

                                    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): December 27, 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
     December 27, 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:  Dec 29, 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
              December 27, 2005.



New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					29
										11. Realized Loss Detail Report					32
				Servicer(s)
										12. Triggers and Adj. Cert. Report					33
				New Century Mortgage Corporation
										13. Additional Certificate Report					34



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					34


				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:			December 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005
										Main Phone Number:			(714) 247-6000

							December 23, 2005


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






Page 1 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC I
					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, STEP	$	699,232,000.00		630,619,848.48		2,479,737.38		21,565,017.32		24,044,754.70		0.00		0.00		609,054,831.16

A-1mz	FLT, STEP	$	174,808,000.00		157,654,962.12		626,941.23		5,391,254.33		6,018,195.56		0.00		0.00		152,263,707.79
A-2a	FLT, STEP	$	596,000,000.00		468,319,768.79		1,783,257.61		43,097,768.74		44,881,026.35		0.00		0.00		425,222,000.05
A-2b	FLT, STEP	$	334,000,000.00		334,000,000.00		1,298,517.78		0.00		1,298,517.78		0.00		0.00		334,000,000.00
A-2c	FLT, STEP	$	351,570,000.00		351,570,000.00		1,394,951.63		0.00		1,394,951.63		0.00		0.00		351,570,000.00
A-2d	FLT, STEP	$	126,000,000.00		126,000,000.00		512,260.00		0.00		512,260.00		0.00		0.00		126,000,000.00
M-1	MEZ, FLT, S	$	100,083,000.00		100,083,000.00		415,789.26		0.00		415,789.26		0.00		0.00		100,083,000.00
M-2	MEZ, FLT, S	$	91,381,000.00		91,381,000.00		380,449.56		0.00		380,449.56		0.00		0.00		91,381,000.00
M-3	MEZ, FLT, S	$	58,019,000.00		58,019,000.00		242,583.89		0.00		242,583.89		0.00		0.00		58,019,000.00
M-4	MEZ, FLT, S	$	52,218,000.00		52,218,000.00		224,363.34		0.00		224,363.34		0.00		0.00		52,218,000.00
M-5	MEZ, FLT, S	$	49,316,000.00		49,316,000.00		213,209.51		0.00		213,209.51		0.00		0.00		49,316,000.00
M-6	MEZ, FLT, S	$	43,515,000.00		43,515,000.00		189,290.25		0.00		189,290.25		0.00		0.00		43,515,000.00
M-7	MEZ, FLT, S	$	39,163,000.00		39,163,000.00		191,245.98		0.00		191,245.98		0.00		0.00		39,163,000.00
M-8	MEZ, FLT, S	$	33,361,000.00		33,361,000.00		165,878.31		0.00		165,878.31		0.00		0.00		33,361,000.00
M-9	MEZ, FLT, S	$	29,010,000.00		29,010,000.00		154,558.83		0.00		154,558.83		0.00		0.00		29,010,000.00
M-10	MEZ, FLT, S	$	24,658,000.00		24,658,000.00		174,112.88		0.00		174,112.88		0.00		0.00		24,658,000.00
TRUST	MEZ, FLT, S	$	0.00		0.00		5,303,855.90		0.00		5,303,855.90		0.00		0.00		0.00

Total			2,802,334,000.00		2,588,888,579.39		15,751,003.34		70,054,040.39		85,805,043.73		0.00		0.00		2,518,834,539.00





