

                                    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): July 25, 2005
                             (Date of earliest event reported)


                           New Century Mortgage Securities LLC
           (as Depositor under the Indenture, dated as February 25, 2005,
             providing for the issuance of New Century Home Equity Loan
                        Trust Asset-Backed Notes Series 2005-1)
                    (Exact name of registrant as specified in charter)



                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-119243-02                             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 2005-1 which was made on
     February 25, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     July 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:  Aug 01, 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
              July 25, 2005.



New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				New Century Credit Corp.
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10

										6. REO Report					14

										7. Foreclosure Report					15
										8. Prepayment Report					17
										9. Prepayment Detail Report					20

										10. Realized Loss Report					31
										11. Realized Loss Detail Report					34
				Servicer(s)
										12. Triggers and Adj. Cert. Report					35
				New Century Mortgage Corporation
										13. Additional Certificate Report					36



				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					36


				Dates						Contacts

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

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005
										Main Phone Number:			(714) 247-6000

							July 22, 2005


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

				Revised Statement




Page 1 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	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	FLT, SR	$	1,196,382,000.00		1,120,734,419.99		3,115,723.87		42,862,892.40		45,978,616.27		0.00		0.00		1,077,871,527.59

A-1MZ	FLT, SR	$	299,096,000.00		280,184,073.38		785,469.90		10,715,741.01		11,501,210.91		0.00		0.00		269,468,332.37
A-2A	FLT, SR	$	490,000,000.00		432,696,054.46		1,152,445.56		32,019,943.39		33,172,388.95		0.00		0.00		400,676,111.07
A-2B	FLT, SR	$	190,000,000.00		190,000,000.00		522,302.82		0.00		522,302.82		0.00		0.00		190,000,000.00
A-2C	FLT, SR	$	106,757,000.00		106,757,000.00		304,265.28		0.00		304,265.28		0.00		0.00		106,757,000.00
A-2MZ	FLT, SR	$	122,789,000.00		113,845,585.24		320,040.94		4,997,345.85		5,317,386.79		0.00		0.00		108,848,239.39
M-1	MEZ, FLT	$	95,722,000.00		95,722,000.00		280,259.76		0.00		280,259.76		0.00		0.00		95,722,000.00
M-2	MEZ, FLT	$	83,757,000.00		83,757,000.00		247,182.36		0.00		247,182.36		0.00		0.00		83,757,000.00
M-3	MEZ, FLT	$	47,862,000.00		47,862,000.00		142,738.63		0.00		142,738.63		0.00		0.00		47,862,000.00
M-4	MEZ, FLT	$	62,817,000.00		62,817,000.00		196,621.82		0.00		196,621.82		0.00		0.00		62,817,000.00
M-5	MEZ, FLT	$	52,349,000.00		52,349,000.00		165,484.84		0.00		165,484.84		0.00		0.00		52,349,000.00
M-6	MEZ, FLT	$	32,904,000.00		32,904,000.00		105,295.21		0.00		105,295.21		0.00		0.00		32,904,000.00
M-7	MEZ, FLT	$	44,870,000.00		44,870,000.00		162,781.68		0.00		162,781.68		0.00		0.00		44,870,000.00
M-8	MEZ, FLT	$	34,400,000.00		34,400,000.00		126,135.86		0.00		126,135.86		0.00		0.00		34,400,000.00
M-9	MEZ, FLT	$	35,896,000.00		35,896,000.00		149,768.72		0.00		149,768.72		0.00		0.00		35,896,000.00
TRUST	EXE	$	0.00		0.00		8,674,795.59		0.00		8,674,795.59		0.00		0.00		0.00


Total			2,895,601,000.00		2,734,794,133.07		16,451,312.84		90,595,922.65		107,047,235.49		0.00		0.00		2,644,198,210.42





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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1SS	06/27/05		07/24/05		A-Act/360		64352VJU6		1,196,382,000.00		936.769711		2.604288		35.827096		38.431384	900.942615
A-1MZ	06/27/05		07/24/05		A-Act/360		64352VJV4		299,096,000.00		936.769711		2.626146		35.827096		38.453242	900.942615
A-2A	06/27/05		07/24/05		A-Act/360		64352VJW2		490,000,000.00		883.053172		2.351930		65.346823		67.698753	817.706349
A-2B	06/27/05		07/24/05		A-Act/360		64352VJX0		190,000,000.00		1,000.000000		2.748962		0.000000		2.748962	1,000.000000
A-2C	06/27/05		07/24/05		A-Act/360		64352VJY8		106,757,000.00		1,000.000000		2.850073		0.000000		2.850073	1,000.000000
A-2MZ	06/27/05		07/24/05		A-Act/360		64352VJZ5		122,789,000.00		927.164365		2.606430		40.698644		43.305074	886.465721
M-1	06/27/05		07/24/05		A-Act/360		64352VKA8		95,722,000.00		1,000.000000		2.927851		0.000000		2.927851	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		64352VKB6		83,757,000.00		1,000.000000		2.951184		0.000000		2.951184	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		64352VKC4		47,862,000.00		1,000.000000		2.982296		0.000000		2.982296	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		64352VKD2		62,817,000.00		1,000.000000		3.130073		0.000000		3.130073	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		64352VKE0		52,349,000.00		1,000.000000		3.161184		0.000000		3.161184	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		64352VKF7		32,904,000.00		1,000.000000		3.200073		0.000000		3.200073	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		64352VKG5		44,870,000.00		1,000.000000		3.627851		0.000000		3.627851	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		64352VKH3		34,400,000.00		1,000.000000		3.666740		0.000000		3.666740	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		64352VKJ9		35,896,000.00		1,000.000000		4.172296		0.000000		4.172296	1,000.000000
TRUST	06/25/05		07/24/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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	1,196,382,000.00		15,746,640.67		112,748,989.18		5,761,483.23		118,510,472.41		134,257,113.08		0.00		0.00		1,077,871,527.59
A-1MZ	299,096,000.00		3,973,102.02		28,187,294.41		1,440,373.22		29,627,667.63		33,600,769.65		0.00		0.00		269,468,332.37
A-2A	490,000,000.00		5,979,682.87		84,904,121.91		4,419,767.02		89,323,888.93		95,303,571.80		0.00		0.00		400,676,111.07
A-2B	190,000,000.00		2,538,202.82		0.00		0.00		0.00		2,538,202.82		0.00		0.00		190,000,000.00
A-2C	106,757,000.00		1,483,989.44		0.00		0.00		0.00		1,483,989.44		0.00		0.00		106,757,000.00
A-2MZ	122,789,000.00		1,624,845.52		13,250,968.50		689,792.11		13,940,760.61		15,565,606.13		0.00		0.00		108,848,239.39
M-1	95,722,000.00		1,370,480.17		0.00		0.00		0.00		1,370,480.17		0.00		0.00		95,722,000.00
M-2	83,757,000.00		1,209,643.35		0.00		0.00		0.00		1,209,643.35		0.00		0.00		83,757,000.00
M-3	47,862,000.00		699,214.16		0.00		0.00		0.00		699,214.16		0.00		0.00		47,862,000.00
M-4	62,817,000.00		967,421.31		0.00		0.00		0.00		967,421.31		0.00		0.00		62,817,000.00
M-5	52,349,000.00		814,932.35		0.00		0.00		0.00		814,932.35		0.00		0.00		52,349,000.00
M-6	32,904,000.00		519,081.29		0.00		0.00		0.00		519,081.29		0.00		0.00		32,904,000.00
M-7	44,870,000.00		810,679.55		0.00		0.00		0.00		810,679.55		0.00		0.00		44,870,000.00
M-8	34,400,000.00		628,681.64		0.00		0.00		0.00		628,681.64		0.00		0.00		34,400,000.00
M-9	35,896,000.00		753,240.31		0.00		0.00		0.00		753,240.31		0.00		0.00		35,896,000.00
TRUST	0.00		43,319,088.38		0.00		0.00		0.00		43,319,088.38		0.00		0.00		0.00


Total	2,895,601,000.00		82,438,925.85		239,091,374.00		12,311,415.58		251,402,789.58		333,841,715.43		0.00		0.00		2,644,198,210.42


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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1SS	3.57438%		1,120,734,419.99		3,115,723.87		0.00		0.00		0.00		3,115,723.87		3,115,723.87		0.00
A-1MZ	3.60438%		280,184,073.38		785,469.90		0.00		0.00		0.00		785,469.90		785,469.90		0.00
A-2A	3.42438%		432,696,054.46		1,152,445.56		0.00		0.00		0.00		1,152,445.56		1,152,445.56		0.00
A-2B	3.53438%		190,000,000.00		522,302.82		0.00		0.00		0.00		522,302.82		522,302.82		0.00
A-2C	3.66438%		106,757,000.00		304,265.28		0.00		0.00		0.00		304,265.28		304,265.28		0.00
A-2MZ	3.61438%		113,845,585.24		320,040.94		0.00		0.00		0.00		320,040.94		320,040.94		0.00
M-1	3.76438%		95,722,000.00		280,259.76		0.00		0.00		0.00		280,259.76		280,259.76		0.00
M-2	3.79438%		83,757,000.00		247,182.36		0.00		0.00		0.00		247,182.36		247,182.36		0.00
M-3	3.83438%		47,862,000.00		142,738.63		0.00		0.00		0.00		142,738.63		142,738.63		0.00
M-4	4.02438%		62,817,000.00		196,621.82		0.00		0.00		0.00		196,621.82		196,621.82		0.00
M-5	4.06438%		52,349,000.00		165,484.84		0.00		0.00		0.00		165,484.84		165,484.84		0.00
M-6	4.11438%		32,904,000.00		105,295.21		0.00		0.00		0.00		105,295.21		105,295.21		0.00
M-7	4.66438%		44,870,000.00		162,781.68		0.00		0.00		0.00		162,781.68		162,781.68		0.00
M-8	4.71438%		34,400,000.00		126,135.86		0.00		0.00		0.00		126,135.86		126,135.86		0.00
M-9	5.36438%		35,896,000.00		149,768.72		0.00		0.00		0.00		149,768.72		149,768.72		0.00
TRUST	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		8,674,795.59		0.00


Total			2,734,794,133.07		7,776,517.25		0.00		0.00		0.00		7,776,517.25		16,451,312.84		0.00



Page 3 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										36,940,272.09		53,467,159.19		90,407,431.28
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										36,940,272.09		53,467,159.19		90,407,431.28
Interest Collections										5,828,267.24		9,803,132.60		15,631,399.84
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts														1,221,335.06
Interest Fees										-74,565.76		-138,364.94		-212,930.70
TOTAL NET INTEREST										5,753,701.48		9,664,767.66		16,639,804.20
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										42,693,973.57		63,131,926.85		107,047,235.48



