

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


                           New Century Mortgage Securities LLC
           (as Depositor under the Indenture, dated as June 24, 2005,
             providing for the issuance of New Century Home Equity Loan
                        Trust Asset-Backed Notes Series 2005-3)
                    (Exact name of registrant as specified in charter)



                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-119243-03                             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 2005-3 which was made on
     June 24, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     August 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 26, 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
              August 25, 2005.



New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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					23
										11. Realized Loss Detail Report					26
				Servicer(s)						11. Realized Loss Detail Report					26
				Servicer(s)						12. Triggers and Adj. Cert. Report					27
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					27
				New Century Mortgage Corporation						13. Additional Certificate Report					28
										13. Additional Certificate Report					28


				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					28
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Eiko Akiyama
				Close Date:			June 24, 2005			Administrator
				First Distribution Date:			July 25, 2005			(714) 247-6328

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

							August 24, 2005
							August 24, 2005

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






Page 1 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC I
					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	FLT, STEP	$	699,232,000.00		694,275,183.38		2,206,059.40		9,237,424.73		11,443,484.13		0.00		0.00		685,037,758.65
A-1ss	FLT, STEP	$	699,232,000.00		694,275,183.38		2,206,059.40		9,237,424.73		11,443,484.13		0.00		0.00		685,037,758.65
A-1mz	FLT, STEP	$	174,808,000.00		173,568,795.84		558,987.95		2,309,356.18		2,868,344.13		0.00		0.00		171,259,439.66
A-2a	FLT, STEP	$	596,000,000.00		579,295,728.89		1,770,874.86		17,661,003.04		19,431,877.90		0.00		0.00		561,634,725.85
A-2b	FLT, STEP	$	334,000,000.00		334,000,000.00		1,046,904.44		0.00		1,046,904.44		0.00		0.00		334,000,000.00
A-2c	FLT, STEP	$	351,570,000.00		351,570,000.00		1,129,223.31		0.00		1,129,223.31		0.00		0.00		351,570,000.00
A-2d	FLT, STEP	$	126,000,000.00		126,000,000.00		416,640.00		0.00		416,640.00		0.00		0.00		126,000,000.00
M-1	MEZ, FLT, S	$	100,083,000.00		100,083,000.00		339,559.38		0.00		339,559.38		0.00		0.00		100,083,000.00
M-2	MEZ, FLT, S	$	91,381,000.00		91,381,000.00		310,822.32		0.00		310,822.32		0.00		0.00		91,381,000.00
M-3	MEZ, FLT, S	$	58,019,000.00		58,019,000.00		198,344.40		0.00		198,344.40		0.00		0.00		58,019,000.00
M-4	MEZ, FLT, S	$	52,218,000.00		52,218,000.00		184,358.55		0.00		184,358.55		0.00		0.00		52,218,000.00
M-5	MEZ, FLT, S	$	49,316,000.00		49,316,000.00		175,386.87		0.00		175,386.87		0.00		0.00		49,316,000.00
M-6	MEZ, FLT, S	$	43,515,000.00		43,515,000.00		155,880.40		0.00		155,880.40		0.00		0.00		43,515,000.00
M-7	MEZ, FLT, S	$	39,163,000.00		39,163,000.00		160,524.79		0.00		160,524.79		0.00		0.00		39,163,000.00
M-8	MEZ, FLT, S	$	33,361,000.00		33,361,000.00		139,615.79		0.00		139,615.79		0.00		0.00		33,361,000.00
M-9	MEZ, FLT, S	$	29,010,000.00		29,010,000.00		131,399.18		0.00		131,399.18		0.00		0.00		29,010,000.00
M-10	MEZ, FLT, S	$	24,658,000.00		24,658,000.00		153,091.93		0.00		153,091.93		0.00		0.00		24,658,000.00
TRUST	MEZ, FLT, S	$	0.00		0.00		6,985,361.13		0.00		6,985,361.13		0.00		0.00		0.00

Total			2,802,334,000.00		2,779,433,708.11		16,063,034.70		29,207,783.95		45,270,818.65		0.00		0.00		2,750,225,924.16
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	07/25/05		08/24/05		A-Act/360		64352VLC3		699,232,000.00		992.911056		3.154975		13.210815		16.365790	979.700241
A-1mz	07/25/05		08/24/05		A-Act/360		64352VLD1		174,808,000.00		992.911056		3.197725		13.210815		16.408540	979.700241
A-2a	07/25/05		08/24/05		A-Act/360		64352VLE9		596,000,000.00		971.972699		2.971267		29.632555		32.603822	942.340144
A-2b	07/25/05		08/24/05		A-Act/360		64352VLF6		334,000,000.00		1,000.000000		3.134444		0.000000		3.134444	1,000.000000
A-2c	07/25/05		08/24/05		A-Act/360		64352VLG4		351,570,000.00		1,000.000000		3.211944		0.000000		3.211944	1,000.000000
A-2d	07/25/05		08/24/05		A-Act/360		64352VLH2		126,000,000.00		1,000.000000		3.306667		0.000000		3.306667	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		64352VLJ8		100,083,000.00		1,000.000000		3.392778		0.000000		3.392778	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		64352VLK5		91,381,000.00		1,000.000000		3.401389		0.000000		3.401389	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		64352VLL3		58,019,000.00		1,000.000000		3.418611		0.000000		3.418611	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		64352VLM1		52,218,000.00		1,000.000000		3.530556		0.000000		3.530556	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		64352VLN9		49,316,000.00		1,000.000000		3.556389		0.000000		3.556389	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		64352VLP4		43,515,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		64352VLQ2		39,163,000.00		1,000.000000		4.098889		0.000000		4.098889	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		64352VLR0		33,361,000.00		1,000.000000		4.185000		0.000000		4.185000	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		64352VLS8		29,010,000.00		1,000.000000		4.529444		0.000000		4.529444	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		64352VLT6		24,658,000.00		1,000.000000		6.208611		0.000000		6.208611	1,000.000000
TRUST	07/01/05		07/30/05		A-30/360		NC0503101		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