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	11/25/05		12/26/05		A-Act/360		64352VLC3		699,232,000.00		901.874984		3.546373		30.841005		34.387377	871.033979
A-1mz	11/25/05		12/26/05		A-Act/360		64352VLD1		174,808,000.00		901.874984		3.586456		30.841005		34.427461	871.033979
A-2a	11/25/05		12/26/05		A-Act/360		64352VLE9		596,000,000.00		785.771424		2.992043		72.311693		75.303735	713.459732
A-2b	11/25/05		12/26/05		A-Act/360		64352VLF6		334,000,000.00		1,000.000000		3.887778		0.000000		3.887778	1,000.000000
A-2c	11/25/05		12/26/05		A-Act/360		64352VLG4		351,570,000.00		1,000.000000		3.967778		0.000000		3.967778	1,000.000000
A-2d	11/25/05		12/26/05		A-Act/360		64352VLH2		126,000,000.00		1,000.000000		4.065556		0.000000		4.065556	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		64352VLJ8		100,083,000.00		1,000.000000		4.154444		0.000000		4.154444	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		64352VLK5		91,381,000.00		1,000.000000		4.163333		0.000000		4.163333	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		64352VLL3		58,019,000.00		1,000.000000		4.181111		0.000000		4.181111	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		64352VLM1		52,218,000.00		1,000.000000		4.296667		0.000000		4.296667	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		64352VLN9		49,316,000.00		1,000.000000		4.323333		0.000000		4.323333	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		64352VLP4		43,515,000.00		1,000.000000		4.350000		0.000000		4.350000	1,000.000000
M-7	11/25/05		12/26/05		A-Act/360		64352VLQ2		39,163,000.00		1,000.000000		4.883333		0.000000		4.883333	1,000.000000
M-8	11/25/05		12/26/05		A-Act/360		64352VLR0		33,361,000.00		1,000.000000		4.972222		0.000000		4.972222	1,000.000000
M-9	11/25/05		12/26/05		A-Act/360		64352VLS8		29,010,000.00		1,000.000000		5.327778		0.000000		5.327778	1,000.000000
M-10	11/25/05		12/26/05		A-Act/360		64352VLT6		24,658,000.00		1,000.000000		7.061111		0.000000		7.061111	1,000.000000
TRUST	11/01/05		11/30/05		A-30/360		NC0503101		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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		13,764,684.71		87,377,528.53		2,799,640.31		90,177,168.84		103,941,853.55		0.00		0.00		609,054,831.16
A-1mz	174,808,000.00		3,484,580.69		21,844,382.13		699,910.08		22,544,292.21		26,028,872.90		0.00		0.00		152,263,707.79
A-2a	596,000,000.00		10,632,190.04		165,156,017.18		5,621,982.77		170,777,999.95		181,410,189.99		0.00		0.00		425,222,000.05
A-2b	334,000,000.00		6,772,708.20		0.00		0.00		0.00		6,772,708.20		0.00		0.00		334,000,000.00
A-2c	351,570,000.00		7,292,465.14		0.00		0.00		0.00		7,292,465.14		0.00		0.00		351,570,000.00
A-2d	126,000,000.00		2,685,173.75		0.00		0.00		0.00		2,685,173.75		0.00		0.00		126,000,000.00
M-1	100,083,000.00		2,184,568.64		0.00		0.00		0.00		2,184,568.64		0.00		0.00		100,083,000.00
M-2	91,381,000.00		1,999,346.48		0.00		0.00		0.00		1,999,346.48		0.00		0.00		91,381,000.00
M-3	58,019,000.00		1,275,406.70		0.00		0.00		0.00		1,275,406.70		0.00		0.00		58,019,000.00
M-4	52,218,000.00		1,182,958.91		0.00		0.00		0.00		1,182,958.91		0.00		0.00		52,218,000.00
M-5	49,316,000.00		1,124,860.29		0.00		0.00		0.00		1,124,860.29		0.00		0.00		49,316,000.00
M-6	43,515,000.00		999,288.74		0.00		0.00		0.00		999,288.74		0.00		0.00		43,515,000.00
M-7	39,163,000.00		1,020,753.68		0.00		0.00		0.00		1,020,753.68		0.00		0.00		39,163,000.00
M-8	33,361,000.00		886,765.51		0.00		0.00		0.00		886,765.51		0.00		0.00		33,361,000.00
M-9	29,010,000.00		831,065.98		0.00		0.00		0.00		831,065.98		0.00		0.00		29,010,000.00
M-10	24,658,000.00		954,821.12		0.00		0.00		0.00		954,821.12		0.00		0.00		24,658,000.00
TRUST	0.00		38,442,627.54		0.00		0.00		0.00		38,442,627.54		0.00		0.00		0.00