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											755,640.98		1,284,861.26		2,040,502.24
Curtailments											28,662.21		119,997.60		148,659.81
Prepayments In Full											36,156,579.95		52,041,941.49		88,198,521.44
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											77,404.86		130,834.30		208,239.16
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-651,452.21		-1,072,607.38		-1,724,059.59
Realized Losses											-78,015.91		-110,475.46		-188,491.37
Advanced Principal											651,452.21		1,072,607.38		1,724,059.59
TOTAL PRINCIPAL COLLECTED											36,940,272.09		53,467,159.19		90,407,431.28


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										6,198,368.80		10,401,613.97		16,599,982.77
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										610.85		1,267.57		1,878.42
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-85,850.48		-123,499.31		-209,349.79
Delinquent Interest										-5,184,304.89		-8,496,140.88		-13,680,445.77
Compensating Interest										85,850.49		123,499.31		209,349.79
Civil Relief Act Shortfalls										-18.72		-1,023.02		-1,041.74
Interest Advanced										4,813,611.20		7,897,414.96		12,711,026.16
TOTAL INTEREST COLLECTED										5,828,267.24		9,803,132.60		15,631,399.84


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														1,221,335.06
TOTAL INTEREST OTHER ACCOUNTS														1,221,335.06



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										73,678.24		136,893.70		210,571.93
Trustee Fees										887.52		1,471.24		2,358.76
Owner Trustee Fee										0.00		0.00		0.00
California Tax Filing Fees										0.00		0.00		0.00
TOTAL INTEREST FEES										74,565.76		138,364.94		212,930.70




Page 5 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Beginning Overcollateralization Amount														95,533,875.95
Overcollateralization Target Amount														95,722,367.32
Excess Overcollateralization Amount														0.00
Beginning Overcollateralization Deficiency Amount														188,491.37
Ending Overcollateralization Deficiency Amount														0.00
Ending Overcollateralized Amount														95,722,367.32


Credit Enhancement Percentage														21.390000%



Page 6 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										4,959		11,017		15,976
Prior										4,739		10,557		15,296
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-123		-262		-385
Repurchases										-0		-0		-0
Liquidations										-1		-3		-4
Current										4,615		10,292		14,907
Principal Balance:


Original										1,131,277,049.01		1,860,046,929.76		2,991,323,978.77
Prior										1,065,029,408.55		1,765,487,091.84		2,830,516,500.39
Prefunding										0.00		0.00		0.00
Scheduled Principal										-755,640.98		-1,284,861.26		-2,040,502.24
Partial Prepayments										-28,662.21		-119,997.60		-148,659.81
Full Voluntary Prepayments										-36,156,579.95		-52,041,941.49		-88,198,521.44
Repurchases										-0.00		-0.00		-0.00
Liquidations										-77,404.86		-130,834.30		-208,239.16
Current										1,028,011,120.55		1,711,909,457.19		2,739,920,577.74





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.01410%		7.08661%		7.05919%
Weighted Average Coupon Prior										6.99545%		7.07556%		7.04542%
Weighted Average Coupon Current										6.98457%		7.07083%		7.03837%
Weighted Average Months to Maturity Original										354		354		354
Weighted Average Months to Maturity Prior										351		350		351
Weighted Average Months to Maturity Current										350		349		350
Weighted Avg Remaining Amortization Term Original										354		354		354
Weighted Avg Remaining Amortization Term Prior										351		350		351
Weighted Avg Remaining Amortization Term Current										350		349		350
Weighted Average Seasoning Original										1.95		1.67		1.77
Weighted Average Seasoning Prior										4.95		4.66		4.77
Weighted Average Seasoning Current										5.95		5.65		5.76









Page 8 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.62149%		5.63991%		5.63278%
Weighted Average Margin Prior										5.61878%		5.64026%		5.63199%
Weighted Average Margin Current										5.61779%		5.64237%		5.63291%
Weighted Average Max Rate Original										13.93195%		14.02326%		13.98790%
Weighted Average Max Rate Prior										13.90722%		14.00931%		13.97000%
Weighted Average Max Rate Current										13.89512%		14.00327%		13.96166%
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										1.50299%		1.49752%		1.49964%
Weighted Average Cap Up Prior										1.50313%		1.49744%		1.49963%
Weighted Average Cap Up Current										1.50342%		1.49751%		1.49979%
Weighted Average Cap Down Original										1.50299%		1.49752%		1.49964%
Weighted Average Cap Down Prior										1.50313%		1.49744%		1.49963%
Weighted Average Cap Down Current										1.50342%		1.49751%		1.49979%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										73,678.24		136,893.70		210,571.93
Delinquent Servicing Fees										370,050.34		598,725.93		968,776.27
TOTAL SERVICING FEES										443,728.57		735,619.65		1,179,348.22


Total Servicing Fees										443,728.57		735,619.65		1,179,348.22
Compensating Interest										-85,850.49		-123,499.31		-209,349.79
Delinquent Servicing Fees										-370,050.34		-598,725.93		-968,776.27
COLLECTED SERVICING FEES										-12,172.25		13,394.41		1,222.17


Total Advanced Interest										4,813,611.20		7,897,414.96		12,711,026.16
Total Advanced Principal										651,452.21		1,072,607.38		1,724,059.59
Aggregate Advances with respect to this Distribution										5,465,063.41		8,970,022.34		14,435,085.74





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										85,850.48		123,499.31		209,349.79
Compensating Interest										-85,850.49		-123,499.31		-209,349.79
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Current LIBOR Rate														3.314380%
Next LIBOR Rate														3.460000%




Page 9 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				31,034,560.41		7,928,100.39		1,870,196.94		40,832,857.74
			% Balance				1.13%		0.29%		0.07%		1.49%
			# Loans				173		52		10		235
			% # Loans				1.16%		0.35%		0.07%		1.58%
	FORECLOSURE		Balance		0.00		0.00		5,532,216.13		10,992,629.76		16,524,845.89
			% Balance		0.00%		0.00%		0.20%		0.40%		0.60%
			# Loans		0		0		28		55		83
			% # Loans		0.00%		0.00%		0.19%		0.37%		0.56%
	BANKRUPTCY		Balance		5,143,236.17		0.00		545,939.78		552,780.02		6,241,955.97
			% Balance		0.19%		0.00%		0.02%		0.02%		0.23%
			# Loans		35		0		3		2		40
			% # Loans		0.23%		0.00%		0.02%		0.01%		0.27%
	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		5,143,236.17		31,034,560.41		14,006,256.30		13,415,606.72		63,599,659.60
			% Balance		0.19%		1.13%		0.51%		0.49%		2.32%
			# Loans		35		173		83		67		358
			% # Loans		0.23%		1.16%		0.56%		0.45%		2.40%









Page 10 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				19,091,595.38		4,345,003.30		39,713.92		23,476,312.60
			% Balance				1.12%		0.25%		0.00%		1.37%
			# Loans				115		30		1		146
			% # Loans				1.12%		0.29%		0.01%		1.42%
	FORECLOSURE		Balance		0.00		0.00		1,872,897.96		6,321,195.20		8,194,093.16
			% Balance		0.00%		0.00%		0.11%		0.37%		0.48%
			# Loans		0		0		13		33		46
			% # Loans		0.00%		0.00%		0.13%		0.32%		0.45%
	BANKRUPTCY		Balance		3,529,119.30		0.00		185,959.81		79,769.03		3,794,848.14
			% Balance		0.21%		0.00%		0.01%		0.00%		0.22%
			# Loans		25		0		2		1		28
			% # Loans		0.24%		0.00%		0.02%		0.01%		0.27%
	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		3,529,119.30		19,091,595.38		6,403,861.07		6,440,678.15		35,465,253.90
			% Balance		0.21%		1.12%		0.37%		0.38%		2.07%
			# Loans		25		115		45		35		220
			% # Loans		0.24%		1.12%		0.44%		0.34%		2.14%










Page 11 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,942,965.03		3,583,097.09		1,830,483.02		17,356,545.14
			% Balance				1.16%		0.35%		0.18%		1.69%
			# Loans				58		22		9		89
			% # Loans				1.26%		0.48%		0.20%		1.93%
	FORECLOSURE		Balance		0.00		0.00		3,659,318.17		4,671,434.56		8,330,752.73
			% Balance		0.00%		0.00%		0.36%		0.45%		0.81%
			# Loans		0		0		15		22		37
			% # Loans		0.00%		0.00%		0.33%		0.48%		0.80%
	BANKRUPTCY		Balance		1,614,116.87		0.00		359,979.97		473,010.99		2,447,107.83
			% Balance		0.16%		0.00%		0.04%		0.05%		0.24%
			# Loans		10		0		1		1		12
			% # Loans		0.22%		0.00%		0.02%		0.02%		0.26%
	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		1,614,116.87		11,942,965.03		7,602,395.23		6,974,928.57		28,134,405.70
			% Balance		0.16%		1.16%		0.74%		0.68%		2.74%
			# Loans		10		58		38		32		138
			% # Loans		0.22%		1.26%		0.82%		0.69%		2.99%










Page 12 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								173		$31,034,560.41				1.13%

60-89 Days Delinquent								83		$14,006,256.30				0.51%

90 or more Days Delinquent								67		$13,415,606.72				0.49%

Aggregate								323		$58,456,423.43				2.13%

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


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							83			$16,524,845.89				0.60%

Loans in bankruptcy proceedings								40		$6,241,955.97				0.23%

REO Properties							0			$0.00				0.00%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							14,584			$2,681,464,154.31				97.87%

30							173			$31,034,560.41				1.13%

60							55			$8,474,040.17				0.31%

90							12
										$2,422,976.96				0.09%

FC							83			$16,524,845.89				0.60%

REO							0			$0.00				0.00%

Total							14,907			$2,739,920,577.74				100.00%

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

BK								40		$6,241,955.97				0.23%



Page 13 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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
1924824 1
			320,000.00		317,627.35		01-Mar-2005		5.750%		CA - 100.00%		360		01-Jan-2005