Distribution to Date - REMIC I
																	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	699,232,000.00		4,331,530.45		13,369,321.74		824,919.61		14,194,241.35		18,525,771.80		0.00		0.00		685,037,758.65
A-1mz	174,808,000.00		1,097,882.17		3,342,330.44		206,229.90		3,548,560.34		4,646,442.51		0.00		0.00		171,259,439.66
A-2a	596,000,000.00		3,510,698.19		32,298,976.97		2,066,297.18		34,365,274.15		37,875,972.34		0.00		0.00		561,634,725.85
A-2b	334,000,000.00		2,047,791.11		0.00		0.00		0.00		2,047,791.11		0.00		0.00		334,000,000.00
A-2c	351,570,000.00		2,210,008.09		0.00		0.00		0.00		2,210,008.09		0.00		0.00		351,570,000.00
A-2d	126,000,000.00		815,920.00		0.00		0.00		0.00		815,920.00		0.00		0.00		126,000,000.00
M-1	100,083,000.00		665,329.55		0.00		0.00		0.00		665,329.55		0.00		0.00		100,083,000.00
M-2	91,381,000.00		609,054.37		0.00		0.00		0.00		609,054.37		0.00		0.00		91,381,000.00
M-3	58,019,000.00		388,695.07		0.00		0.00		0.00		388,695.07		0.00		0.00		58,019,000.00
M-4	52,218,000.00		361,522.62		0.00		0.00		0.00		361,522.62		0.00		0.00		52,218,000.00
M-5	49,316,000.00		343,979.10		0.00		0.00		0.00		343,979.10		0.00		0.00		49,316,000.00
M-6	43,515,000.00		305,765.40		0.00		0.00		0.00		305,765.40		0.00		0.00		43,515,000.00
M-7	39,163,000.00		315,653.78		0.00		0.00		0.00		315,653.78		0.00		0.00		39,163,000.00
M-8	33,361,000.00		274,635.17		0.00		0.00		0.00		274,635.17		0.00		0.00		33,361,000.00
M-9	29,010,000.00		258,801.43		0.00		0.00		0.00		258,801.43		0.00		0.00		29,010,000.00
M-10	24,658,000.00		302,786.54		0.00		0.00		0.00		302,786.54		0.00		0.00		24,658,000.00
TRUST	0.00		13,810,463.74		0.00		0.00		0.00		13,810,463.74		0.00		0.00		0.00

Total	2,802,334,000.00		31,650,516.78		49,010,629.15		3,097,446.69		52,108,075.84		83,758,592.62		0.00		0.00		2,750,225,924.16


Interest Detail - REMIC I
	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	3.69000%		694,275,183.38		2,206,059.40		0.00		0.00		0.00		2,206,059.40		2,206,059.40		0.00
A-1mz	3.74000%		173,568,795.84		558,987.95		0.00		0.00		0.00		558,987.95		558,987.95		0.00
A-2a	3.55000%		579,295,728.89		1,770,874.86		0.00		0.00		0.00		1,770,874.86		1,770,874.86		0.00
A-2b	3.64000%		334,000,000.00		1,046,904.44		0.00		0.00		0.00		1,046,904.44		1,046,904.44		0.00
A-2c	3.73000%		351,570,000.00		1,129,223.31		0.00		0.00		0.00		1,129,223.31		1,129,223.31		0.00
A-2d	3.84000%		126,000,000.00		416,640.00		0.00		0.00		0.00		416,640.00		416,640.00		0.00
M-1	3.94000%		100,083,000.00		339,559.38		0.00		0.00		0.00		339,559.38		339,559.38		0.00
M-2	3.95000%		91,381,000.00		310,822.32		0.00		0.00		0.00		310,822.32		310,822.32		0.00
M-3	3.97000%		58,019,000.00		198,344.40		0.00		0.00		0.00		198,344.40		198,344.40		0.00
M-4	4.10000%		52,218,000.00		184,358.55		0.00		0.00		0.00		184,358.55		184,358.55		0.00
M-5	4.13000%		49,316,000.00		175,386.87		0.00		0.00		0.00		175,386.87		175,386.87		0.00
M-6	4.16000%		43,515,000.00		155,880.40		0.00		0.00		0.00		155,880.40		155,880.40		0.00
M-7	4.76000%		39,163,000.00		160,524.79		0.00		0.00		0.00		160,524.79		160,524.79		0.00
M-8	4.86000%		33,361,000.00		139,615.79		0.00		0.00		0.00		139,615.79		139,615.79		0.00
M-9	5.26000%		29,010,000.00		131,399.18		0.00		0.00		0.00		131,399.18		131,399.18		0.00
M-10	7.21000%		24,658,000.00		153,091.93		0.00		0.00		0.00		153,091.93		153,091.93		0.00
TRUST	0.00000%		0.00		0.00		-9,077,673.56		0.00		0.00		11,014,950.40		6,985,361.13		4,029,589.27

Total			2,779,433,708.11		9,077,673.57		-9,077,673.56		0.00		0.00		20,092,623.97		16,063,034.70		4,029,589.27



Page 3 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										17,661,003.04		11,546,780.91		29,207,783.95
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										17,661,003.04		11,546,780.91		29,207,783.95
Interest Collections										9,987,378.71		6,143,098.62		16,130,477.32
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		176,010.25		176,010.25
Interest Fees										-151,479.96		-91,972.91		-243,452.87
TOTAL NET INTEREST										9,835,898.74		6,227,135.96		16,063,034.70
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										27,496,901.78		17,773,916.87		45,270,818.65



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											875,462.49		672,127.25		1,547,589.74
Curtailments											68,479.52		68,513.56		136,993.08
Prepayments In Full											16,717,061.03		10,806,140.10		27,523,201.13
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-690,390.14		-535,819.88		-1,226,210.02
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											690,390.14		535,819.88		1,226,210.02
TOTAL PRINCIPAL COLLECTED											17,661,003.04		11,546,780.91		29,207,783.95


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 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										10,576,023.43		6,512,347.15		17,088,370.58
Repurchased/Substitution Interest										0.00		0.00		0.00
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										-45,347.82		-24,745.50		-70,093.32
Delinquent Interest										-8,460,513.40		-5,223,310.40		-13,683,823.80
Compensating Interest										45,347.82		24,745.49		#######
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										7,871,868.68		4,854,061.86		12,725,930.54
TOTAL INTEREST COLLECTED										9,987,378.71		6,143,098.62		16,130,477.32