Total	2,802,334,000.00		95,534,266.12		274,377,927.84		9,121,533.16		283,499,461.00		379,033,727.12		0.00		0.00		2,518,834,539.00


Interest Detail - REMIC I
	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	4.42375%		630,619,848.48		2,479,737.38		0.00		0.00		0.00		2,479,737.38		2,479,737.38		0.00
A-1mz	4.47375%		157,654,962.12		626,941.23		0.00		0.00		0.00		626,941.23		626,941.23		0.00
A-2a	4.28375%		468,319,768.79		1,783,257.61		0.00		0.00		0.00		1,783,257.61		1,783,257.61		0.00
A-2b	4.37375%		334,000,000.00		1,298,517.78		0.00		0.00		0.00		1,298,517.78		1,298,517.78		0.00
A-2c	4.46375%		351,570,000.00		1,394,951.63		0.00		0.00		0.00		1,394,951.63		1,394,951.63		0.00
A-2d	4.57375%		126,000,000.00		512,260.00		0.00		0.00		0.00		512,260.00		512,260.00		0.00
M-1	4.67375%		100,083,000.00		415,789.26		0.00		0.00		0.00		415,789.26		415,789.26		0.00
M-2	4.68375%		91,381,000.00		380,449.56		0.00		0.00		0.00		380,449.56		380,449.56		0.00
M-3	4.70375%		58,019,000.00		242,583.89		0.00		0.00		0.00		242,583.89		242,583.89		0.00
M-4	4.83375%		52,218,000.00		224,363.34		0.00		0.00		0.00		224,363.34		224,363.34		0.00
M-5	4.86375%		49,316,000.00		213,209.51		0.00		0.00		0.00		213,209.51		213,209.51		0.00
M-6	4.89375%		43,515,000.00		189,290.25		0.00		0.00		0.00		189,290.25		189,290.25		0.00
M-7	5.49375%		39,163,000.00		191,245.98		0.00		0.00		0.00		191,245.98		191,245.98		0.00
M-8	5.59375%		33,361,000.00		165,878.31		0.00		0.00		0.00		165,878.31		165,878.31		0.00
M-9	5.99375%		29,010,000.00		154,558.83		0.00		0.00		0.00		154,558.83		154,558.83		0.00
M-10	7.49378%		24,658,000.00		164,250.39		0.00		0.00		0.00		164,250.39		174,112.88		0.00
TRUST	0.00000%		0.00		0.00		-10,437,284.95		13,505,268.53		0.00		23,942,553.48		5,303,855.90		18,638,697.58

Total			2,588,888,579.39		10,437,284.95		-10,437,284.95		13,505,268.53		0.00		34,379,838.43		15,751,003.34		18,638,697.58



Page 3 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										43,097,768.74		26,956,271.65		70,054,040.39
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										43,097,768.74		26,956,271.65		70,054,040.39
Interest Collections										9,267,337.96		5,664,713.39		14,932,051.35
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										507,151.38		481,100.82		988,252.20
Interest Fees										-104,404.16		-64,896.05		-169,300.21
TOTAL NET INTEREST										9,670,085.18		6,080,918.16		15,751,003.34
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										52,767,853.92		33,037,189.81		85,805,043.73



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											832,738.36		636,542.05		1,469,280.41
Curtailments											46,817.58		35,448.77		82,266.35
Prepayments In Full											42,218,212.80		26,284,280.83		68,502,493.63
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											-719,087.96		-544,498.13		-1,263,586.09
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											719,087.96		544,498.13		1,263,586.09
TOTAL PRINCIPAL COLLECTED											43,097,768.74		26,956,271.65		70,054,040.39