1928293 1			135,000.00		134,474.53		01-Feb-2005		8.250%		UT - 90.00%		360		01-Feb-2005
1970336 1			356,400.00		354,657.61		01-Feb-2005		7.900%		CA - 89.10%		360		01-Jan-2005
1973504 1			139,500.00		138,945.92		01-Feb-2005		8.150%		AL - 90.00%		360		01-Feb-2005
1981762 1			110,000.00		109,651.14		01-Mar-2005		9.250%		CA - 44.00%		360		01-Feb-2005
1985978 1			270,000.00		270,000.00		01-Feb-2005		8.600%		WA - 90.00%		360		01-Feb-2005
1994297 1			81,000.00		80,651.36		01-Feb-2005		7.750%		IL - 90.00%		360		01-Feb-2005
1998631 1			90,000.00		89,533.00		01-Mar-2005		6.800%		FL - 25.79%		360		01-Feb-2005
2013158 1			243,000.00		242,113.81		01-Mar-2005		7.650%		CA - 56.51%		360		01-Mar-2005
1000150927 1			189,000.00		188,419.03		01-Feb-2005		9.400%		ME - 90.00%		360		01-Feb-2005
1000163183 1			242,250.00		241,134.90		01-Feb-2005		8.200%		NJ - 85.00%		360		01-Jan-2005
1000173074 1			144,000.00		143,483.29		01-Mar-2005		8.650%		GA - 90.00%		360		01-Feb-2005
1000173608 1			76,000.00		75,761.49		01-Mar-2005		9.300%		LA - 90.00%		360		01-Feb-2005
1000183973 1			98,400.00		97,909.18		01-Feb-2005		7.800%		IL - 60.00%		360		01-Jan-2005
1000204488 1			314,500.00		313,324.49		01-Jan-2005		8.450%		SC - 95.00%		360		01-Feb-2005
1000209090 1			264,000.00		262,372.77		01-Feb-2005		5.900%		NY - 100.00%		360		01-Feb-2005
1000217679 1			178,320.00		177,621.13		01-Feb-2005		8.990%		WA - 100.00%		360		01-Jan-2005
1000228417 1			357,000.00		355,562.55		01-Feb-2005		7.150%		NJ - 85.00%		360		01-Mar-2005
1000283053 1			169,600.00		169,600.00		01-Feb-2005		6.500%		CA - 100.00%		360		01-Jan-2005
1000304940 1			87,920.00		87,393.23		01-Feb-2005		6.050%		SC - 100.00%		360		01-Feb-2005
1000324321 1			140,000.00		139,360.50		01-Feb-2005		7.450%		GA - 84.85%		360		01-Feb-2005
1000341963 1			308,000.00		306,432.68		01-Feb-2005		6.900%		NY - 100.00%		360		01-Feb-2005
1000347994 1			61,200.00		60,978.14		01-Feb-2005		8.600%		OH - 90.00%		360		01-Feb-2005
1000358927 1			90,100.00		89,717.99		#######		7.950%		TX - 85.00%		360		01-Feb-2005
1000380153 1			155,000.00		154,390.56		01-Mar-2005		8.200%		CA - 77.50%		360		01-Feb-2005
1000385531 1			85,500.00		85,142.90		01-Mar-2005		7.900%		IN - 90.00%		360		01-Feb-2005
1000394380 1			458,000.00		456,235.20		01-Feb-2005		8.300%		CA - 100.00%		360		01-Feb-2005
1000394497 1			310,400.00		308,953.79		01-Feb-2005		7.350%		MN - 100.00%		360		01-Feb-2005
1000422055 1			156,000.00		156,000.00		01-Feb-2005		7.825%		CT - 100.00%		360		01-Feb-2005
1000502058 1			152,915.00		152,250.32		01-Feb-2005		7.700%		CA - 85.00%		360		01-Feb-2005
1000535549 1			67,500.00		67,263.44		01-Feb-2005		7.850%		OK - 90.00%		360		01-Mar-2005
1000552583 1			253,725.00		252,641.63		01-Feb-2005		6.850%		CA - 85.00%		360		01-Mar-2005
1000556785 1			70,200.00		69,963.10		01-Feb-2005		8.950%		OH - 90.00%		360		01-Feb-2005
1000584969 1			212,000.00		211,242.11		01-Mar-2005		7.750%		WA - 80.00%		360		01-Mar-2005
1000586155 1			114,300.00		113,907.47		01-Feb-2005		7.950%		MI - 90.00%		360		01-Mar-2005
1000639410 1			127,800.00		127,426.93		01-Mar-2005		8.750%		FL - 90.00%		360		01-Mar-2005
1000650129 1			114,400.00		114,069.45		01-Feb-2005		8.800%		FL - 80.00%		360		01-Mar-2005
1000651681 1			240,030.00		239,417.56		01-Feb-2005		9.400%		TX - 95.00%		360		01-Mar-2005
1000666443 1			82,350.00		82,107.14		01-Feb-2005		8.700%		NC - 90.00%		360		01-Mar-2005
1000697446 1			67,500.00		67,338.24		01-Feb-2005		9.700%		WI - 75.00%		360		01-Mar-2005
1000702216 1			59,400.00		59,197.89		01-Mar-2005		8.000%		IN - 95.00%		360		01-Mar-2005
1000711395 1			350,100.00		348,907.29		01-Feb-2005		7.990%		CA - 90.00%		360		01-Mar-2005
1000717905 1			66,725.00		66,526.18		01-Mar-2005		8.650%		IN - 85.00%		360		01-Mar-2005
1000751216 1			200,000.00		199,218.13		01-Feb-2005		7.300%		TX - 100.00%		360		01-Mar-2005
1000766790 1			225,000.00		224,366.43		01-Feb-2005		8.925%		ME - 95.00%		360		01-Mar-2005
1000782291 1			191,250.00		190,801.31		01-Mar-2005		9.800%		NM - 85.00%		360		01-Mar-2005
1741523 2			436,000.00		432,786.36		01-Mar-2005		6.500%		CA - 80.00%		360		01-Dec-2004
1864126 2			280,000.00		279,233.04		01-Feb-2005		9.950%		NY - 100.00%		360		01-Feb-2005
1939731 2			103,410.00		102,911.58		01-Feb-2005		8.650%		FL - 100.00%		360		01-Dec-2004


Page 15 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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
1951116 2
			89,879.11		89,547.76		01-Mar-2005		9.325%		TX - 100.00%		360		01-Dec-2004

1964126 2			100,500.00		100,084.41		01-Feb-2005		7.950%		MD - 75.00%		360		01-Feb-2005
1986706 2			151,000.00		150,559.47		01-Mar-2005		9.650%		GA - 100.00%		360		01-Feb-2005
1989978 2			116,250.00		115,777.88		01-Feb-2005		8.050%		MI - 75.00%		360		01-Feb-2005
2015703 2			207,000.00		206,158.31		01-Mar-2005		7.100%		MA - 90.00%		360		01-Mar-2005
2018725 2			75,100.00		74,923.78		01-Feb-2005		9.800%		IL - 58.22%		360		01-Mar-2005
1000124289 2			129,500.00		128,914.22		01-Mar-2005		7.500%		FL - 69.62%		360		01-Feb-2005
1000190082 2			502,400.00		499,916.52		01-Mar-2005		7.050%		IL - 100.00%		360		01-Feb-2005
1000191492 2			175,600.00		174,723.63		01-Feb-2005		7.000%		MA - 100.00%		360		01-Feb-2005
1000200650 2			76,500.00		76,216.97		01-Mar-2005		8.500%		SC - 95.00%		360		01-Feb-2005
1000203504 2			84,000.00		83,667.99		01-Feb-2005		8.175%		OH - 80.00%		360		01-Feb-2005
1000239806 2			384,000.00		384,000.00		01-Jan-2005		6.550%		WA - 100.00%		360		01-Feb-2005
1000254174 2			650,000.00		646,594.58		01-Feb-2005		6.750%		NY - 94.66%		360		01-Feb-2005
1000318828 2			456,720.00		456,720.00		01-Jan-2005		6.100%		CA - 100.00%		360		01-Feb-2005
1000344032 2			72,000.00		71,650.71		01-Mar-2005		7.150%		IN - 95.00%		360		01-Feb-2005
1000349545 2			132,000.00		131,706.23		01-Mar-2005		10.050%		TX - 80.00%		360		01-Mar-2005
1000354832 2			53,600.00		53,406.65		01-Feb-2005		8.625%		OH - 100.00%		360		01-Feb-2005
1000387842 2			242,250.00		241,258.31		01-Feb-2005		8.000%		SC - 85.00%		360		01-Feb-2005
1000419568 2			50,400.00		50,215.42		01-Feb-2005		8.550%		OH - 90.00%		360		01-Feb-2005
1000452502 2			182,750.00		181,855.20		01-Mar-2005		7.100%		IL - 85.00%		360		01-Feb-2005
1000480553 2			416,500.00		413,834.55		01-Mar-2005		5.700%		NY - 85.00%		360		01-Feb-2005
1000503636 2			242,000.00		240,996.50		01-Feb-2005		7.000%		MA - 84.91%		360		01-Mar-2005
1000517809 2			315,000.00		313,364.51		01-Mar-2005		7.150%		CA - 75.00%		360		01-Feb-2005
1000536334 2			116,250.00		115,960.53		01-Feb-2005		10.400%		MI - 75.00%		360		01-Feb-2005
1000591372 2			158,876.62		158,500.65		01-Feb-2005		9.800%		WA - 85.00%		360		01-Feb-2005
1000596527 2			192,500.00		191,740.02		01-Feb-2005		7.250%		FL - 72.64%		360		01-Mar-2005
1000599178 2			399,960.00		397,303.04		01-Feb-2005		5.500%		CA - 100.00%		360		01-Feb-2005
1000616088 2			85,950.00		85,607.30		01-Feb-2005		7.200%		MO - 90.00%		360		01-Mar-2005
1000642040 2			378,000.00		376,688.70		01-Feb-2005		7.900%		CA - 90.00%		360		01-Mar-2005
1000718398 2			277,500.00		276,457.33		01-Feb-2005		7.500%		NY - 75.00%		360		01-Mar-2005
1000719182 2			65,800.00		65,686.83		01-Mar-2005		11.250%		GA - 63.88%		360		01-Mar-2005
1000756079 2			504,000.00		501,697.04		01-Mar-2005		6.500%		NY - 100.00%		360		01-Mar-2005
1000759600 2			396,800.00		395,423.49		01-Mar-2005		7.900%		CA - 100.00%		360		01-Mar-2005
1000779633 2			64,800.00		64,663.22		01-Feb-2005		10.300%		AL - 95.00%		360		01-Mar-2005


TOTAL			16,590,080.73		16,524,845.89


Page 16 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										123		262		385
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										123		262		385
Curtailments Amount										28,662.21		119,997.60		148,659.81
Paid in Full Balance										36,156,579.95		52,041,941.49		88,198,521.44
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										36,185,242.16		52,161,939.09		88,347,181.25

Cumulative


Number of Paid in Full Loans										341		718		1,059
Number of Repurchased Loans										2		4		6
Total Number of Loans Prepaid in Full										343		722		1,065
Paid in Full Balance										98,115,442.84		139,964,157.96		238,079,600.80
Repurchased Loans Balance										801,677.65		978,529.01		1,780,206.66
Curtailments Amount										369,166.56		434,978.93		804,145.49
Total Prepayment Amount										99,286,287.05		141,377,665.90		240,663,952.95










Page 17 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										3.41%		2.96%		3.13%
3 Months Avg SMM										2.28%		2.13%		2.19%
12 Months Avg SMM										1.83%		1.57%		1.67%
Avg SMM Since Cut-off										1.83%		1.57%		1.67%


CPR										34.03%		30.31%		31.73%
3 Months Avg CPR										24.22%		22.76%		23.31%
12 Months Avg CPR										19.85%		17.34%		18.29%
Avg CPR Since Cut-off										19.85%		17.34%		18.29%


PSA										2,861.14%		2,680.84%		2,752.91%
3 Months Avg PSA Approximation										2,447.23%		2,444.03%		2,445.59%
12 Months Avg PSA Approximation										2,512.08%		2,369.12%		2,426.83%
Avg PSA Since Cut-off Approximation										2,512.08%		2,369.12%		2,426.83%










