-Apr-2005		8.050%		FL - 78.29%		Paid Off - 360		01-May-2005
1001136666 1			50,350.00		50,350.00			11-Apr-2005		10.600%		FL - 20.00%		Paid Off - 360		01-May-2005
1001136666 1					50,350.00			11-Apr-2005		10.600%		FL - 20.00%		Paid Off - 360		01-May-2005
1001137059 1			173,500.00		173,500.00			26-Apr-2005		7.500%		FL - 90.00%		Paid Off - 360		01-May-2005
1001137059 1					173,500.00			26-Apr-2005		7.500%		FL - 90.00%		Paid Off - 360		01-May-2005
1001161003 2			244,800.00		244,800.00			28-Apr-2005		6.900%		CA - 80.00%		Paid Off - 360		01-May-2005
1001161003 2					244,800.00			28-Apr-2005		6.900%		CA - 80.00%		Paid Off - 360		01-May-2005
1001161307 1			61,200.00		61,200.00			28-Apr-2005		10.650%		CA - 20.00%		Paid Off - 360		01-May-2005
1001161307 1					61,200.00			28-Apr-2005		10.650%		CA - 20.00%		Paid Off - 360		01-May-2005
1001166614 1			160,110.00		160,110.00			29-Apr-2005		9.250%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001166614 1					160,110.00			29-Apr-2005		9.250%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001169078 1			241,258.00		241,258.00			21-Apr-2005		7.700%		AZ - 80.00%		Paid Off - 360		01-May-2005
1001169078 1					241,258.00			21-Apr-2005		7.700%		AZ - 80.00%		Paid Off - 360		01-May-2005
1001177489 1			323,758.00		323,758.00			20-Apr-2005		7.950%		FL - 95.00%		Paid Off - 360		01-May-2005
1001177489 1					323,758.00			20-Apr-2005		7.950%		FL - 95.00%		Paid Off - 360		01-May-2005
1001180091 2			276,300.00		276,300.00			25-Apr-2005		8.525%		RI - 90.59%		Paid Off - 360		01-May-2005
1001180091 2					276,300.00			25-Apr-2005		8.525%		RI - 90.59%		Paid Off - 360		01-May-2005
1001180304 1			295,000.00		295,000.00			20-Apr-2005		6.750%		NJ - 63.44%		Paid Off - 360		01-May-2005
1001180304 1					295,000.00			20-Apr-2005		6.750%		NJ - 63.44%		Paid Off - 360		01-May-2005
1001209908 1			262,932.00		262,932.00			27-Apr-2005		8.075%		MO - 80.00%		Paid Off - 360		01-May-2005
1001209908 1					262,932.00			27-Apr-2005		8.075%		MO - 80.00%		Paid Off - 360		01-May-2005
1001209962 1			65,733.00		65,733.00			27-Apr-2005		11.750%		MO - 20.00%		Paid Off - 360		01-May-2005
1001209962 1					65,733.00			27-Apr-2005		11.750%		MO - 20.00%		Paid Off - 360		01-May-2005
1001214894 1			332,000.00		332,000.00			12-Apr-2005		8.450%		CA - 80.00%		Paid Off - 360		01-May-2005
1001214894 1					332,000.00			12-Apr-2005		8.450%		CA - 80.00%		Paid Off - 360		01-May-2005
1001441700 1			277,194.40		277,194.40			21-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-May-2005
1001441700 1					277,194.40			21-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-May-2005
1570792 1			26,385.60		26,263.59			01-May-2005		11.100%		AZ - 20.00%		Repur/Subs - 240		01-Jan-2005
1570792 1					26,263.59			01-May-2005		11.100%		AZ - 20.00%		Repur/Subs - 240		01-Jan-2005
1945636 2			343,517.72		342,548.24			01-May-2005		7.800%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1945636 2					342,548.24			01-May-2005		7.800%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
2019389 2			520,000.00		519,573.76			01-May-2005		7.000%		CA - 77.84%		Repur/Subs - 360		01-Apr-2005
2019389 2					519,573.76			01-May-2005		7.000%		CA - 77.84%		Repur/Subs - 360		01-Apr-2005
2063623 1			109,500.00		109,500.00			01-May-2005		9.750%		LA - 75.00%		Repur/Subs - 360		01-May-2005
2063623 1					109,500.00			01-May-2005		9.750%		LA - 75.00%		Repur/Subs - 360		01-May-2005
1000407081 1			143,925.00		143,526.82			01-May-2005		6.425%		CA - 95.00%		Repur/Subs - 360		01-Feb-2005
1000407081 1					143,526.82			01-May-2005		6.425%		CA - 95.00%		Repur/Subs - 360		01-Feb-2005
1000421671 2			84,000.00		83,849.37			01-May-2005		8.600%		CA - 60.00%		Repur/Subs - 360		01-Feb-2005
1000421671 2					83,849.37			01-May-2005		8.600%		CA - 60.00%		Repur/Subs - 360		01-Feb-2005
1000444870 1			274,500.00		273,847.27			01-May-2005		7.200%		DC - 90.00%		Repur/Subs - 360		01-Feb-2005
1000444870 1					273,847.27			01-May-2005		7.200%		DC - 90.00%		Repur/Subs - 360		01-Feb-2005
1000476791 1			273,000.00		272,455.09			01-May-2005		6.000%		NY - 68.25%		Repur/Subs - 360		01-Mar-2005
1000476791 1					272,455.09			01-May-2005		6.000%		NY - 68.25%		Repur/Subs - 360		01-Mar-2005
1000546289 1			102,200.00		102,115.74			01-May-2005		10.350%		NJ - 70.00%		Repur/Subs - 360		01-Mar-2005
1000546289 1					102,115.74			01-May-2005		10.350%		NJ - 70.00%		Repur/Subs - 360		01-Mar-2005
1000645449 2			53,600.00		53,570.87			01-May-2005		9.025%		MI - 80.00%		Repur/Subs - 360		01-Apr-2005
1000645449 2					53,570.87			01-May-2005		9.025%		MI - 80.00%		Repur/Subs - 360		01-Apr-2005
1000665649 2			188,000.00		188,000.00			01-May-2005		8.050%		CA - 80.00%		Repur/Subs - 360		01-May-2005
1000665649 2					188,000.00			01-May-2005		8.050%		CA - 80.00%		Repur/Subs - 360		01-May-2005
1000705106 2			190,000.00		189,728.21			01-May-2005		7.700%		FL - 95.00%		Repur/Subs - 360		01-Mar-2005
1000705106 2					189,728.21			01-May-2005		7.700%		FL - 95.00%		Repur/Subs - 360		01-Mar-2005
1000715060 1			329,000.00		328,458.00			01-May-2005		6.990%		CA - 70.00%		Repur/Subs - 360		01-Mar-2005
1000715060 1					328,458.00			01-May-2005		6.990%		CA - 70.00%		Repur/Subs - 360		01-Mar-2005
1000721605 2			695,000.00		693,811.54			01-May-2005		6.800%		CA - 58.16%		Repur/Subs - 360		01-Mar-2005
1000721605 2					693,811.54			01-May-2005		6.800%		CA - 58.16%		Repur/Subs - 360		01-Mar-2005
1000722294 1			128,000.00		127,860.71			01-May-2005		9.037%		FL - 80.00%		Repur/Subs - 360		01-Mar-2005
1000722294 1					127,860.71			01-May-2005		9.037%		FL - 80.00%		Repur/Subs - 360		01-Mar-2005
1000768173 1			182,000.00		181,874.11			01-May-2005		7.850%		CA - 58.71%		Repur/Subs - 360		01-Apr-2005
1000768173 1					181,874.11			01-May-2005		7.850%		CA - 58.71%		Repur/Subs - 360		01-Apr-2005
1000780168 2			130,250.00		130,176.97			01-May-2005		8.875%		MA - 49.15%		Repur/Subs - 360		01-Apr-2005
1000780168 2					130,176.97					8.875%		MA - 49.15%		Repur/Subs - 360