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 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										9,858,279.42		6,028,000.23		15,886,279.65
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										-134,050.84		-82,465.20		-216,516.04
Delinquent Interest										-8,423,427.71		-5,125,221.10		-13,548,648.81
Compensating Interest										134,050.84		82,465.20		#######
Civil Relief Act Shortfalls										-348.14		-158.47		-506.61
Interest Advanced										7,832,834.40		4,762,092.71		12,594,927.11
TOTAL INTEREST COLLECTED										9,267,337.96		5,664,713.39		14,932,051.35


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										507,151.38		481,100.82		988,252.20
Cap Contract Payment Amount														0.00
TOTAL INTEREST OTHER ACCOUNTS										507,151.38		481,100.82		988,252.20



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										103,157.59		64,126.99		167,284.58
Trustee Fees										1,246.57		769.06		2,015.63
Owner Trustee Fee
TOTAL INTEREST FEES										104,404.16		64,896.05		169,300.21




Page 5 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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														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														23.661971%
Credit Enhancement Percentage - Prior														23.045184%


Page 6 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										8,042		6,807		14,849
Prior										7,549		6,387		13,936
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-161		-139		-300
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										7,388		6,248		13,636
Principal Balance:


Original										1,789,472,468.48		1,111,012,651.34		2,900,485,119.81
Prior										1,662,092,202.14		1,025,412,871.32		2,687,505,073.46
Prefunding										0.00		0.00		0.00
Scheduled Principal										-832,738.36		-636,542.05		-1,469,280.41
Partial Prepayments										-46,817.58		-35,448.77		-82,266.35
Full Voluntary Prepayments										-42,218,212.80		-26,284,280.83		-68,502,493.63
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										1,618,994,433.40		998,456,599.67		2,617,451,033.07





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.16597%		7.07707%		7.13191%
Weighted Average Coupon Prior										7.12663%		7.05775%		7.10026%
Weighted Average Coupon Current										7.11750%		7.05291%		7.09285%
Weighted Average Months to Maturity Original										356		355		355
Weighted Average Months to Maturity Prior										351		351		351
Weighted Average Months to Maturity Current										350		350		350
Weighted Avg Remaining Amortization Term Original										356		355		355
Weighted Avg Remaining Amortization Term Prior										351		351		351
Weighted Avg Remaining Amortization Term Current										350		350		350
Weighted Average Seasoning Original										1.57		1.52		1.55
Weighted Average Seasoning Prior										5.56		5.52		5.54
Weighted Average Seasoning Current										6.56		6.52		6.55









Page 8 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.70097%		5.69394%		5.69833%
Weighted Average Margin Prior										5.69912%		5.69098%		5.69607%
Weighted Average Margin Current										5.69833%		5.68931%		5.69496%
Weighted Average Max Rate Original										14.20356%		14.06345%		14.15100%
Weighted Average Max Rate Prior										14.16303%		14.03892%		14.11647%
Weighted Average Max Rate Current										14.15339%		14.03371%		14.10867%
Weighted Average Min Rate Original										7.20761%		7.06799%		7.15524%
Weighted Average Min Rate Prior										7.16669%		7.04371%		7.12056%
Weighted Average Min Rate Current										7.15713%		7.03835%		7.11274%
Weighted Average Cap Up Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Up Prior										1.49817%		1.49760%		1.49796%
Weighted Average Cap Up Current										1.49813%		1.49768%		1.49796%
Weighted Average Cap Down Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Down Prior										1.49817%		1.49760%		1.49796%
Weighted Average Cap Down Current										1.49813%		1.49768%		1.49796%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										103,157.59		64,126.99		167,284.58
Delinquent Servicing Fees										589,380.83		363,128.37		952,509.20
TOTAL SERVICING FEES										692,538.42		427,255.38		1,119,793.78


Total Servicing Fees										692,538.42		427,255.38		1,119,793.78
Compensating Interest										-134,050.84		-82,465.20		-216,516.04
Delinquent Servicing Fees										-589,380.83		-363,128.37		-952,509.20
COLLECTED SERVICING FEES										-30,893.25		-18,338.19		-49,231.46


Total Advanced Interest										7,832,834.40		4,762,092.71		12,594,927.11
Total Advanced Principal										719,087.96		544,498.13		1,263,586.09
Aggregate Advances with respect to this Distribution										8,551,922.35		5,306,590.85		13,858,513.20