Page 18 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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 19 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1826038 2			628,000.00		623,588.27			20-Jun-2005		6.750%		WI - 80.00%		Paid Off - 360		01-Nov-2004


1859811 1			173,826.45		172,766.81			29-Jun-2005		5.990%		CA - 82.86%		Paid Off - 360		01-Dec-2004

1860049 1			275,000.00		273,054.62			07-Jun-2005		6.000%		CA - 74.32%		Paid Off - 360		01-Dec-2004

1865024 1			60,000.00		59,801.66			30-Jun-2005		9.050%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1879796 2			315,000.00		313,602.60			20-Jun-2005		9.125%		NM - 78.75%		Paid Off - 360		01-Nov-2004

1883948 2			84,000.00		83,668.37			15-Jun-2005		7.250%		FL - 75.00%		Paid Off - 360		01-Feb-2005

1891369 1			160,000.00		158,995.06			14-Jun-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1894166 1			333,000.00		330,621.63			06-Jun-2005		5.950%		CA - 90.00%		Paid Off - 360		01-Dec-2004

1907387 1			333,000.00		331,023.78			24-Jun-2005		6.100%		NY - 90.00%		Paid Off - 360		01-Jan-2005

1921527 1			210,591.00		209,979.41			30-Jun-2005		8.775%		NV - 90.00%		Paid Off - 360		01-Feb-2005

1928645 1			254,706.83		253,319.72			07-Jun-2005		5.750%		CA - 63.59%		Paid Off - 360		01-Dec-2004

1934007 2			63,000.00		62,673.03			28-Jun-2005		7.600%		IN - 90.00%		Paid Off - 360		01-Dec-2004

1934496 2			210,000.00		209,140.31			27-Jun-2005		8.000%		NJ - 75.00%		Paid Off - 360		01-Jan-2005

1944757 1			340,000.00		340,000.00			09-Jun-2005		6.850%		AZ - 100.00%		Paid Off - 360		01-Feb-2005

1945890 1			312,000.00		310,012.38			09-Jun-2005		6.550%		CA - 89.78%		Paid Off - 360		01-Dec-2004

1945948 1			240,000.00		238,251.59			23-Jun-2005		5.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1946493 1			215,722.68		214,820.45			30-Jun-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1946757 2			180,000.00		179,029.19			29-Jun-2005		6.600%		NV - 94.74%		Paid Off - 360		01-Jan-2005

1954710 1			180,000.00		178,987.13			16-Jun-2005		5.400%		WA - 90.00%		Paid Off - 360		01-Feb-2005

1957160 1			60,000.00		58,264.34			27-Jun-2005		5.990%		CA - 25.00%		Paid Off - 180		01-Jan-2005

1957650 2			70,125.00		69,884.13			30-Jun-2005		7.950%		NM - 75.00%		Paid Off - 360		01-Feb-2005

1959381 1			140,956.00		140,012.96			29-Jun-2005		6.400%		TX - 100.00%		Paid Off - 360		01-Jan-2005

1960084 2			558,750.00		555,106.71			29-Jun-2005		5.600%		CA - 75.00%		Paid Off - 360		01-Jan-2005

1962015 1			129,000.00		128,311.03			30-Jun-2005		7.300%		CA - 49.62%		Paid Off - 360		01-Jan-2005

1963710 2			377,100.00		377,100.05			20-Jun-2005		7.900%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1964037 1			198,000.00		197,086.48			03-Jun-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1965107 1			432,000.00		429,070.96			30-Jun-2005		5.390%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1965980 1			261,800.00		260,490.92			30-Jun-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1967283 1			238,000.00		238,000.00			27-Jun-2005		5.500%		CA - 42.50%		Paid Off - 360		01-Jan-2005

1967583 1			230,000.00		230,000.00			20-Jun-2005		5.750%		CA - 73.02%		Paid Off - 360		01-Feb-2005

1967833 2			360,000.00		359,994.92			22-Jun-2005		5.550%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1968937 1			110,305.87		109,708.45			29-Jun-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1969537 2			319,500.00		317,920.99			02-Jun-2005		7.050%		HI - 90.00%		Paid Off - 360		01-Jan-2005

1970034 1			240,000.00		238,723.08			21-Jun-2005		5.700%		CA - 87.27%		Paid Off - 360		01-Feb-2005

1970141 1			200,000.00		198,785.03			06-Jun-2005		5.990%		CA - 63.49%		Paid Off - 360		01-Jan-2005

1970477 2			325,800.00		324,369.62			10-Jun-2005		7.650%		IL - 90.00%		Paid Off - 360		01-Jan-2005

1970712 1			100,000.00		99,606.82			06-Jun-2005		8.200%		CA - 31.75%		Paid Off - 360		01-Jan-2005



Page 20 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1970906 2			81,000.00		79,571.91			06-Jun-2005		8.000%		MS - 90.00%		Paid Off - 180		01-Jan-2005


1971168 1			185,250.00		184,557.57			07-Jun-2005		8.450%		AZ - 95.00%		Paid Off - 360		01-Jan-2005

1971665 2			544,850.00		542,125.66			27-Jun-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1974585 2			499,800.00		496,479.79			02-Jun-2005		5.500%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1974697 2			450,000.00		447,822.00			24-Jun-2005		6.200%		CA - 79.65%		Paid Off - 360		01-Feb-2005

1975539 2			231,900.00		231,900.00			08-Jun-2005		7.450%		NV - 79.99%		Paid Off - 360		01-Feb-2005

1975725 2			115,000.00		114,646.53			03-Jun-2005		9.500%		VA - 52.27%		Paid Off - 360		01-Jan-2005

1976692 1			100,904.17		100,354.83			13-Jun-2005		6.250%		OR - 71.13%		Paid Off - 360		01-Jan-2005

1978255 1			208,250.00		207,459.68			30-Jun-2005		7.450%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1979121 1			347,600.00		345,176.95			22-Jun-2005		5.240%		CA - 88.00%		Paid Off - 360		01-Jan-2005

1979134 1			187,500.00		186,950.68			28-Jun-2005		9.700%		CA - 75.00%		Paid Off - 360		01-Jan-2005

1979158 1			144,500.00		144,479.78			30-Jun-2005		7.000%		AZ - 98.83%		Paid Off - 300		01-Feb-2005

1979339 1			169,500.00		168,183.93			24-Jun-2005		6.350%		CA - 79.95%		Paid Off - 360		01-Jan-2005

1979445 1			140,000.00		139,025.66			08-Jun-2005		5.250%		CA - 73.68%		Paid Off - 360		01-Jan-2005

1979556 2			328,500.00		326,934.74			02-Jun-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Jan-2005

1980401 2			414,080.00		414,080.00			29-Jun-2005		6.450%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1984046 1			192,500.00		192,087.68			17-Jun-2005		9.150%		CA - 70.00%		Paid Off - 360		01-Mar-2005

1984504 2			153,750.00		153,231.26			22-Jun-2005		8.950%		RI - 75.00%		Paid Off - 360		01-Jan-2005

1984721 2			130,900.00		130,364.14			24-Jun-2005		8.000%		FL - 85.00%		Paid Off - 360		01-Jan-2005

1984971 2			368,000.00		367,884.03			29-Jun-2005		7.225%		CA - 100.00%		Paid Off - 360		01-Jan-2005

1986688 1			122,400.00		121,856.66			07-Jun-2005		6.650%		OH - 80.00%		Paid Off - 360		01-Feb-2005

1988560 1			50,040.00		49,861.09			27-Jun-2005		7.750%		TX - 90.00%		Paid Off - 360		01-Feb-2005

1989369 2			212,000.00		209,736.39			17-Jun-2005		6.200%		MA - 47.11%		Paid Off - 240		01-Feb-2005

1989774 1			152,000.00		151,318.69			28-Jun-2005		6.600%		CT - 80.00%		Paid Off - 360		01-Feb-2005

1991753 2			68,400.00		67,596.53			30-Jun-2005		7.625%		TX - 83.41%		Paid Off - 360		01-Feb-2005

1993446 1			156,500.00		155,978.49			24-Jun-2005		8.100%		NJ - 63.10%		Paid Off - 360		01-Feb-2005

1995202 1			178,200.00		176,249.91			09-Jun-2005		5.990%		MA - 90.00%		Paid Off - 240		01-Feb-2005

1995737 1			340,000.00		338,022.24			07-Jun-2005		5.550%		MA - 86.73%		Paid Off - 360		01-Feb-2005

1995844 1			320,000.00		318,633.12			27-Jun-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1996281 1			136,000.00		135,335.43			24-Jun-2005		6.150%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1996673 2			446,600.00		444,290.06			15-Jun-2005		5.850%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1997471 1			87,550.00		87,224.25			30-Jun-2005		7.550%		IL - 85.00%		Paid Off - 360		01-Feb-2005

2002711 1			51,040.00		50,932.90			23-Jun-2005		9.250%		FL - 51.04%		Paid Off - 360		01-Mar-2005

2004962 1			336,000.00		336,000.00			27-Jun-2005		5.650%		CA - 100.00%		Paid Off - 360		01-Mar-2005

2005656 1			170,000.00		169,103.97			06-Jun-2005		5.750%		NH - 87.63%		Paid Off - 360		01-Feb-2005

2010033 1			90,250.00		89,976.83			06-Jun-2005		7.450%		OH - 95.00%		Paid Off - 360		01-Mar-2005

2018676 1			231,000.00		230,207.29			29-Jun-2005		6.950%		PA - 75.00%		Paid Off - 360		01-Mar-2005

2019387 1			100,000.00		99,514.81			09-Jun-2005		7.800%		CA - 58.82%		Paid Off - 360		01-Mar-2005



Page 21 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

2020177 1			105,000.00		104,942.22			16-Jun-2005		6.550%		NV - 75.00%		Paid Off - 360		01-Mar-2005


2022710 1			123,250.00		122,892.07			09-Jun-2005		7.700%		IL - 85.00%		Paid Off - 360		01-Mar-2005

2023391 1			172,500.00		171,806.59			30-Jun-2005		5.990%		NV - 71.88%		Paid Off - 360		01-Mar-2005

2026993 1			135,200.00		135,162.70			30-Jun-2005		6.550%		MN - 65.00%		Paid Off - 360		01-Mar-2005

2028610 1			148,350.00		147,905.45			30-Jun-2005		7.500%		CA - 70.48%		Paid Off - 360		01-Mar-2005

2028717 1			73,000.00		72,938.56			07-Jun-2005		13.850%		VA - 75.91%		Paid Off - 360		01-Mar-2005

2029069 2			163,800.00		163,279.10			21-Jun-2005		7.200%		MN - 90.00%		Paid Off - 360		01-Mar-2005

1000046408 1			139,650.00		138,760.31			09-Jun-2005		6.550%		FL - 95.00%		Paid Off - 360		01-Dec-2004