Page 20 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000791398 2			461,945.00		461,274.19			01-May-2005		7.625%		CA - 80.00%		Repur/Subs - 360		01-Mar-2005
			461,945.00

1000823531 2			50,400.00		50,356.28			01-May-2005		10.113%		NY - 90.00%		Repur/Subs - 360		01-Mar-2005
1000823531 2					50,356.28			01-May-2005		10.113%		NY - 90.00%		Repur/Subs - 360		01-Mar-2005
1000846151 2			216,000.00		215,826.41			01-May-2005		7.100%		ME - 80.00%		Repur/Subs - 360		01-Apr-2005
1000846151 2					215,826.41			01-May-2005		7.100%		ME - 80.00%		Repur/Subs - 360		01-Apr-2005
1000857549 2			161,000.00		160,912.96			01-May-2005		9.050%		VA - 70.00%		Repur/Subs - 360		01-Apr-2005
1000857549 2					160,912.96			01-May-2005		9.050%		VA - 70.00%		Repur/Subs - 360		01-Apr-2005
1000892190 1			234,000.00		233,810.07			01-May-2005		7.050%		FL - 65.00%		Repur/Subs - 360		01-Apr-2005
1000892190 1					233,810.07			01-May-2005		7.050%		FL - 65.00%		Repur/Subs - 360		01-Apr-2005
1000998870 2			504,000.00		503,448.34			01-May-2005		5.500%		CA - 80.00%		Repur/Subs - 360		01-Apr-2005
1000998870 2					503,448.34			01-May-2005		5.500%		CA - 80.00%		Repur/Subs - 360		01-Apr-2005
1001012415 1			327,750.00		327,750.00			01-May-2005		8.050%		NJ - 95.00%		Repur/Subs - 360		01-May-2005
1001012415 1					327,750.00			01-May-2005		8.050%		NJ - 95.00%		Repur/Subs - 360		01-May-2005
1001022814 2			154,000.00		153,895.61			01-May-2005		7.950%		CA - 66.96%		Repur/Subs - 360		01-Apr-2005
1001022814 2					153,895.61			01-May-2005		7.950%		CA - 66.96%		Repur/Subs - 360		01-Apr-2005
1001048967 1			183,650.67		183,551.39			01-May-2005		9.050%		FL - 75.00%		Repur/Subs - 360		01-Apr-2005
1001048967 1					183,551.39			01-May-2005		9.050%		FL - 75.00%		Repur/Subs - 360		01-Apr-2005
1001049555 2			500,000.00		500,000.00			01-May-2005		4.990%		FL - 38.46%		Repur/Subs - 360		01-May-2005
1001049555 2					500,000.00			01-May-2005		4.990%		FL - 38.46%		Repur/Subs - 360		01-May-2005
1001049957 1			144,405.00		144,310.05			01-May-2005		8.100%		MI - 85.00%		Repur/Subs - 360		01-Apr-2005
1001049957 1					144,310.05			01-May-2005		8.100%		MI - 85.00%		Repur/Subs - 360		01-Apr-2005
1001051550 2			161,000.00		161,000.00			01-May-2005		9.400%		CA - 51.11%		Repur/Subs - 360		01-May-2005
1001051550 2					161,000.00			01-May-2005		9.400%		CA - 51.11%		Repur/Subs - 360		01-May-2005
1001061193 1			167,000.00		167,000.00			01-May-2005		6.500%		NV - 69.58%		Repur/Subs - 360		01-May-2005
1001061193 1					167,000.00			01-May-2005		6.500%		NV - 69.58%		Repur/Subs - 360		01-May-2005
1001064010 1			118,400.00		118,400.00			01-May-2005		6.800%		FL - 80.00%		Repur/Subs - 360		01-May-2005
1001064010 1					118,400.00			01-May-2005		6.800%		FL - 80.00%		Repur/Subs - 360		01-May-2005
1001064449 1			29,600.00		29,600.00			01-May-2005		11.300%		FL - 20.00%		Repur/Subs - 360		01-May-2005
1001064449 1					29,600.00			01-May-2005		11.300%		FL - 20.00%		Repur/Subs - 360		01-May-2005