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		176,010.25		176,010.25
Cap Contract Payment Amount														0.00
TOTAL INTEREST OTHER ACCOUNTS										0.00		176,010.25		176,010.25



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										150,150.13		91,144.20		241,294.33
Trustee Fees										1,329.83		828.71		2,158.54
Owner Trustee Fee
TOTAL INTEREST FEES										151,479.96		91,972.91		243,452.87




Page 5 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Beginning Overcollateralization Amount														98,616,494.07
Overcollateralization Target Amount														98,616,494.07
Excess Overcollateralization Amount														0.00
Beginning Overcollateralization Deficiency Amount														0.00
Ending Overcollateralization Deficiency Amount														0.00
Ending Overcollateralized Amount														98,616,494.07


Credit Enhancement Percentage														21.740076%
Credit Enhancement Percentage - Prior														21.519447%


Page 6 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										8,042		6,807		14,849
Prior										7,972		6,771		14,743
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-62		-53		-115
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										7,910		6,718		14,628
Principal Balance:


Original										1,789,472,468.48		1,111,012,651.34		2,900,485,119.81
Prior										1,773,107,657.57		1,104,942,544.61		2,878,050,202.18
Prefunding										0.00		0.00		0.00
Scheduled Principal										-875,462.49		-672,127.25		-1,547,589.74
Partial Prepayments										-68,479.52		-68,513.56		-136,993.08
Full Voluntary Prepayments										-16,717,061.03		-10,806,140.10		-27,523,201.13
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										1,755,446,654.53		1,093,395,763.70		2,848,842,418.23





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.16597%		7.07707%		7.13191%
Weighted Average Coupon Prior										7.16597%		7.07707%		7.13191%
Weighted Average Coupon Current										7.15762%		7.07260%		7.12498%
Weighted Average Months to Maturity Original										356		355		355
Weighted Average Months to Maturity Prior										356		355		355
Weighted Average Months to Maturity Current										355		354		354
Weighted Avg Remaining Amortization Term Original										356		355		355
Weighted Avg Remaining Amortization Term Prior										356		355		355
Weighted Avg Remaining Amortization Term Current										355		354		354
Weighted Average Seasoning Original										1.57		1.52		1.55
Weighted Average Seasoning Prior										1.57		1.52		1.55
Weighted Average Seasoning Current										2.57		2.52		2.55









Page 8 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.70097%		5.69394%		5.69833%
Weighted Average Margin Prior										5.70097%		5.69394%		5.69833%
Weighted Average Margin Current										5.70087%		5.69411%		5.69833%
Weighted Average Max Rate Original										14.20356%		14.06345%		14.15100%
Weighted Average Max Rate Prior										14.20356%		14.06345%		14.15100%
Weighted Average Max Rate Current										14.19529%		14.05917%		14.14408%
Weighted Average Min Rate Original										7.20761%		7.06799%		7.15524%
Weighted Average Min Rate Prior										7.20761%		7.06799%		7.15524%
Weighted Average Min Rate Current										7.19889%		7.06373%		7.14804%
Weighted Average Cap Up Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Up Prior										1.49797%		1.49773%		1.49788%
Weighted Average Cap Up Current										1.49820%		1.49772%		1.49802%
Weighted Average Cap Down Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Down Prior										1.49797%		1.49773%		1.49788%
Weighted Average Cap Down Current										1.49820%		1.49772%		1.49802%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										150,150.13		91,144.20		241,294.33
Delinquent Servicing Fees										588,644.72		369,248.53		957,893.25
TOTAL SERVICING FEES										738,794.87		460,392.74		1,199,187.61


Total Servicing Fees										738,794.87		460,392.74		1,199,187.61
Compensating Interest										-45,347.82		-24,745.49		-70,093.31
Delinquent Servicing Fees										-588,644.72		-369,248.53		-957,893.25
COLLECTED SERVICING FEES										104,802.32		66,398.72		171,201.04


Total Advanced Interest										7,871,868.68		4,854,061.86		12,725,930.54
Total Advanced Principal										690,390.14		535,819.88		1,226,210.02
Aggregate Advances with respect to this Distribution										8,562,258.81		5,389,881.74		13,952,140.56





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										45,347.82		24,745.50		70,093.32
Compensating Interest										-45,347.82		-24,745.49		-70,093.31
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Current LIBOR Rate														3.460000%
Next LIBOR Rate														0.000000%




Page 9 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				1,852,553.55		0.00		0.00		1,852,553.55
			% Balance				0.07%		0.00%		0.00%		0.07%
			# Loans				7		0		0		7
			% # Loans				0.05%		0.00%		0.00%		0.05%
	FORECLOSURE		Balance		531,199.96		0.00		0.00		0.00		531,199.96
			% Balance		0.02%		0.00%		0.00%		0.00%		0.02%
			# Loans		1		0		0		0		1
			% # Loans		0.01%		0.00%		0.00%		0.00%		0.01%
	BANKRUPTCY		Balance		2,721,698.82		0.00		0.00		0.00		2,721,698.82
			% Balance		0.10%		0.00%		0.00%		0.00%		0.10%
			# Loans		18		0		0		0		18
			% # Loans		0.12%		0.00%		0.00%		0.00%		0.12%
	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		3,252,898.78		1,852,553.55		0.00		0.00		5,105,452.33
			% Balance		0.11%		0.07%		0.00%		0.00%		0.18%
			# Loans		19		7		0		0		26
			% # Loans		0.13%		0.05%		0.00%		0.00%		0.18%









Page 10 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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		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		534,326.32		0.00		0.00		0.00		534,326.32
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		5		0		0		0		5
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%
	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		534,326.32		0.00		0.00		0.00		534,326.32
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		5		0		0		0		5
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%