1000048923 1			169,408.47		168,966.17			09-Jun-2005		9.450%		FL - 94.97%		Paid Off - 360		01-Oct-2004

1000076866 1			216,000.00		214,472.02			27-Jun-2005		6.000%		CA - 100.00%		Paid Off - 360		01-Dec-2004

1000077847 2			440,000.00		437,249.43			20-Jun-2005		5.825%		CA - 82.24%		Paid Off - 360		01-Jan-2005

1000077927 1			248,000.00		246,161.17			27-Jun-2005		5.750%		CA - 100.00%		Paid Off - 360		01-Dec-2004

1000107798 2			148,750.00		148,043.15			16-Jun-2005		7.250%		CT - 85.00%		Paid Off - 360		01-Jan-2005

1000112498 2			153,000.00		152,467.69			21-Jun-2005		7.900%		DC - 61.94%		Paid Off - 360		01-Feb-2005

1000114156 2			468,000.00		468,000.00			16-Jun-2005		5.350%		CA - 100.00%		Paid Off - 360		01-Jan-2005

1000115574 1			123,692.48		122,117.21			27-Jun-2005		9.700%		CA - 64.25%		Paid Off - 180		01-Jan-2005

1000118483 1			51,000.00		50,866.27			16-Jun-2005		10.900%		MD - 100.00%		Paid Off - 360		01-Dec-2004

1000131770 2			153,750.00		153,175.35			15-Jun-2005		8.450%		MD - 75.00%		Paid Off - 360		01-Jan-2005

1000134884 2			550,000.00		548,713.74			22-Jun-2005		8.725%		NY - 78.57%		Paid Off - 360		01-Mar-2005

1000135927 1			207,000.00		206,252.57			16-Jun-2005		7.700%		MN - 90.00%		Paid Off - 360		01-Feb-2005

1000141046 1			63,920.00		63,675.00			28-Jun-2005		8.550%		PA - 80.00%		Paid Off - 360		01-Feb-2005

1000147433 1			218,500.00		217,388.08			29-Jun-2005		6.900%		CA - 95.00%		Paid Off - 360		01-Jan-2005

1000150570 2			176,000.00		175,389.44			30-Jun-2005		7.900%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

1000151089 1			297,500.00		296,001.46			27-Jun-2005		5.990%		CA - 83.80%		Paid Off - 360		01-Feb-2005

1000151864 1			405,000.00		402,939.04			30-Jun-2005		6.900%		CA - 83.51%		Paid Off - 360		01-Jan-2005

1000161005 2			660,000.00		656,300.94			29-Jun-2005		6.400%		CA - 100.00%		Paid Off - 360		01-Jan-2005

1000162567 1			260,000.00		258,320.36			02-Jun-2005		5.650%		VA - 84.69%		Paid Off - 360		01-Jan-2005

1000163968 1			149,500.00		149,072.45			10-Jun-2005		8.850%		IL - 63.89%		Paid Off - 360		01-Feb-2005

1000165591 2			233,200.00		231,935.79			27-Jun-2005		5.600%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

1000166457 1			345,000.00		343,257.24			02-Jun-2005		5.975%		NJ - 85.82%		Paid Off - 360		01-Feb-2005

1000167483 1			187,000.00		186,120.49			30-Jun-2005		6.350%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000167704 2			464,000.00		460,974.83			17-Jun-2005		5.850%		VA - 80.00%		Paid Off - 360		01-Jan-2005

1000168428 1			136,000.00		135,577.89			28-Jun-2005		8.450%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000173859 1			490,500.00		488,693.26			08-Jun-2005		7.600%		MA - 90.00%		Paid Off - 360		01-Feb-2005

1000180217 1			270,000.00		268,068.64			07-Jun-2005		5.100%		CA - 87.10%		Paid Off - 360		01-Jan-2005

1000185285 2			214,900.00		213,693.23			07-Jun-2005		6.390%		NJ - 71.63%		Paid Off - 360		01-Jan-2005

1000187880 2			169,000.00		168,182.37			22-Jun-2005		7.100%		NJ - 67.60%		Paid Off - 360		01-Feb-2005

1000189815 2			169,200.00		168,296.21			28-Jun-2005		6.650%		MA - 100.00%		Paid Off - 360		01-Jan-2005



Page 22 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000195229 1			165,600.00		165,600.00			28-Jun-2005		7.475%		FL - 100.00%		Paid Off - 360		01-Feb-2005


1000206128 2			184,500.00		184,034.16			27-Jun-2005		9.450%		RI - 90.00%		Paid Off - 360		01-Feb-2005

1000209198 1			212,000.00		211,200.29			23-Jun-2005		8.200%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

1000209483 2			224,000.00		223,077.09			27-Jun-2005		8.050%		NJ - 80.00%		Paid Off - 360		01-Jan-2005

1000209492 2			126,000.00		125,401.22			07-Jun-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005

1000211639 1			250,000.00		248,487.95			30-Jun-2005		6.000%		CA - 68.31%		Paid Off - 360		01-Jan-2005

1000215136 1			261,250.00		260,370.65			07-Jun-2005		8.050%		MA - 95.00%		Paid Off - 360		01-Feb-2005

1000221593 1			269,885.00		268,484.67			29-Jun-2005		6.800%		CA - 74.97%		Paid Off - 360		01-Jan-2005

1000225090 2			366,500.00		364,906.89			01-Jun-2005		7.700%		IL - 89.39%		Paid Off - 360		01-Jan-2005

1000227016 1			165,000.00		164,241.25			21-Jun-2005		8.050%		FL - 75.00%		Paid Off - 360		01-Feb-2005

1000228550 2			600,000.00		600,000.00			13-Jun-2005		6.450%		CA - 100.00%		Paid Off - 360		01-Jan-2005

1000229078 2			150,000.00		149,498.02			13-Jun-2005		8.990%		CA - 100.00%		Paid Off - 360		01-Jan-2005

1000229577 2			173,000.00		172,396.37			27-Jun-2005		8.450%		FL - 84.80%		Paid Off - 360		01-Feb-2005

1000229997 1			256,265.86		255,076.13			02-Jun-2005		6.450%		MA - 95.00%		Paid Off - 360		01-Jan-2005

1000230253 1			276,250.00		275,049.19			22-Jun-2005		7.700%		NY - 100.00%		Paid Off - 360		01-Jan-2005

1000230725 2			448,500.00		446,410.36			07-Jun-2005		7.350%		NJ - 83.06%		Paid Off - 360		01-Jan-2005

1000231038 2			475,000.00		473,059.10			16-Jun-2005		7.075%		NJ - 84.97%		Paid Off - 360		01-Feb-2005

1000233802 1			204,750.00		203,656.31			03-Jun-2005		6.650%		CA - 90.00%		Paid Off - 360		01-Jan-2005

1000236195 2			399,500.00		399,380.14			23-Jun-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000239227 1			355,000.00		353,527.99			30-Jun-2005		7.000%		MA - 81.61%		Paid Off - 360		01-Feb-2005

1000239405 2			443,000.00		440,784.89			03-Jun-2005		6.990%		CA - 89.49%		Paid Off - 360		01-Jan-2005

1000239414 2			115,000.00		114,380.73			03-Jun-2005		8.750%		GA - 73.72%		Paid Off - 360		01-Jan-2005

1000244569 1			141,907.59		141,436.03			09-Jun-2005		8.150%		CA - 51.64%		Paid Off - 360		01-Jan-2005

1000244596 1			267,750.00		266,832.30			24-Jun-2005		7.975%		MA - 85.00%		Paid Off - 360		01-Feb-2005

1000245504 2			195,500.00		194,615.75			10-Jun-2005		7.500%		VA - 85.00%		Paid Off - 360		01-Jan-2005

1000245988 1			110,000.00		109,677.24			06-Jun-2005		8.725%		CA - 56.41%		Paid Off - 360		01-Feb-2005

1000254423 1			244,000.00		242,932.23			15-Jun-2005		6.750%		MA - 100.00%		Paid Off - 360		01-Feb-2005

1000254511 1			61,000.00		60,891.35			15-Jun-2005		11.350%		MA - 100.00%		Paid Off - 360		01-Feb-2005

1000259062 1			256,000.00		254,592.46			23-Jun-2005		6.500%		CA - 83.93%		Paid Off - 360		01-Jan-2005

1000262762 1			314,320.00		314,320.00			28-Jun-2005		6.075%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000263912 1			177,750.00		177,095.26			01-Jun-2005		7.600%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000264804 1			50,000.00		49,838.34			22-Jun-2005		8.250%		NY - 80.65%		Paid Off - 360		01-Feb-2005

1000265732 1			186,000.00		185,148.63			29-Jun-2005		6.500%		IL - 82.67%		Paid Off - 360		01-Feb-2005

1000268695 1			125,800.00		125,475.64			02-Jun-2005		9.350%		FL - 85.00%		Paid Off - 360		01-Feb-2005

1000269079 1			274,500.00		273,813.84			09-Jun-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000269177 1			152,800.00		152,800.00			14-Jun-2005		5.225%		AZ - 100.00%		Paid Off - 360		01-Jan-2005

1000270432 2			155,550.00		154,879.34			24-Jun-2005		6.800%		KS - 84.08%		Paid Off - 360		01-Feb-2005

1000271823 2			289,000.00		287,824.86			27-Jun-2005		7.100%		NJ - 83.77%		Paid Off - 360		01-Feb-2005



Page 23 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000272617 1			84,386.00		84,000.39			16-Jun-2005		6.500%		AZ - 100.00%		Paid Off - 360		01-Feb-2005


1000273554 1			21,096.00		20,963.55			16-Jun-2005		10.500%		AZ - 100.00%		Paid Off - 240		01-Feb-2005

1000277989 2			78,548.43		78,419.39			29-Jun-2005		10.450%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000278808 1			300,000.00		298,692.26			13-Jun-2005		5.850%		HI - 68.18%		Paid Off - 360		01-Mar-2005

1000280458 2			424,000.00		422,241.83			16-Jun-2005		7.000%		NJ - 100.00%		Paid Off - 360		01-Feb-2005

1000282508 1			132,300.00		131,831.75			30-Jun-2005		7.800%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000282900 1			141,520.00		140,693.57			10-Jun-2005		5.200%		CA - 99.38%		Paid Off - 360		01-Feb-2005

1000283035 1			240,000.00		238,575.67			16-Jun-2005		6.100%		CA - 60.00%		Paid Off - 360		01-Jan-2005

1000285480 1			41,000.00		40,688.42			20-Jun-2005		9.000%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1000288423 2			85,000.00		84,615.32			09-Jun-2005		6.550%		WI - 85.00%		Paid Off - 360		01-Feb-2005

1000291026 1			247,500.00		246,747.34			03-Jun-2005		8.550%		IL - 90.00%		Paid Off - 360		01-Feb-2005

1000294648 1			207,000.00		206,296.17			09-Jun-2005		8.000%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000298573 1			217,500.00		216,525.13			06-Jun-2005		6.600%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000299894 1			255,500.00		254,062.32			10-Jun-2005		5.400%		CA - 74.06%		Paid Off - 360		01-Feb-2005