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										134,050.84		82,465.20		216,516.04
Compensating Interest										-134,050.84		-82,465.20		-216,516.04
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Current LIBOR Rate														4.193750%
Next LIBOR Rate														4.378750%




Page 9 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				41,475,995.95		14,634,322.93		7,540,962.41		63,651,281.29
			% Balance				1.58%		0.56%		0.29%		2.43%
			# Loans				239		91		46		376
			% # Loans				1.75%		0.67%		0.34%		2.76%
	FORECLOSURE		Balance		0.00		0.00		4,456,902.88		18,640,031.91		23,096,934.79
			% Balance		0.00%		0.00%		0.17%		0.71%		0.88%
			# Loans		0		0		26		103		129
			% # Loans		0.00%		0.00%		0.19%		0.76%		0.95%
	BANKRUPTCY		Balance		11,931,953.26		1,164,371.35		1,149,865.93		3,717,304.49		17,963,495.03
			% Balance		0.46%		0.04%		0.04%		0.14%		0.69%
			# Loans		79		7		7		18		111
			% # Loans		0.58%		0.05%		0.05%		0.13%		0.81%
	REO		Balance		0.00		0.00		0.00		382,598.25		382,598.25
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.01%		0.01%
	TOTAL		Balance		11,931,953.26		42,640,367.30		20,241,091.74		30,280,897.06		105,094,309.36
			% Balance		0.46%		1.63%		0.77%		1.16%		4.02%
			# Loans		79		246		124		169		618
			% # Loans		0.58%		1.80%		0.91%		1.24%		4.53%








Page 10 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,607,763.94		5,608,806.35		1,499,753.44		18,716,323.73
			% Balance				1.16%		0.56%		0.15%		1.87%
			# Loans				83		41		12		136
			% # Loans				1.33%		0.66%		0.19%		2.18%
	FORECLOSURE		Balance		0.00		0.00		1,174,798.62		4,395,273.56		5,570,072.18
			% Balance		0.00%		0.00%		0.12%		0.44%		0.56%
			# Loans		0		0		9		26		35
			% # Loans		0.00%		0.00%		0.14%		0.42%		0.56%
	BANKRUPTCY		Balance		4,977,705.99		712,446.23		547,908.47		1,042,121.81		7,280,182.50
			% Balance		0.50%		0.07%		0.05%		0.10%		0.73%
			# Loans		36		4		3		8		51
			% # Loans		0.58%		0.06%		0.05%		0.13%		0.82%
	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		4,977,705.99		12,320,210.17		7,331,513.44		6,937,148.81		31,566,578.41
			% Balance		0.50%		1.23%		0.73%		0.69%		3.16%
			# Loans		36		87		53		46		222
			% # Loans		0.58%		1.39%		0.85%		0.74%		3.55%










Page 11 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				29,868,232.01		9,025,516.58		6,041,208.97		44,934,957.56
			% Balance				1.84%		0.56%		0.37%		2.78%
			# Loans				156		50		34		240
			% # Loans				2.11%		0.68%		0.46%		3.25%
	FORECLOSURE		Balance		0.00		0.00		3,282,104.26		14,244,758.35		17,526,862.61
			% Balance		0.00%		0.00%		0.20%		0.88%		1.08%
			# Loans		0		0		17		77		94
			% # Loans		0.00%		0.00%		0.23%		1.04%		1.27%
	BANKRUPTCY		Balance		6,954,247.27		451,925.12		601,957.46		2,675,182.68		10,683,312.53
			% Balance		0.43%		0.03%		0.04%		0.17%		0.66%
			# Loans		43		3		4		10		60
			% # Loans		0.58%		0.04%		0.05%		0.14%		0.81%
	REO		Balance		0.00		0.00		0.00		382,598.25		382,598.25
			% Balance		0.00%		0.00%		0.00%		0.02%		0.02%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.03%		0.03%
	TOTAL		Balance		6,954,247.27		30,320,157.13		12,909,578.30		23,343,748.25		73,527,730.95
			% Balance		0.43%		1.87%		0.80%		1.44%		4.54%
			# Loans		43		159		71		123		396
			% # Loans		0.58%		2.15%		0.96%		1.66%		5.36%