Page 11 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				1,852,553.55		0.00		0.00		1,852,553.55
			% Balance				0.11%		0.00%		0.00%		0.11%
			# Loans				7		0		0		7
			% # Loans				0.09%		0.00%		0.00%		0.09%
	FORECLOSURE		Balance		531,199.96		0.00		0.00		0.00		531,199.96
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		1		0		0		0		1
			% # Loans		0.01%		0.00%		0.00%		0.00%		0.01%
	BANKRUPTCY		Balance		2,187,372.50		0.00		0.00		0.00		2,187,372.50
			% Balance		0.12%		0.00%		0.00%		0.00%		0.12%
			# Loans		13		0		0		0		13
			% # Loans		0.16%		0.00%		0.00%		0.00%		0.16%
	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		2,718,572.46		1,852,553.55		0.00		0.00		4,571,126.01
			% Balance		0.15%		0.11%		0.00%		0.00%		0.26%
			# Loans		14		7		0		0		21
			% # Loans		0.18%		0.09%		0.00%		0.00%		0.27%










Page 12 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								7		$1,852,553.55				0.07%

60-89 Days Delinquent								0		$0.00				0.00%

90 or more Days Delinquent								0		$0.00				0.00%

Aggregate								7		$1,852,553.55				0.07%

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


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							1			$531,199.96				0.02%

Loans in bankruptcy proceedings								18		$2,721,698.82				0.10%

REO Properties							0			$0.00				0.00%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							14,620			$2,846,458,664.72				99.92%

30							7			$1,852,553.55				0.07%

60							0			$0.00				0.00%

90							0
90							0			$0.00				0.00%

FC							1			$531,199.96				0.02%

REO							0			$0.00				0.00%

Total							14,628			$2,848,842,418.23				100.00%

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

BK								18		$2,721,698.82				0.10%



Page 13 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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
1001323231 2
1001323231 2			531,200.00		531,199.96		01-Jun-2005		5.900%		CA - 80.00%		360		01-May-2005



TOTAL			531,200.00		531,199.96


Page 15 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										62		53		115
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										62		53		115
Curtailments Amount										68,479.52		68,513.56		136,993.08
Paid in Full Balance										16,717,061.03		10,806,140.10		27,523,201.13
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										16,785,540.55		10,874,653.66		27,660,194.21

Cumulative


Number of Paid in Full Loans										106		73		179
Number of Repurchased Loans										26		16		42
Total Number of Loans Prepaid in Full										132		89		221
Paid in Full Balance										27,345,157.03		13,969,128.83		41,314,285.86
Repurchased Loans Balance										4,775,125.14		2,185,883.89		6,961,009.03
Curtailments Amount										153,807.03		116,152.97		269,960.00
Total Prepayment Amount										32,274,089.20		16,271,165.69		48,545,254.89










Page 16 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										0.95%		0.98%		0.96%
3 Months Avg SMM										0.91%		0.74%		0.84%
12 Months Avg SMM										0.91%		0.74%		0.84%
Avg SMM Since Cut-off										0.91%		0.74%		0.84%


CPR										10.79%		11.20%		10.95%
3 Months Avg CPR										10.35%		8.48%		9.64%
12 Months Avg CPR										10.35%		8.48%		9.64%
Avg CPR Since Cut-off										10.35%		8.48%		9.64%


PSA										2,102.84%		2,221.46%		2,147.91%
3 Months Avg PSA Approximation										2,504.42%		2,097.69%		#######
12 Months Avg PSA Approximation										2,504.42%		2,097.69%		2,351.74%
Avg PSA Since Cut-off Approximation										2,504.42%		2,097.69%		2,351.74%










Page 17 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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

2079425 1			53,600.00		53,569.15			18-Jul-2005		8.750%		TX - 67.00%		Paid Off - 360		01-Jul-2005
			53,600.00