1001081297 1			136,000.00		136,000.00			01-May-2005		9.850%		NC - 80.00%		Repur/Subs - 360		01-May-2005
1001081297 1					136,000.00			01-May-2005		9.850%		NC - 80.00%		Repur/Subs - 360		01-May-2005
1001085523 2			850,000.00		850,000.00			01-May-2005		6.450%		SC - 79.07%		Repur/Subs - 360		01-May-2005
1001085523 2					850,000.00			01-May-2005		6.450%		SC - 79.07%		Repur/Subs - 360		01-May-2005
1001108241 1			276,500.00		276,500.00			01-May-2005		6.500%		CA - 72.76%		Repur/Subs - 360		01-May-2005
1001108241 1					276,500.00			01-May-2005		6.500%		CA - 72.76%		Repur/Subs - 360		01-May-2005
1001143729 1			56,800.00		56,800.00			01-May-2005		9.350%		TX - 80.00%		Repur/Subs - 360		01-May-2005
1001143729 1					56,800.00			01-May-2005		9.350%		TX - 80.00%		Repur/Subs - 360		01-May-2005
1001174972 2			144,000.00		144,000.00			01-May-2005		5.990%		CA - 80.00%		Repur/Subs - 360		01-May-2005
1001174972 2					144,000.00			01-May-2005		5.990%		CA - 80.00%		Repur/Subs - 360		01-May-2005
1001175677 1			263,500.00		263,500.00			01-May-2005		6.650%		CA - 85.00%		Repur/Subs - 360		01-May-2005
1001175677 1					263,500.00			01-May-2005		6.650%		CA - 85.00%		Repur/Subs - 360		01-May-2005
1001183882 2			300,000.00		300,000.00			01-May-2005		9.850%		ME - 77.12%		Repur/Subs - 360		01-May-2005
1001183882 2					300,000.00			01-May-2005		9.850%		ME - 77.12%		Repur/Subs - 360		01-May-2005
1001185194 1			136,000.00		136,000.00			01-May-2005		8.600%		FL - 85.00%		Repur/Subs - 360		01-May-2005
					136,000.00			01-May-2005		8.600%		FL - 85.00%		Repur/Subs - 360		01-May-2005
1001187218 1			66,250.00		66,250.00			01-May-2005		7.300%		FL - 25.00%		Repur/Subs - 360		01-May-2005
1001187218 1					66,250.00			01-May-2005		7.300%		FL - 25.00%		Repur/Subs - 360		01-May-2005
1001265008 2			366,000.00		366,000.00			01-May-2005		6.000%		CA - 63.10%		Repur/Subs - 360		01-May-2005
1001265008 2					366,000.00			01-May-2005		6.000%		CA - 63.10%		Repur/Subs - 360		01-May-2005
1001321288 2			192,000.00		192,000.00			01-May-2005		9.750%		CA - 55.17%		Repur/Subs - 360		01-May-2005
1001321288 2					192,000.00			01-May-2005		9.750%		CA - 55.17%		Repur/Subs - 360		01-May-2005
1001348802 1			82,400.00		82,400.00			01-May-2005		6.825%		WI - 80.00%		Repur/Subs - 360		01-May-2005
1001348802 1					82,400.00			01-May-2005		6.825%		WI - 80.00%		Repur/Subs - 360		01-May-2005
1001354260 1			323,000.00		323,000.00			01-May-2005		6.200%		CA - 85.00%		Repur/Subs - 360		01-May-2005
1001354260 1					323,000.00			01-May-2005		6.200%		CA - 85.00%		Repur/Subs - 360		01-May-2005
1001379779 1			247,500.00		247,500.00			01-May-2005		7.990%		AZ - 90.00%		Repur/Subs - 360		01-May-2005
1001379779 1					247,500.00			01-May-2005		7.990%		AZ - 90.00%		Repur/Subs - 360		01-May-2005
1001476753 2			136,000.00		136,000.00			01-May-2005		7.075%		FL - 80.00%		Repur/Subs - 360		01-May-2005
1001476753 2					136,000.00			01-May-2005		7.075%		FL - 80.00%		Repur/Subs - 360		01-May-2005