Page 12 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								246		$42,640,367.30				1.63%

60-89 Days Delinquent								124		$20,241,091.74				0.77%

90 or more Days Delinquent								167		$29,898,298.81				1.14%

Aggregate								537		$92,779,757.85				3.54%

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


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							129			$23,096,934.79				0.88%

Loans in bankruptcy proceedings								111		$17,963,495.03				0.69%

REO Properties							2			$382,598.25				0.01%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							13,097			$2,524,288,676.97				96.44%

30							246			$42,640,367.30				1.63%

60							98			$15,784,188.86				0.60%

90							64
										$11,258,266.90				0.43%

FC							129			$23,096,934.79				0.88%

REO							2			$382,598.25				0.01%

Total							13,636			$2,617,451,033.07				100.00%

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

BK								111		$17,963,495.03				0.69%



Page 13 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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
1001471598 2
			270,000.00		268,679.99		01-May-2005		7.900%		GA - 90.00%		360		01-Jun-2005

1001804792 2			114,300.00		113,918.26		01-Jun-2005		9.000%		TX - 90.00%		360		01-Jul-2005


TOTAL			384,300.00		382,598.25


Page 14 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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
2109468 1
			149,200.00		148,448.42		01-Jun-2005		7.750%		NJ - 80.65%		360		01-Jun-2005