2120358 1			351,500.00		351,499.76			29-Jul-2005		6.900%		NJ - 95.00%		Paid Off - 360		01-Jul-2005
2120358 1					351,499.76			29-Jul-2005		6.900%		NJ - 95.00%		Paid Off - 360		01-Jul-2005
1000462190 2			164,250.00		163,939.98			12-Jul-2005		8.350%		FL - 90.00%		Paid Off - 360		01-May-2005
1000462190 2					163,939.98			12-Jul-2005		8.350%		FL - 90.00%		Paid Off - 360		01-May-2005
1001131260 2			181,710.00		181,400.51			05-Jul-2005		8.850%		FL - 90.00%		Paid Off - 360		01-May-2005
1001131260 2					181,400.51			05-Jul-2005		8.850%		FL - 90.00%		Paid Off - 360		01-May-2005
1001144489 1			75,600.00		75,428.08			28-Jul-2005		7.425%		PA - 90.00%		Paid Off - 360		01-May-2005
1001144489 1					75,428.08			28-Jul-2005		7.425%		PA - 90.00%		Paid Off - 360		01-May-2005
1001161049 2			341,148.00		341,147.97			05-Jul-2005		7.250%		CA - 80.00%		Paid Off - 360		01-May-2005
1001161049 2					341,147.97			05-Jul-2005		7.250%		CA - 80.00%		Paid Off - 360		01-May-2005
1001189519 2			408,000.00		408,000.00			29-Jul-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001189519 2					408,000.00			29-Jul-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001232491 1			292,500.00		292,050.29			05-Jul-2005		9.350%		CA - 75.00%		Paid Off - 360		01-May-2005
1001232491 1					292,050.29			05-Jul-2005		9.350%		CA - 75.00%		Paid Off - 360		01-May-2005
1001259186 1			121,600.00		121,600.00			08-Jul-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001259186 1					121,600.00			08-Jul-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001303832 2			301,500.00		301,500.00			13-Jul-2005		7.500%		WA - 90.00%		Paid Off - 360		01-May-2005
1001303832 2					301,500.00			13-Jul-2005		7.500%		WA - 90.00%		Paid Off - 360		01-May-2005
1001315712 2			212,042.93		211,721.82			22-Jul-2005		7.450%		FL - 90.00%		Paid Off - 360		01-May-2005
1001315712 2					211,721.82			22-Jul-2005		7.450%		FL - 90.00%		Paid Off - 360		01-May-2005
1001324882 2			324,000.00		324,000.00			05-Jul-2005		6.050%		CA - 80.00%		Paid Off - 360		01-May-2005
1001324882 2					324,000.00			05-Jul-2005		6.050%		CA - 80.00%		Paid Off - 360		01-May-2005
1001351717 1			235,600.00		235,198.74			13-Jul-2005		8.850%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001351717 1					235,198.74			13-Jul-2005		8.850%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001352477 2			220,500.00		220,044.06			26-Jul-2005		7.900%		FL - 90.00%		Paid Off - 360		01-May-2005
1001352477 2					220,044.06			26-Jul-2005		7.900%		FL - 90.00%		Paid Off - 360		01-May-2005
1001373436 2			318,750.00		318,381.88			15-Jul-2005		8.750%		NY - 85.00%		Paid Off - 360		01-Jun-2005
1001373436 2					318,381.88			15-Jul-2005		8.750%		NY - 85.00%		Paid Off - 360		01-Jun-2005
1001377129 1			209,000.00		208,646.07			20-Jul-2005		6.850%		CA - 68.52%		Paid Off - 360		01-Jun-2005
1001377129 1					208,646.07			20-Jul-2005		6.850%		CA - 68.52%		Paid Off - 360		01-Jun-2005
1001389928 2			220,010.00		220,009.97			05-Jul-2005		7.500%		HI - 89.80%		Paid Off - 360		01-May-2005
1001389928 2					220,009.97			05-Jul-2005		7.500%		HI - 89.80%		Paid Off - 360		01-May-2005
1001415677 1			247,000.00		246,498.46			29-Jul-2005		7.990%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001415677 1					246,498.46			29-Jul-2005		7.990%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001424612 2			315,000.00		314,526.54			19-Jul-2005		9.450%		VA - 90.00%		Paid Off - 360		01-May-2005
1001424612 2					314,526.54			19-Jul-2005		9.450%		VA - 90.00%		Paid Off - 360		01-May-2005
1001438028 2			408,500.00		407,927.30			29-Jul-2005		7.800%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001438028 2					407,927.30			29-Jul-2005		7.800%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001438787 1			235,000.00		235,000.00			29-Jul-2005		5.300%		NY - 69.12%		Paid Off - 360		01-Jun-2005
1001438787 1					235,000.00			29-Jul-2005		5.300%		NY - 69.12%		Paid Off - 360		01-Jun-2005
1001439296 2			153,700.00		153,499.26			20-Jul-2005		8.150%		FL - 65.40%		Paid Off - 360		01-Jun-2005
1001439296 2					153,499.26			20-Jul-2005		8.150%		FL - 65.40%		Paid Off - 360		01-Jun-2005
1001442460 2			70,000.00		69,902.40			21-Jul-2005		7.950%		IN - 59.32%		Paid Off - 360		01-Jun-2005
1001442460 2					69,902.40			21-Jul-2005		7.950%		IN - 59.32%		Paid Off - 360		01-Jun-2005
1001452172 2			455,000.00		453,594.14			05-Jul-2005		5.850%		CA - 70.00%		Paid Off - 360		01-May-2005
1001452172 2					453,594.14			05-Jul-2005		5.850%		CA - 70.00%		Paid Off - 360		01-May-2005
1001454474 1			266,000.00		265,443.21			27-Jul-2005		5.750%		CA - 64.88%		Paid Off - 360		01-Jun-2005
1001454474 1					265,443.21			27-Jul-2005		5.750%		CA - 64.88%		Paid Off - 360		01-Jun-2005
1001464908 1			247,000.00		246,628.53			29-Jul-2005		7.450%		CA - 69.77%		Paid Off - 360		01-Jun-2005
1001464908 1					246,628.53			29-Jul-2005		7.450%		CA - 69.77%		Paid Off - 360		01-Jun-2005
1001465881 1			212,445.00		211,983.09			05-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-May-2005
1001465881 1					211,983.09			05-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-May-2005
1001465916 1			271,000.00		269,229.50			26-Jul-2005		5.990%		CA - 55.31%		Paid Off - 240		01-May-2005
1001465916 1					269,229.50			26-Jul-2005		5.990%		CA - 55.31%		Paid Off - 240		01-May-2005
1001486163 1			233,600.00		233,600.00			06-Jul-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001486163 1					233,600.00			06-Jul-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001505963 1			186,000.00		185,776.54			20-Jul-2005		4.990%		MD - 78.81%		Paid Off - 360		01-Jun-2005
1001505963 1					185,776.54			20-Jul-2005		4.990%		MD - 78.81%		Paid Off - 360		01-Jun-2005
1001512768 1			285,696.00		285,696.00			27-Jul-2005		7.500%		FL - 90.00%		Paid Off - 360		01-May-2005
1001512768 1					285,696.00			27-Jul-2005		7.500%		FL - 90.00%		Paid Off - 360		01-May-2005
1001515042 2			427,500.00		426,830.99			05-Jul-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001515042 2					426,830.99			05-Jul-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001517530 1			94,800.00		94,732.41			11-Jul-2005		7.700%		FL - 80.00%		Paid Off - 360		01-Jul-2005
1001517530 1					94,732.41			11-Jul-2005		7.700%		FL - 80.00%		Paid Off - 360		01-Jul-2005
1001517718 2			131,250.00		131,121.73			27-Jul-2005		9.550%		IL - 75.00%		Paid Off - 360		01-Jun-2005
1001517718 2					131,121.73			27-Jul-2005		9.550%		IL - 75.00%		Paid Off - 360		01-Jun-2005
1001537144 2			131,679.00		131,526.93			11-Jul-2005		8.750%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001537144 2					131,526.93			11-Jul-2005		8.750%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001540693 1			188,000.00		187,696.91			11-Jul-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
1001540693 1					187,696.91			11-Jul-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
1001550253 2			153,000.00		152,800.18			29-Jul-2005		8.150%		FL - 68.00%		Paid Off - 360		01-Jun-2005
1001550253 2					152,800.18					8.150%		FL - 68.00%		Paid Off - 360


Page 19 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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

1001553385 2			251,910.00		251,570.11			20-Jul-2005		7.990%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
			251,910.00