1000302531 2			513,000.00		510,286.19			27-Jun-2005		6.700%		WA - 95.00%		Paid Off - 360		01-Jan-2005

1000302951 2			177,000.00		176,341.49			07-Jun-2005		7.550%		NH - 59.40%		Paid Off - 360		01-Feb-2005

1000304094 1			140,000.00		139,509.43			08-Jun-2005		7.850%		WI - 89.17%		Paid Off - 360		01-Feb-2005

1000304209 2			187,000.00		186,381.47			10-Jun-2005		7.000%		MA - 68.00%		Paid Off - 360		01-Mar-2005

1000304414 1			252,000.00		250,837.36			27-Jun-2005		6.450%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

1000307251 1			155,000.00		154,405.93			21-Jun-2005		7.400%		IL - 93.37%		Paid Off - 360		01-Feb-2005

1000309776 1			189,200.00		188,474.83			21-Jun-2005		7.400%		FL - 89.98%		Paid Off - 360		01-Feb-2005

1000310292 2			275,500.00		274,412.33			03-Jun-2005		7.250%		CA - 95.00%		Paid Off - 360		01-Feb-2005

1000312227 1			222,400.00		221,333.81			03-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000312557 1			160,300.00		159,763.56			15-Jun-2005		8.990%		CA - 70.00%		Paid Off - 360		01-Jan-2005

1000314029 1			198,000.00		197,285.02			02-Jun-2005		7.700%		IL - 90.00%		Paid Off - 360		01-Feb-2005

1000314877 2			387,000.00		385,363.59			27-Jun-2005		6.900%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000315171 2			472,500.00		470,382.24			20-Jun-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000315242 2			240,000.00		238,990.11			27-Jun-2005		6.925%		FL - 69.57%		Paid Off - 360		01-Feb-2005

1000316107 2			220,000.00		219,105.41			13-Jun-2005		7.100%		MA - 73.33%		Paid Off - 360		01-Feb-2005

1000316170 1			113,050.00		112,664.88			22-Jun-2005		7.990%		IL - 85.00%		Paid Off - 360		01-Feb-2005

1000317482 1			243,000.00		243,000.00			28-Jun-2005		6.250%		WA - 90.00%		Paid Off - 360		01-Feb-2005

1000318365 2			412,250.00		412,153.78			23-Jun-2005		5.550%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000318481 2			125,000.00		124,635.11			21-Jun-2005		8.750%		MA - 40.98%		Paid Off - 360		01-Feb-2005

1000318560 2			211,000.00		210,150.43			27-Jun-2005		7.150%		CA - 69.18%		Paid Off - 360		01-Feb-2005

1000323689 2			99,920.43		99,597.35			03-Jun-2005		7.150%		KS - 76.92%		Paid Off - 360		01-Feb-2005

1000328602 1			271,000.00		269,976.48			13-Jun-2005		8.000%		WA - 88.27%		Paid Off - 360		01-Feb-2005

1000331046 1			250,000.00		249,130.32			15-Jun-2005		6.900%		MA - 100.00%		Paid Off - 360		01-Mar-2005

1000331224 2			73,125.00		72,980.26			30-Jun-2005		10.600%		WI - 75.00%		Paid Off - 360		01-Feb-2005



Page 24 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000332624 2			528,000.00		525,088.62			23-Jun-2005		5.550%		CA - 80.00%		Paid Off - 360		01-Feb-2005


1000334695 2			50,400.00		50,257.26			22-Jun-2005		8.900%		MI - 40.32%		Paid Off - 360		01-Feb-2005

1000335550 2			50,000.00		49,699.62			29-Jun-2005		7.200%		RI - 18.18%		Paid Off - 360		01-Feb-2005

1000338165 2			58,650.00		58,492.35			07-Jun-2005		9.150%		PA - 85.00%		Paid Off - 360		01-Feb-2005

1000338557 1			210,750.00		210,032.49			09-Jun-2005		8.600%		RI - 75.00%		Paid Off - 360		01-Feb-2005

1000339084 1			247,000.00		246,168.61			14-Jun-2005		8.050%		MD - 89.82%		Paid Off - 360		01-Feb-2005

1000356162 1			31,300.00		31,089.09			30-Jun-2005		9.950%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1000357198 1			202,912.00		202,911.95			29-Jun-2005		7.400%		MI - 100.00%		Paid Off - 360		01-Feb-2005

1000358419 1			50,728.00		50,623.15			30-Jun-2005		10.400%		MI - 100.00%		Paid Off - 360		01-Feb-2005

1000358650 2			372,000.00		370,419.35			30-Jun-2005		6.875%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

1000359686 2			413,000.00		411,417.11			03-Jun-2005		7.400%		NM - 74.95%		Paid Off - 360		01-Feb-2005

1000360102 1			131,200.00		130,837.09			24-Jun-2005		7.900%		FL - 100.00%		Paid Off - 360		01-Mar-2005

1000362413 1			238,000.00		236,825.93			09-Jun-2005		6.100%		IL - 85.00%		Paid Off - 360		01-Feb-2005

1000362681 2			392,000.00		390,568.75			07-Jun-2005		8.400%		WI - 79.19%		Paid Off - 360		01-Feb-2005

1000363582 1			320,000.00		318,909.81			10-Jun-2005		7.990%		NY - 84.21%		Paid Off - 360		01-Feb-2005

1000364028 1			220,000.00		219,006.64			17-Jun-2005		6.250%		NY - 69.84%		Paid Off - 360		01-Mar-2005

1000366561 1			208,000.00		206,846.54			09-Jun-2005		5.650%		MA - 80.00%		Paid Off - 360		01-Feb-2005

1000367837 2			102,000.00		101,612.93			02-Jun-2005		7.450%		FL - 75.00%		Paid Off - 360		01-Feb-2005

1000370459 1			286,000.00		284,895.47			01-Jun-2005		6.200%		IL - 89.94%		Paid Off - 360		01-Mar-2005

1000374302 1			41,000.00		40,745.71			16-Jun-2005		10.900%		MD - 100.00%		Paid Off - 240		01-Feb-2005

1000379655 1			202,500.00		202,500.00			23-Jun-2005		8.400%		TN - 90.00%		Paid Off - 360		01-Feb-2005

1000379977 1			320,000.00		318,922.89			14-Jun-2005		8.050%		CA - 74.42%		Paid Off - 360		01-Feb-2005

1000382188 1			244,000.00		244,000.00			24-Jun-2005		6.990%		CA - 84.14%		Paid Off - 360		01-Feb-2005

1000386237 1			217,348.80		216,702.95			16-Jun-2005		7.825%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000388618 2			85,875.00		85,713.93			29-Jun-2005		10.850%		CA - 95.00%		Paid Off - 360		01-Feb-2005

1000389190 2			455,000.00		452,980.33			16-Jun-2005		6.650%		NJ - 59.87%		Paid Off - 360		01-Feb-2005

1000391114 1			168,000.00		167,562.63			30-Jun-2005		8.200%		NJ - 67.20%		Paid Off - 360		01-Mar-2005

1000391454 1			352,000.00		350,263.55			27-Jun-2005		6.100%		MA - 100.00%		Paid Off - 360		01-Feb-2005

1000393755 1			280,700.00		279,315.30			30-Jun-2005		6.100%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1000393826 1			94,400.00		93,968.62			03-Jun-2005		6.500%		NM - 100.00%		Paid Off - 360		01-Feb-2005

1000394610 1			292,400.00		291,127.01			10-Jun-2005		6.750%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000394718 1			278,000.00		276,729.72			07-Jun-2005		6.500%		CA - 87.70%		Paid Off - 360		01-Feb-2005

1000395129 2			188,500.00		187,876.50			09-Jun-2005		7.000%		MA - 78.54%		Paid Off - 360		01-Mar-2005

1000398705 1			120,000.00		119,133.30			30-Jun-2005		7.350%		NJ - 80.00%		Paid Off - 360		01-Mar-2005

1000404976 1			285,000.00		284,242.82			30-Jun-2005		8.100%		FL - 95.00%		Paid Off - 360		01-Mar-2005

1000408026 2			513,000.00		511,806.40			13-Jun-2005		8.750%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000409114 1			179,200.00		178,578.33			27-Jun-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Feb-2005

1000411003 1			134,000.00		133,392.32			30-Jun-2005		6.550%		CA - 76.57%		Paid Off - 360		01-Feb-2005



Page 25 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000416071 1			265,000.00		263,665.14			24-Jun-2005		5.990%		NY - 66.25%		Paid Off - 360		01-Feb-2005


1000419185 1			226,800.00		225,621.39			17-Jun-2005		5.825%		IL - 100.00%		Paid Off - 360		01-Feb-2005

1000419416 2			162,843.84		162,211.11			22-Jun-2005		6.200%		NV - 77.62%		Paid Off - 360		01-Feb-2005

1000423964 1			211,500.00		210,815.24			14-Jun-2005		8.250%		MD - 90.00%		Paid Off - 360		01-Feb-2005

1000424115 2			73,000.00		72,447.93			07-Jun-2005		6.250%		IA - 100.00%		Paid Off - 360		01-Feb-2005

1000424641 1			356,000.00		356,000.00			24-Jun-2005		6.700%		CA - 100.00%		Paid Off - 360		01-Mar-2005

1000424801 1			368,000.00		367,210.14			09-Jun-2005		6.800%		HI - 100.00%		Paid Off - 360		01-Feb-2005

1000425392 1			125,000.00		124,512.00			15-Jun-2005		7.800%		MN - 77.16%		Paid Off - 360		01-Feb-2005

1000425757 1			91,966.84		91,831.14			09-Jun-2005		10.950%		HI - 100.00%		Paid Off - 360		01-Feb-2005

1000428175 1			300,000.00		298,505.96			14-Jun-2005		6.050%		MA - 88.24%		Paid Off - 360		01-Feb-2005

1000429833 1			140,250.00		139,495.52			27-Jun-2005		5.950%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000430199 2			399,500.00		398,099.32			14-Jun-2005		7.850%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000430251 2			89,000.00		88,856.65			27-Jun-2005		10.500%		CA - 100.00%		Paid Off - 360		01-Mar-2005

1000433659 1			402,500.00		401,514.23			27-Jun-2005		8.500%		CA - 70.00%		Paid Off - 360		01-Mar-2005

1000434587 1			216,000.00		215,188.41			08-Jun-2005		7.500%		CA - 78.55%		Paid Off - 360		01-Feb-2005

1000436077 1			330,000.00		328,725.56			13-Jun-2005		6.200%		CA - 75.00%		Paid Off - 360		01-Mar-2005

1000447065 2			515,000.00		513,279.81			29-Jun-2005		6.950%		NY - 66.03%		Paid Off - 360		01-Mar-2005

1000458739 1			98,886.40		98,370.09			09-Jun-2005		5.800%		NY - 100.00%		Paid Off - 360		01-Feb-2005