2114520 1			54,400.00		54,231.00		01-Jul-2005		9.350%		OH - 80.00%		360		01-Jul-2005
2115175 1			106,250.00		105,954.29		01-Aug-2005		9.875%		ID - 85.00%		360		01-Jul-2005
2115833 1			50,000.00		49,809.03		01-Aug-2005		8.905%		WA - 60.24%		360		01-Jul-2005
2117160 1			133,450.00		133,076.67		01-Jul-2005		9.850%		GA - 85.00%		360		01-Jul-2005
2117223 1			93,500.00		93,136.02		01-Jun-2005		8.250%		PA - 85.00%		360		01-Jul-2005
2119635 1			132,000.00		131,396.36		01-Jul-2005		7.450%		TX - 80.00%		360		01-Jul-2005
1000765167 1			220,391.55		219,722.55		01-Jul-2005		9.500%		CA - 70.00%		360		01-Jun-2005
1000884074 1			124,000.00		124,000.00		01-Jul-2005		5.250%		WA - 80.00%		360		01-May-2005
1001235443 1			148,000.00		147,646.53		01-Jun-2005		6.200%		CO - 80.00%		360		01-May-2005
1001269040 1			169,000.00		168,000.88		01-Aug-2005		6.950%		MA - 84.50%		360		01-Jun-2005
1001366079 1			95,200.00		95,199.94		01-Aug-2005		8.500%		FL - 85.00%		360		01-Jul-2005
1001380375 1			351,750.00		350,316.74		01-Jun-2005		8.800%		CA - 75.00%		360		01-Jun-2005
1001388055 1			301,750.00		299,790.46		01-Jul-2005		6.450%		NY - 85.00%		360		01-Jun-2005
1001485734 1			92,000.00		91,664.49		01-Jun-2005		7.650%		MN - 80.00%		360		01-Jul-2005
1001520517 1			103,200.00		102,614.78		01-Jun-2005		7.150%		TX - 80.00%		360		01-Jun-2005
1001609717 1			76,000.00		75,715.91		01-Jul-2005		8.450%		WI - 95.00%		360		01-Jul-2005
1001629731 1			148,000.00		148,000.00		01-Jul-2005		7.850%		SC - 80.00%		360		01-Jul-2005
1001687758 1			150,400.00		150,400.00		01-Aug-2005		6.450%		CO - 80.00%		360		01-Jul-2005
1001708021 1			126,000.00		126,000.00		01-Jun-2005		8.575%		NJ - 90.00%		360		01-Jun-2005
1001724771 1			124,800.00		124,106.00		01-Jul-2005		7.250%		AZ - 80.00%		360		01-Jun-2005
1001733075 1			344,000.00		343,999.93		01-Jul-2005		6.050%		CA - 80.00%		360		01-Jun-2005
1001736731 1			294,500.00		292,906.84		01-Jun-2005		7.750%		CA - 95.00%		360		01-Jun-2005
1001760428 1			100,000.00		98,672.64		01-Jul-2005		7.250%		CA - 48.78%		240		01-Jun-2005
1001800037 1			142,000.00		141,331.79		01-Aug-2005		7.300%		CT - 80.00%		360		01-Jul-2005
1001824388 1			67,800.00		67,622.25		01-Jun-2005		10.900%		CA - 20.00%		360		01-Jun-2005
1001827269 1			266,400.00		264,989.80		01-Jul-2005		7.500%		OH - 90.00%		360		01-Jun-2005
1001902882 1			304,000.00		303,900.46		01-Jul-2005		8.700%		OH - 95.00%		360		01-Jul-2005
1001920309 1			76,500.00		76,160.78		01-Aug-2005		7.600%		IL - 90.00%		360		01-Jul-2005
1001976561 1			120,000.00		119,518.54		01-Aug-2005		8.100%		CA - 77.42%		360		01-Jul-2005
1002037165 1			228,750.00		228,750.00		01-Jul-2005		6.350%		CA - 75.00%		360		01-Jul-2005
1002038949 1			201,000.00		200,081.81		01-Jul-2005		7.450%		CA - 62.81%		360		01-Jul-2005
1002104252 1			143,500.00		142,912.52		01-Jul-2005		8.000%		CA - 70.00%		360		01-Jul-2005
1002146010 1			270,000.00		268,423.37		01-Aug-2005		6.300%		NY - 77.14%		360		01-Jul-2005
1002160896 1			81,900.00		81,571.38		01-Jul-2005		8.100%		AR - 90.00%		360		01-Jul-2005
2103261 2			138,300.00		137,387.18		01-Aug-2005		6.365%		TX - 79.94%		360		01-Jun-2005
2105437 2			143,100.00		142,554.17		01-Jun-2005		8.350%		GA - 90.00%		360		01-Jun-2005
2119502 2			152,915.00		152,331.72		01-Jul-2005		8.350%		TX - 85.00%		360		01-Jul-2005
2128438 2			60,300.00		60,120.34		01-Jul-2005		9.550%		MO - 90.00%		360		01-Jul-2005
1000904775 2			123,360.29		122,854.83		01-Jun-2005		8.850%		MI - 95.00%		360		01-Apr-2005
1001093603 2			175,000.00		174,365.55		01-Jun-2005		8.600%		CO - 70.00%		360		01-Jul-2005
1001197859 2			272,000.00		270,814.94		01-Aug-2005		9.450%		MN - 80.00%		360		01-May-2005
1001252414 2			53,900.00		53,691.32		01-Jun-2005		9.050%		MI - 70.00%		360		01-Jun-2005
1001278129 2			152,000.00		152,000.00		01-Jul-2005		6.600%		NY - 80.00%		360		01-May-2005
1001281570 2			394,120.23		392,403.39		01-Aug-2005		7.725%		NY - 80.00%		360		01-Jun-2005
1001290114 2			139,500.00		138,831.56		01-Jun-2005		8.000%		MI - 90.00%		360		01-Jun-2005
1001367327 2			59,400.00		59,173.41		01-Jul-2005		8.350%		NY - 84.98%		360		01-Jul-2005
1001392825 2			297,500.00		296,399.30		01-Jul-2005		8.500%		NH - 85.00%		360		01-Jul-2005
1001415392 2			63,200.00		63,005.54		01-Jun-2005		10.150%		MI - 80.00%		360		01-Jun-2005