TOTAL			23,283,958.89		23,263,429.99
TOTAL


Page 21 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00

Cumulative
Cumulative



Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00










Page 22 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%












Page 23 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution





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 24 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 25 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						Does a Trigger Event Exist-Either a) or b) Yes?

						Does Sequential Trigger Event Exist? (0=No,1=Yes)								0

						Does A-2A Accelerated Amortization Event Exist?								0
						A-2A Accelerated Amortization Amount								0.00



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 26 of 27
New Century Home Equity Loan Trust 2005-2

Asset Backed Notes
Asset Backed Notes
2005-2

May 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										Next Pass Through Rate
CLASS

			A-1SS							0.03%
										0.03%
			REMIC-I							0.03%
										0.03%
			A-1MZB							0.03%
										0.03%
			A-1MZC							0.03%
										0.03%
			A-2A							0.03%
										0.03%
			A-2B							0.03%
										0.03%
			A-2C							0.03%
										0.03%
			A-2MZ							0.03%
										0.03%
			M-1							0.04%
										0.04%
			M-2							0.04%
										0.04%
			M-3							0.04%
										0.04%
			M-4							0.04%
										0.04%
			M-5							0.04%
										0.04%
			M-6							0.04%
										0.04%
			M-7							0.04%
										0.04%
			M-8							0.04%
										0.04%
			M-9							0.05%
										0.05%
			TRUST							0.00%
										0.00%






Page 27 of 27

New Century Home Equity Loan Trust 2005-2 8-K