1000462868 2			400,000.00		399,023.02			30-Jun-2005		8.900%		MD - 75.47%		Paid Off - 360		01-Mar-2005

1000465605 1			225,000.00		225,000.00			06-Jun-2005		5.400%		CA - 78.95%		Paid Off - 360		01-Feb-2005

1000467426 1			189,000.00		188,459.90			27-Jun-2005		7.738%		NM - 90.00%		Paid Off - 360		01-Mar-2005

1000476005 1			50,000.00		49,902.52			22-Jun-2005		9.600%		FL - 29.94%		Paid Off - 360		01-Mar-2005

1000477442 1			233,200.00		232,181.53			24-Jun-2005		5.550%		NY - 100.00%		Paid Off - 360		01-Mar-2005

1000485040 2			75,750.00		75,390.28			30-Jun-2005		6.300%		IL - 58.27%		Paid Off - 360		01-Feb-2005

1000486254 1			234,000.00		232,867.46			30-Jun-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000490542 1			275,000.00		273,525.02			06-Jun-2005		5.700%		CA - 56.12%		Paid Off - 360		01-Feb-2005

1000497947 2			122,455.00		122,182.47			21-Jun-2005		10.050%		AZ - 95.00%		Paid Off - 360		01-Feb-2005

1000498955 1			110,500.00		110,175.38			30-Jun-2005		7.600%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000501433 1			109,600.00		107,744.00			06-Jun-2005		6.300%		MN - 100.00%		Paid Off - 180		01-Feb-2005

1000513974 1			182,400.00		182,400.00			02-Jun-2005		7.450%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000514161 1			108,000.00		107,635.71			28-Jun-2005		6.900%		CA - 48.00%		Paid Off - 360		01-Mar-2005

1000516622 1			345,000.00		343,797.58			30-Jun-2005		6.750%		MA - 65.09%		Paid Off - 360		01-Mar-2005

1000516739 1			236,600.00		236,128.89			22-Jun-2005		9.500%		CA - 65.00%		Paid Off - 360		01-Mar-2005

1000519175 1			238,000.00		237,335.02			30-Jun-2005		7.850%		FL - 85.00%		Paid Off - 360		01-Mar-2005

1000531311 1			393,900.00		392,821.34			16-Jun-2005		7.950%		CA - 60.60%		Paid Off - 360		01-Mar-2005

1000531400 1			157,500.00		156,908.18			28-Jun-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000532560 2			540,000.00		538,265.77			07-Jun-2005		7.150%		CA - 69.23%		Paid Off - 360		01-Mar-2005

1000533364 1			131,200.00		130,634.31			14-Jun-2005		6.800%		MA - 48.24%		Paid Off - 360		01-Feb-2005



Page 26 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000534185 1			240,000.00		239,322.67			07-Jun-2005		7.800%		NY - 80.00%		Paid Off - 360		01-Mar-2005


1000534611 1			205,000.00		204,373.39			14-Jun-2005		7.400%		NJ - 69.26%		Paid Off - 360		01-Mar-2005

1000537627 1			157,250.00		156,778.77			30-Jun-2005		7.500%		RI - 100.00%		Paid Off - 360		01-Mar-2005

1000538467 1			178,000.00		177,209.87			09-Jun-2005		6.650%		CA - 76.39%		Paid Off - 360		01-Feb-2005

1000539769 1			116,260.00		116,259.96			21-Jun-2005		7.100%		AZ - 100.00%		Paid Off - 360		01-Mar-2005

1000540169 1			29,065.00		28,928.82			21-Jun-2005		11.000%		AZ - 100.00%		Paid Off - 240		01-Mar-2005

1000551003 1			84,500.00		84,206.50			03-Jun-2005		6.750%		NY - 65.00%		Paid Off - 360		01-Mar-2005

1000556428 1			255,000.00		254,192.27			09-Jun-2005		8.350%		MA - 85.00%		Paid Off - 360		01-Feb-2005

1000558088 1			261,000.00		260,392.75			20-Jun-2005		8.750%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000558872 1			79,200.00		78,791.63			21-Jun-2005		5.900%		KS - 90.00%		Paid Off - 360		01-Feb-2005

1000564491 1			120,150.00		119,711.82			29-Jun-2005		7.650%		AZ - 90.00%		Paid Off - 360		01-Feb-2005

1000567185 1			321,750.00		319,858.32			21-Jun-2005		5.250%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000568629 1			315,200.00		313,615.28			30-Jun-2005		6.000%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000568843 2			377,921.00		376,829.14			02-Jun-2005		8.800%		NV - 90.00%		Paid Off - 360		01-Feb-2005

1000570251 2			562,500.00		562,499.95			29-Jun-2005		8.150%		IL - 90.00%		Paid Off - 360		01-Feb-2005

1000571900 1			279,600.00		278,778.68			30-Jun-2005		7.600%		MA - 100.00%		Paid Off - 360		01-Mar-2005

1000571955 1			69,900.00		69,803.22			29-Jun-2005		11.200%		MA - 100.00%		Paid Off - 360		01-Mar-2005

1000576772 2			380,000.00		378,916.75			29-Jun-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Mar-2005

1000580295 1			291,722.94		290,598.06			07-Jun-2005		6.250%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000581445 1			260,000.00		259,138.31			27-Jun-2005		6.990%		NJ - 75.36%		Paid Off - 360		01-Mar-2005

1000584317 1			126,000.00		125,611.01			21-Jun-2005		7.350%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

1000585030 1			224,000.00		222,926.16			30-Jun-2005		6.250%		CA - 72.26%		Paid Off - 360		01-Feb-2005

1000586921 2			67,200.00		67,045.63			07-Jun-2005		9.900%		MI - 80.00%		Paid Off - 360		01-Feb-2005

1000587840 1			310,000.00		308,756.28			16-Jun-2005		6.000%		IL - 88.57%		Paid Off - 360		01-Mar-2005

1000590266 1			82,875.00		82,678.17			14-Jun-2005		8.650%		NJ - 85.00%		Paid Off - 360		01-Mar-2005

1000595822 1			296,732.00		295,167.66			06-Jun-2005		5.750%		CA - 100.00%		Paid Off - 360		01-Feb-2005

1000596135 2			155,400.00		155,103.31			02-Jun-2005		9.700%		IL - 70.00%		Paid Off - 360		01-Mar-2005

1000596206 1			169,918.99		169,588.40			16-Jun-2005		9.650%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000598623 1			185,000.00		184,405.05			30-Jun-2005		7.750%		CT - 68.52%		Paid Off - 360		01-Mar-2005

1000599711 1			183,000.00		182,671.39			30-Jun-2005		9.990%		VA - 60.00%		Paid Off - 360		01-Mar-2005

1000601897 1			206,100.00		205,323.17			15-Jun-2005		6.800%		NJ - 90.00%		Paid Off - 360		01-Mar-2005

1000604377 2			706,400.00		704,040.49			27-Jun-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000605081 2			368,788.00		367,981.52			30-Jun-2005		9.050%		NV - 90.00%		Paid Off - 360		01-Mar-2005

1000605811 1			134,000.00		133,452.06			09-Jun-2005		5.900%		AZ - 83.75%		Paid Off - 360		01-Mar-2005

1000606464 1			210,000.00		209,291.64			30-Jun-2005		6.900%		PA - 100.00%		Paid Off - 360		01-Mar-2005

1000608168 1			291,200.00		290,042.74			29-Jun-2005		6.050%		CA - 71.55%		Paid Off - 360		01-Mar-2005

1000608952 1			187,000.00		186,283.24			20-Jun-2005		7.400%		CA - 49.21%		Paid Off - 360		01-Feb-2005

1000609728 1			144,000.00		143,628.28			08-Jun-2005		8.550%		CA - 57.60%		Paid Off - 360		01-Mar-2005



Page 27 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000612457 1			230,000.00		229,265.00			28-Jun-2005		7.800%		MA - 69.70%		Paid Off - 360		01-Mar-2005


1000614106 1			232,800.00		231,786.46			07-Jun-2005		6.750%		MA - 100.00%		Paid Off - 360		01-Feb-2005

1000614482 1			266,000.00		264,833.36			23-Jun-2005		7.925%		OH - 95.00%		Paid Off - 360		01-Feb-2005

1000626781 1			163,976.00		163,508.53			30-Jun-2005		7.750%		NJ - 100.00%		Paid Off - 360		01-Mar-2005

1000626870 1			152,000.00		151,623.90			09-Jun-2005		8.450%		MN - 80.00%		Paid Off - 360		01-Mar-2005

1000626889 1			391,000.00		389,615.35			29-Jun-2005		6.650%		NY - 84.09%		Paid Off - 360		01-Mar-2005

1000626905 1			40,994.00		40,652.21			30-Jun-2005		10.850%		NJ - 100.00%		Paid Off - 240		01-Mar-2005

1000627780 1			176,775.00		176,085.76			06-Jun-2005		6.150%		MN - 81.09%		Paid Off - 360		01-Mar-2005

1000628119 2			410,000.00		409,225.47			16-Jun-2005		9.750%		CA - 82.83%		Paid Off - 360		01-Mar-2005

1000630552 2			372,000.00		370,707.99			30-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000630730 2			436,800.00		435,312.20			08-Jun-2005		6.850%		CA - 79.42%		Paid Off - 360		01-Mar-2005

1000631506 1			124,800.00		124,349.41			21-Jun-2005		6.550%		CA - 100.00%		Paid Off - 360		01-Mar-2005

1000631766 1			180,000.00		179,507.09			22-Jun-2005		7.950%		MD - 90.00%		Paid Off - 360		01-Mar-2005

1000632159 2			387,200.00		387,200.00			03-Jun-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000633808 1			168,700.00		168,096.91			30-Jun-2005		7.750%		MD - 66.16%		Paid Off - 360		01-Feb-2005

1000634479 2			183,000.00		182,399.93			29-Jun-2005		7.100%		DC - 52.29%		Paid Off - 360		01-Mar-2005

1000637715 1			175,000.00		174,500.35			27-Jun-2005		7.750%		CT - 70.00%		Paid Off - 360		01-Mar-2005

1000638000 1			208,000.00		207,270.53			03-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000638064 1			140,000.00		139,657.13			30-Jun-2005		8.500%		MA - 29.17%		Paid Off - 360		01-Mar-2005

1000638796 2			390,000.00		388,645.46			20-Jun-2005		6.750%		CA - 78.00%		Paid Off - 360		01-Mar-2005

1000639107 1			206,000.00		205,400.89			29-Jun-2005		7.650%		CA - 94.93%		Paid Off - 360		01-Mar-2005

1000639161 1			240,000.00		239,315.86			23-Jun-2005		7.750%		CA - 75.00%		Paid Off - 360		01-Mar-2005

1000639964 2			60,000.00		59,548.44			17-Jun-2005		7.250%		VA - 82.19%		Paid Off - 240		01-Mar-2005

1000642415 1			331,000.00		331,000.00			06-Jun-2005		6.250%		CA - 76.98%		Paid Off - 360		01-Mar-2005