1001564863 2			264,600.00		264,250.89			06-Jul-2005		8.100%		AZ - 70.00%		Paid Off - 360		01-Jun-2005
1001564863 2					264,250.89			06-Jul-2005		8.100%		AZ - 70.00%		Paid Off - 360		01-Jun-2005
1001583192 2			228,750.00		228,750.00			26-Jul-2005		7.600%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001583192 2					228,750.00			26-Jul-2005		7.600%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001605711 1			310,500.00		310,163.03			05-Jul-2005		9.050%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001605711 1					310,163.03			05-Jul-2005		9.050%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001617771 1			260,300.00		260,299.98			08-Jul-2005		9.450%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001617771 1					260,299.98			08-Jul-2005		9.450%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001627341 2			436,000.00		436,000.00			28-Jul-2005		7.800%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001627341 2					436,000.00			28-Jul-2005		7.800%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001638945 1			190,008.00		189,816.35			25-Jul-2005		9.400%		AZ - 95.00%		Paid Off - 360		01-Jun-2005
1001638945 1					189,816.35			25-Jul-2005		9.400%		AZ - 95.00%		Paid Off - 360		01-Jun-2005
1001657059 1			180,000.00		179,751.43			28-Jul-2005		7.875%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001657059 1					179,751.43			28-Jul-2005		7.875%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001658753 2			650,000.00		649,999.99			26-Jul-2005		8.450%		WA - 82.28%		Paid Off - 360		01-Jul-2005
1001658753 2					649,999.99			26-Jul-2005		8.450%		WA - 82.28%		Paid Off - 360		01-Jul-2005
1001664345 2			360,000.00		360,000.00			28-Jul-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001664345 2					360,000.00			28-Jul-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001666520 2			200,777.00		200,540.29			18-Jul-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001666520 2					200,540.29			18-Jul-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001673870 2			254,881.04		254,761.11			28-Jul-2005		9.750%		AZ - 73.91%		Paid Off - 360		01-Jun-2005
1001673870 2					254,761.11			28-Jul-2005		9.750%		AZ - 73.91%		Paid Off - 360		01-Jun-2005
1001676387 2			389,500.00		389,500.00			15-Jul-2005		9.100%		CA - 95.00%		Paid Off - 360		01-Jul-2005
1001676387 2					389,500.00			15-Jul-2005		9.100%		CA - 95.00%		Paid Off - 360		01-Jul-2005
1001681567 2			92,704.86		92,659.36			22-Jul-2005		9.550%		OH - 70.00%		Paid Off - 360		01-Jun-2005
1001681567 2					92,659.36			22-Jul-2005		9.550%		OH - 70.00%		Paid Off - 360		01-Jun-2005
1001690085 2			320,000.00		319,760.12			05-Jul-2005		7.450%		HI - 80.00%		Paid Off - 360		01-Jul-2005
1001690085 2					319,760.12			05-Jul-2005		7.450%		HI - 80.00%		Paid Off - 360		01-Jul-2005
1001702090 1			315,000.00		315,000.00			21-Jul-2005		7.990%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001702090 1					315,000.00			21-Jul-2005		7.990%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001706238 2			151,300.00		151,128.83			19-Jul-2005		8.850%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
1001706238 2					151,128.83			19-Jul-2005		8.850%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
1001722684 1			178,000.00		177,272.11			26-Jul-2005		6.500%		NJ - 63.57%		Paid Off - 240		01-Jun-2005
1001722684 1					177,272.11			26-Jul-2005		6.500%		NJ - 63.57%		Paid Off - 240		01-Jun-2005
1001723674 1			93,907.32		93,814.17			13-Jul-2005		6.050%		CA - 17.15%		Paid Off - 360		01-Jun-2005
1001723674 1					93,814.17			13-Jul-2005		6.050%		CA - 17.15%		Paid Off - 360		01-Jun-2005
1001732511 1			356,250.00		356,250.00			28-Jul-2005		7.150%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001732511 1					356,250.00			28-Jul-2005		7.150%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001738329 2			93,600.00		93,489.64			20-Jul-2005		8.650%		WI - 90.00%		Paid Off - 360		01-Jun-2005
1001738329 2					93,489.64			20-Jul-2005		8.650%		WI - 90.00%		Paid Off - 360		01-Jun-2005
1001742895 1			196,090.00		196,090.00			20-Jul-2005		7.800%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1001742895 1					196,090.00			20-Jul-2005		7.800%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1001771871 2			573,200.00		572,426.65			05-Jul-2005		7.990%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001771871 2					572,426.65			05-Jul-2005		7.990%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001771951 1			219,450.00		219,209.36			27-Jul-2005		9.000%		FL - 95.00%		Paid Off - 360		01-Jun-2005
1001771951 1					219,209.36			27-Jul-2005		9.000%		FL - 95.00%		Paid Off - 360		01-Jun-2005
1001783813 2			400,000.00		399,671.47			27-Jul-2005		6.990%		CA - 78.43%		Paid Off - 360		01-Jul-2005
1001783813 2					399,671.47			27-Jul-2005		6.990%		CA - 78.43%		Paid Off - 360		01-Jul-2005
1001811061 2			720,000.00		718,867.66			29-Jul-2005		7.225%		CA - 84.71%		Paid Off - 360		01-Jun-2005
1001811061 2					718,867.66			29-Jul-2005		7.225%		CA - 84.71%		Paid Off - 360		01-Jun-2005
1001821292 1			304,500.00		304,237.82			29-Jul-2005		6.750%		CA - 70.00%		Paid Off - 360		01-Jul-2005
1001821292 1					304,237.82			29-Jul-2005		6.750%		CA - 70.00%		Paid Off - 360		01-Jul-2005
1001821586 1			135,850.00		135,684.48			12-Jul-2005		8.490%		NM - 95.00%		Paid Off - 360		01-Jun-2005
1001821586 1					135,684.48			12-Jul-2005		8.490%		NM - 95.00%		Paid Off - 360		01-Jun-2005
1001827633 1			91,800.00		91,733.22			06-Jul-2005		7.600%		OH - 90.00%		Paid Off - 360		01-Jul-2005
1001827633 1					91,733.22			06-Jul-2005		7.600%		OH - 90.00%		Paid Off - 360		01-Jul-2005
1001827722 1			137,000.00		136,756.41			22-Jul-2005		6.600%		WI - 77.84%		Paid Off - 360		01-Jun-2005
1001827722 1					136,756.41			22-Jul-2005		6.600%		WI - 77.84%		Paid Off - 360		01-Jun-2005
1001831441 1			260,000.00		259,825.19			29-Jul-2005		7.990%		CA - 72.18%		Paid Off - 360		01-Jul-2005
1001831441 1					259,825.19			29-Jul-2005		7.990%		CA - 72.18%		Paid Off - 360		01-Jul-2005
1001831753 1			333,000.00		332,760.19			19-Jul-2005		7.650%		IL - 88.80%		Paid Off - 360		01-Jul-2005
1001831753 1					332,760.19			19-Jul-2005		7.650%		IL - 88.80%		Paid Off - 360		01-Jul-2005
1001835241 2			288,000.00		288,000.00			13-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001835241 2					288,000.00			13-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001835802 2			72,000.00		71,973.76			13-Jul-2005		10.900%		CA - 20.00%		Paid Off - 360		01-Jul-2005
1001835802 2					71,973.76			13-Jul-2005		10.900%		CA - 20.00%		Paid Off - 360		01-Jul-2005
1001841289 1			184,500.00		184,289.11			25-Jul-2005		8.800%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001841289 1					184,289.11			25-Jul-2005		8.800%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001843606 2			99,600.00		99,552.63			05-Jul-2005		12.850%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001843606 2					99,552.63			05-Jul-2005		12.850%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001844632 2			348,000.00		348,000.00			14-Jul-2005		7.650%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1001844632 2					348,000.00			14-Jul-2005		7.650%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1001855068 2			504,000.00		503,665.24			27-Jul-2005		8.050%		GA - 80.00%		Paid Off - 360		01-Jul-2005
1001855068 2					503,665.24					8.050%		GA - 80.00%		Paid Off - 360


Page 20 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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

1001866644 1			300,000.00		299,698.48			05-Jul-2005		5.950%		NY - 63.16%		Paid Off - 360		01-Jul-2005
			300,000.00

1001873137 1			79,000.00		78,936.51			19-Jul-2005		7.100%		MS - 83.16%		Paid Off - 360		01-Jul-2005
1001873137 1					78,936.51			19-Jul-2005		7.100%		MS - 83.16%		Paid Off - 360		01-Jul-2005
1001875411 1			63,000.00		62,950.76			08-Jul-2005		10.600%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001875411 1					62,950.76			08-Jul-2005		10.600%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001880815 2			72,000.00		71,933.95			29-Jul-2005		9.850%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001880815 2					71,933.95			29-Jul-2005		9.850%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001881690 2			207,000.00		206,737.78			05-Jul-2005		8.300%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001881690 2					206,737.78			05-Jul-2005		8.300%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001886597 1			225,000.00		224,820.96			28-Jul-2005		7.150%		WI - 85.23%		Paid Off - 360		01-Jul-2005
1001886597 1					224,820.96			28-Jul-2005		7.150%		WI - 85.23%		Paid Off - 360		01-Jul-2005
1001895060 2			422,910.00		422,273.99			26-Jul-2005		7.450%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001895060 2					422,273.99			26-Jul-2005		7.450%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001895952 2			190,323.00		190,214.62			26-Jul-2005		8.800%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1001895952 2					190,214.62			26-Jul-2005		8.800%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1001906245 2			348,340.00		348,159.41			18-Jul-2005		9.250%		VA - 85.00%		Paid Off - 360		01-Jul-2005
1001906245 2					348,159.41			18-Jul-2005		9.250%		VA - 85.00%		Paid Off - 360		01-Jul-2005
1001915397 1			320,000.00		319,710.71			06-Jul-2005		6.500%		CA - 83.12%		Paid Off - 360		01-Jul-2005
1001915397 1					319,710.71			06-Jul-2005		6.500%		CA - 83.12%		Paid Off - 360		01-Jul-2005
1001920620 1			103,920.00		103,920.00			22-Jul-2005		6.950%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001920620 1					103,920.00			22-Jul-2005		6.950%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001926349 2			167,000.00		166,896.73			20-Jul-2005		8.400%		FL - 68.72%		Paid Off - 360		01-Jul-2005
1001926349 2					166,896.73			20-Jul-2005		8.400%		FL - 68.72%		Paid Off - 360		01-Jul-2005
1001928427 2			154,000.00		153,908.61			05-Jul-2005		8.600%		FL - 72.64%		Paid Off - 360		01-Jul-2005
1001928427 2					153,908.61			05-Jul-2005		8.600%		FL - 72.64%		Paid Off - 360		01-Jul-2005
1001930691 2			152,000.00		151,905.04			20-Jul-2005		8.350%		FL - 64.68%		Paid Off - 360		01-Jul-2005
1001930691 2					151,905.04			20-Jul-2005		8.350%		FL - 64.68%		Paid Off - 360		01-Jul-2005
1001935543 2			147,000.00		146,910.03			11-Jul-2005		8.450%		FL - 88.02%		Paid Off - 360		01-Jul-2005
1001935543 2					146,910.03			11-Jul-2005		8.450%		FL - 88.02%		Paid Off - 360		01-Jul-2005
1001956011 2			153,600.00		153,600.00			22-Jul-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001956011 2					153,600.00			22-Jul-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001962273 2			131,920.00		131,832.37			20-Jul-2005		8.050%		TX - 80.00%		Paid Off - 360		01-Jul-2005
1001962273 2					131,832.37			20-Jul-2005		8.050%		TX - 80.00%		Paid Off - 360		01-Jul-2005
1001967143 2			213,900.00		213,790.27			18-Jul-2005		9.300%		GA - 100.00%		Paid Off - 360		01-Jul-2005
1001967143 2					213,790.27			18-Jul-2005		9.300%		GA - 100.00%		Paid Off - 360		01-Jul-2005
1001968286 1			80,000.00		79,939.89			06-Jul-2005		7.438%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001968286 1					79,939.89			06-Jul-2005		7.438%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001985132 2			247,920.00		247,765.11			15-Jul-2005		8.350%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1001985132 2					247,765.11			15-Jul-2005		8.350%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1002007893 2			233,769.00		233,657.59			15-Jul-2005		9.650%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002007893 2					233,657.59			15-Jul-2005		9.650%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002010273 2			200,000.00		199,880.08			26-Jul-2005		8.550%		VA - 80.00%		Paid Off - 360		01-Jul-2005
1002010273 2					199,880.08			26-Jul-2005		8.550%		VA - 80.00%		Paid Off - 360		01-Jul-2005
1002017631 2			381,600.00		381,564.91			15-Jul-2005		8.150%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002017631 2					381,564.91			15-Jul-2005		8.150%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002019096 2			99,900.00		99,839.48			26-Jul-2005		8.500%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002019096 2					99,839.48			26-Jul-2005		8.500%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002025230 2			112,000.00		111,921.74			22-Jul-2005		7.800%		TX - 80.00%		Paid Off - 360		01-Jul-2005
1002025230 2					111,921.74			22-Jul-2005		7.800%		TX - 80.00%		Paid Off - 360		01-Jul-2005
1002029557 2			181,050.00		180,941.44			26-Jul-2005		8.550%		MD - 85.00%		Paid Off - 360		01-Jul-2005
1002029557 2					180,941.44			26-Jul-2005		8.550%		MD - 85.00%		Paid Off - 360		01-Jul-2005
1002031722 1			90,250.00		90,179.59			#######		7.250%		IN - 95.00%		Paid Off - 360		01-Jul-2005
1002031722 1					90,179.59					7.250%		IN - 95.00%		Paid Off - 360		01-Jul-2005
1002053645 1			244,004.00		243,863.61			07-Jul-2005		8.750%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1002053645 1					243,863.61			07-Jul-2005		8.750%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1002053967 1			234,879.00		234,742.45			07-Jul-2005		8.700%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1002053967 1					234,742.45			07-Jul-2005		8.700%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1002068808 1			305,550.00		305,550.00			26-Jul-2005		8.000%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1002068808 1					305,550.00			26-Jul-2005		8.000%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1002088813 1			80,000.00		79,961.87			25-Jul-2005		9.650%		IN - 100.00%		Paid Off - 360		01-Jul-2005
1002088813 1					79,961.87			25-Jul-2005		9.650%		IN - 100.00%		Paid Off - 360		01-Jul-2005
1002091890 1			175,000.00		174,846.35			29-Jul-2005		6.650%		CA - 45.45%		Paid Off - 360		01-Jul-2005
1002091890 1					174,846.35			29-Jul-2005		6.650%		CA - 45.45%		Paid Off - 360		01-Jul-2005
1002103280 1			270,000.00		270,000.00			29-Jul-2005		8.650%		IL - 90.00%		Paid Off - 360		01-Jul-2005
1002103280 1					270,000.00			29-Jul-2005		8.650%		IL - 90.00%		Paid Off - 360		01-Jul-2005
1002112056 1			106,000.00		105,999.99			22-Jul-2005		8.200%		CO - 80.00%		Paid Off - 360		01-Jul-2005
1002112056 1					105,999.99			22-Jul-2005		8.200%		CO - 80.00%		Paid Off - 360		01-Jul-2005
1002119987 1			161,100.00		160,992.99			28-Jul-2005		8.050%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1002119987 1					160,992.99			28-Jul-2005		8.050%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1002135647 2			495,000.00		494,700.12			05-Jul-2005		8.500%		IL - 90.00%		Paid Off - 360		01-Jul-2005
1002135647 2					494,700.12			05-Jul-2005		8.500%		IL - 90.00%		Paid Off - 360		01-Jul-2005
1002135736 1			141,050.00		140,990.21			22-Jul-2005		10.200%		CA - 70.00%		Paid Off - 360		01-Jul-2005
1002135736 1					140,990.21			22-Jul-2005		10.200%		CA - 70.00%		Paid Off - 360		01-Jul-2005
1002144110 2			398,050.00		397,832.12			27-Jul-2005		8.990%		CT - 95.00%		Paid Off - 360		01-Jul-2005
1002144110 2					397,832.12					8.990%		CT - 95.00%		Paid Off - 360