1000642530 2			575,500.00		575,499.96			08-Jun-2005		7.700%		CA - 94.97%		Paid Off - 360		01-Mar-2005

1000642718 1			140,000.00		139,459.31			16-Jun-2005		6.200%		IL - 100.00%		Paid Off - 360		01-Mar-2005

1000645332 1			329,500.00		328,642.18			27-Jun-2005		8.200%		NJ - 89.05%		Paid Off - 360		01-Mar-2005

1000653037 1			137,600.00		137,582.58			08-Jun-2005		7.300%		AZ - 95.00%		Paid Off - 360		01-Mar-2005

1000654508 1			327,250.00		327,250.00			29-Jun-2005		6.350%		IL - 100.00%		Paid Off - 360		01-Mar-2005

1000654937 2			57,750.00		57,687.91			29-Jun-2005		12.350%		IL - 100.00%		Paid Off - 360		01-Mar-2005

1000655776 1			116,000.00		115,684.90			08-Jun-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000656962 1			329,000.00		328,999.96			06-Jun-2005		6.550%		CA - 94.00%		Paid Off - 360		01-Mar-2005

1000657024 1			227,800.00		227,046.53			08-Jun-2005		7.000%		IN - 85.00%		Paid Off - 360		01-Mar-2005

1000657113 2			499,900.00		498,341.41			27-Jun-2005		7.300%		CA - 88.48%		Paid Off - 360		01-Mar-2005

1000658103 2			360,000.00		359,837.96			08-Jun-2005		7.600%		CA - 65.45%		Paid Off - 360		01-Mar-2005

1000658773 1			234,000.00		233,514.19			01-Jun-2005		9.300%		CT - 90.00%		Paid Off - 360		01-Mar-2005

1000664356 2			369,000.00		367,377.84			30-Jun-2005		6.700%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000666158 1			31,200.00		31,053.65			21-Jun-2005		10.990%		CA - 100.00%		Paid Off - 240		01-Mar-2005



Page 28 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000666247 2			50,000.00		49,834.60			14-Jun-2005		7.000%		IL - 57.47%		Paid Off - 360		01-Mar-2005


1000667594 1			216,000.00		215,500.00			07-Jun-2005		8.775%		NJ - 80.00%		Paid Off - 360		01-Mar-2005

1000668174 1			196,800.00		196,263.77			30-Jun-2005		7.975%		MA - 60.00%		Paid Off - 360		01-Mar-2005

1000668307 1			184,500.00		184,019.67			16-Jun-2005		8.200%		KS - 90.00%		Paid Off - 360		01-Mar-2005

1000670152 1			224,000.00		223,293.99			29-Jun-2005		7.550%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000676691 2			73,500.00		73,413.64			10-Jun-2005		11.950%		MI - 70.00%		Paid Off - 360		01-Mar-2005

1000676968 1			193,600.00		193,072.89			22-Jun-2005		8.000%		NJ - 100.00%		Paid Off - 360		01-Mar-2005

1000677164 1			48,400.00		48,188.92			22-Jun-2005		11.600%		NJ - 100.00%		Paid Off - 240		01-Mar-2005

1000678421 1			76,000.00		75,778.98			09-Jun-2005		7.650%		MO - 80.00%		Paid Off - 360		01-Mar-2005

1000678984 1			252,000.00		252,000.00			02-Jun-2005		6.950%		MA - 84.00%		Paid Off - 360		01-Mar-2005

1000681239 2			542,700.00		541,089.87			13-Jun-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000683594 2			419,500.00		419,398.27			24-Jun-2005		5.625%		CA - 66.59%		Paid Off - 360		01-Mar-2005

1000686458 1			157,500.00		157,183.09			30-Jun-2005		9.450%		FL - 83.10%		Paid Off - 360		01-Mar-2005

1000688036 2			119,700.00		119,304.07			22-Jun-2005		7.000%		MO - 90.00%		Paid Off - 360		01-Mar-2005

1000700655 1			201,500.00		200,794.98			#######		9.875%		CA - 65.00%		Paid Off - 360		01-Mar-2005

1000702804 1			237,000.00		236,002.99			15-Jun-2005		5.800%		MA - 88.60%		Paid Off - 360		01-Mar-2005

1000705883 1			349,200.00		348,289.29			16-Jun-2005		8.200%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000707444 2			318,500.00		318,029.36			27-Jun-2005		10.900%		NY - 65.00%		Paid Off - 360		01-Mar-2005

1000708425 1			126,000.00		126,000.00			06-Jun-2005		6.900%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

1000710662 1			90,577.00		90,376.41			07-Jun-2005		8.990%		IL - 80.00%		Paid Off - 360		01-Mar-2005

1000712740 1			207,000.00		206,461.07			09-Jun-2005		8.200%		IL - 90.00%		Paid Off - 360		01-Mar-2005

1000712973 2			520,000.00		519,999.96			29-Jun-2005		6.400%		MA - 74.29%		Paid Off - 360		01-Mar-2005

1000713419 2			408,000.00		406,293.75			30-Jun-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000715426 1			248,800.00		248,209.10			24-Jun-2005		8.650%		VA - 80.00%		Paid Off - 360		01-Mar-2005

1000716381 1			82,500.00		82,295.84			17-Jun-2005		8.450%		MI - 75.00%		Paid Off - 360		01-Mar-2005

1000717308 2			175,000.00		174,426.80			30-Jun-2005		7.050%		CA - 56.45%		Paid Off - 360		01-Mar-2005

1000718584 1			32,000.00		31,787.63			30-Jun-2005		10.450%		FL - 100.00%		Paid Off - 240		01-Mar-2005

1000722855 1			326,700.00		325,777.98			06-Jun-2005		7.800%		CA - 100.00%		Paid Off - 360		01-Mar-2005

1000724238 1			250,000.00		249,766.63			07-Jun-2005		6.750%		CA - 66.67%		Paid Off - 360		01-Mar-2005

1000727583 2			409,500.00		409,500.00			28-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000734030 1			250,750.00		249,918.97			30-Jun-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000736537 1			154,700.00		154,357.46			23-Jun-2005		8.990%		WA - 85.00%		Paid Off - 360		01-Mar-2005

1000736582 1			272,000.00		271,151.93			01-Jun-2005		7.300%		IL - 100.00%		Paid Off - 360		01-Mar-2005

1000736662 1			68,000.00		67,913.69			01-Jun-2005		11.600%		IL - 100.00%		Paid Off - 360		01-Mar-2005

1000742799 1			250,000.00		249,152.60			02-Jun-2005		6.875%		CA - 49.90%		Paid Off - 360		01-Mar-2005

1000744074 1			69,700.00		69,552.14			16-Jun-2005		9.250%		OH - 85.00%		Paid Off - 360		01-Mar-2005

1000747017 1			242,250.00		241,767.68			16-Jun-2005		9.500%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000749319 1			70,000.00		69,814.01			16-Jun-2005		8.100%		OH - 51.85%		Paid Off - 360		01-Mar-2005



Page 29 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000757210 1			265,000.00		265,000.00			29-Jun-2005		6.250%		NV - 89.53%		Paid Off - 360		01-Mar-2005


1000759986 2			516,800.00		515,022.50			01-Jun-2005		6.800%		CA - 100.00%		Paid Off - 360		01-Mar-2005

1000761651 1			35,000.00		34,846.44			16-Jun-2005		11.500%		IL - 100.00%		Paid Off - 240		01-Mar-2005

1000768253 1			270,000.00		269,062.24			30-Jun-2005		6.750%		ME - 58.70%		Paid Off - 360		01-Mar-2005

1000776100 1			350,000.00		350,000.00			22-Jun-2005		6.850%		CA - 84.34%		Paid Off - 360		01-Mar-2005

1000796730 2			396,189.00		395,228.54			01-Jun-2005		8.550%		FL - 90.00%		Paid Off - 360		01-Mar-2005



TOTAL			88,515,253.07		88,198,521.44



Page 30 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										1		3		4
Collateral Principal Realized Loss/(Gain) Amount										78,015.91		110,475.46		188,491.37
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										(611.05)		20,358.84		19,747.79

Cumulative




Number of Loans Liquidated										1		3		4
Collateral Realized Loss/(Gain) Amount										78,015.91		110,475.46		188,491.37
Net Liquidation Proceeds										(611.05)		20,358.84		19,747.79










Page 31 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.01%		0.01%		0.01%
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										0.09%		0.09%		0.09%
3 Months Avg CDR										0.03%		0.03%		0.03%
12 Months Avg CDR										0.02%		0.02%		0.02%
Avg CDR Since Cut-off										0.02%		0.02%		0.02%


SDA										0.73%		0.79%		0.77%
3 Months Avg SDA Approximation										0.29%		0.32%		0.31%
12 Months Avg SDA Approximation										0.22%		0.24%		0.23%
Avg SDA Since Cut-off Approximation										0.22%		0.24%		0.23%


Loss Severity Approximation for Current Period										100.79%		84.44%		90.52%
3 Months Avg Loss Severity Approximation										33.60%		28.15%		30.17%
12 Months Avg Loss Severity Approximation										20.16%		16.89%		18.10%
Avg Loss Severity Approximation Since Cut-off										20.16%		16.89%		18.10%












Page 32 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 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 33 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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

2002441 1
			12.500%		IL - 100.00%		240		41,041.86				33,435.40		0.00

1000396351 1			10.150%		KY - 100.00%		240		37,253.71				38,665.67		0.00
1000711803 1			11.990%		FL - 100.00%		360		52,538.73				38,374.39		0.00
1000396609 2			9.470%		MN - 100.00%		360		77,404.86				78,015.91		0.00


TOTAL									208,239.16			188,491.37		0.00



Page 34 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
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?								0

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

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



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Cap Contract Amount Received - Group I Notes														0.00
Cap Contract Amount Received - Class A-2A														0.00
Cap Contract Amount Received - Group II Notes														0.00
Cap Contract Amount Received - Mezz. Notes														0.00




Page 35 of 36
New Century Home Equity Loan Trust 2005-1

Asset Backed Notes

2005-1

July 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1SS							3.72%			$0.00		$0.00

			A-1MZ							3.75%			$0.00		$0.00

			A-2A							3.57%			$0.00		$0.00

			A-2B							3.68%			$0.00		$0.00

			A-2C							3.81%			$0.00		$0.00

			A-2MZ							3.76%			$0.00		$0.00

			M-1							3.91%			$0.00		$0.00

			M-2							3.94%			$0.00		$0.00

			M-3							3.98%			$0.00		$0.00

			M-4							4.17%			$0.00		$0.00

			M-5							4.21%			$0.00		$0.00

			M-6							4.26%			$0.00		$0.00

			M-7							4.81%			$0.00		$0.00

			M-8							4.86%			$0.00		$0.00

			M-9							5.51%			$0.00		$0.00

			TRUST							0.00%			$0.00		$0.00







Page 36 of 36

New Century Home Equity Loan Trust 2005-1 8-K