Page 21 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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

1002152422 2			384,600.00		384,352.23			18-Jul-2005		8.200%		CA - 60.00%		Paid Off - 360		01-Jul-2005
			384,600.00

1002230874 1			286,000.00		285,806.14			28-Jul-2005		7.950%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002230874 1					285,806.14			28-Jul-2005		7.950%		CA - 80.00%		Paid Off - 360		01-Jul-2005


TOTAL			27,547,094.15		27,523,201.13
TOTAL


Page 22 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 23 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 24 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 25 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 26 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 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 (0=No,1=Yes)								0

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




ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 27 of 28
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes
Asset Backed Notes
2005-3

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

			A-1ss							0.23%			$0.00		$0.00
										0.23%			$0.00		$0.00
			A-1mz							0.28%			$0.00		$0.00
										0.28%			$0.00		$0.00
			A-2a							0.09%			$0.00		$0.00
										0.09%			$0.00		$0.00
			A-2b							0.18%			$0.00		$0.00
										0.18%			$0.00		$0.00
			A-2c							0.27%			$0.00		$0.00
										0.27%			$0.00		$0.00
			A-2d							0.38%			$0.00		$0.00
										0.38%			$0.00		$0.00
			M-1							0.48%			$0.00		$0.00
										0.48%			$0.00		$0.00
			M-2							0.49%			$0.00		$0.00
										0.49%			$0.00		$0.00
			M-3							0.51%			$0.00		$0.00
										0.51%			$0.00		$0.00
			M-4							0.64%			$0.00		$0.00
										0.64%			$0.00		$0.00
			M-5							0.67%			$0.00		$0.00
										0.67%			$0.00		$0.00
			M-6							0.70%			$0.00		$0.00
										0.70%			$0.00		$0.00
			M-7							1.30%			$0.00		$0.00
										1.30%			$0.00		$0.00
			M-8							1.40%			$0.00		$0.00
										1.40%			$0.00		$0.00
			M-9							1.80%			$0.00		$0.00
										1.80%			$0.00		$0.00
			M-10							3.75%			$0.00		$0.00
										3.75%			$0.00		$0.00
			TRUST							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00






Page 28 of 28

New Century Home Equity Loan Trust 2005-3 8-K