Page 15 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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
1001429706 2
			71,250.00		70,946.77		01-Jun-2005		9.100%		FL - 75.00%		360		01-Jun-2005

1001430534 2			188,100.00		187,180.36		01-Aug-2005		7.900%		CA - 90.00%		360		01-Jun-2005
1001432925 2			127,710.00		126,769.85		01-Jul-2005		8.475%		OH - 90.00%		360		01-Jun-2005
1001433201 2			193,500.00		192,475.65		01-Jun-2005		7.500%		CA - 90.00%		360		01-Jun-2005
1001441942 2			49,978.58		49,846.19		01-Jun-2005		10.150%		SC - 80.00%		360		01-Jun-2005
1001447018 2			88,300.00		88,019.95		01-Jun-2005		9.250%		WI - 81.76%		360		01-Jul-2005
1001490602 2			60,000.00		59,755.49		01-Jun-2005		8.800%		MI - 80.00%		360		01-Jun-2005
1001497598 2			52,000.00		51,830.45		01-Jun-2005		9.900%		MI - 80.00%		360		01-Jun-2005
1001502813 2			69,700.00		69,430.15		01-Jul-2005		9.050%		MN - 85.00%		360		01-Jun-2005
1001513703 2			472,000.00		471,999.93		01-Jul-2005		6.850%		CA - 80.00%		360		01-Jun-2005
1001519805 2			338,800.00		337,472.37		01-Jul-2005		8.990%		NY - 80.00%		360		01-Jun-2005
1001538063 2			340,000.00		338,874.04		01-Jun-2005		9.800%		WA - 80.00%		360		01-Jun-2005
1001555445 2			244,000.00		244,000.00		01-Jul-2005		6.500%		CA - 80.00%		360		01-Jun-2005
1001561456 2			118,150.00		117,720.17		01-May-2005		9.350%		SC - 85.00%		360		01-Jun-2005
1001592592 2			91,200.00		91,200.00		01-Jun-2005		6.050%		IL - 80.00%		360		01-Jun-2005
1001597695 2			84,000.00		83,741.79		01-Jun-2005		9.400%		CO - 80.00%		360		01-Jun-2005
1001629937 2			280,000.00		279,249.06		01-Jun-2005		10.050%		MO - 80.00%		360		01-Jul-2005
1001637394 2			280,000.00		278,458.21		01-Jul-2005		7.300%		GA - 80.00%		360		01-Jun-2005
1001645946 2			56,800.00		56,575.53		01-Jun-2005		8.950%		OH - 80.00%		360		01-Jun-2005
1001647427 2			285,000.00		285,000.00		01-Jun-2005		8.200%		NJ - 95.00%		360		01-Jun-2005
1001648505 2			489,600.00		489,600.00		01-Jun-2005		6.990%		CA - 80.00%		360		01-Jun-2005
1001662436 2			137,116.03		136,599.64		01-Jul-2005		8.450%		TX - 80.00%		360		01-Jun-2005
1001685019 2			52,650.00		52,444.06		01-Jun-2005		9.000%		IA - 90.00%		360		01-Jun-2005
1001694410 2			577,800.00		575,186.54		01-Jun-2005		7.500%		CO - 90.00%		360		01-Jul-2005
1001706979 2			98,000.00		97,669.33		01-Jul-2005		8.950%		FL - 59.39%		360		01-Jul-2005
1001723013 2			233,639.78		232,959.48		01-Jul-2005		9.700%		MO - 85.00%		360		01-Jun-2005
1001726083 2			118,800.00		118,382.28		01-Jul-2005		8.750%		CO - 90.00%		360		01-Jul-2005
1001741556 2			335,750.00		334,367.85		01-Aug-2005		8.750%		FL - 89.53%		360		01-Jun-2005
1001743251 2			153,000.00		152,301.07		01-Jun-2005		7.450%		MN - 85.00%		360		01-Jul-2005
1001752650 2			549,000.00		549,000.00		01-Jun-2005		8.650%		GA - 90.00%		360		01-Jul-2005
1001773174 2			84,000.00		83,707.65		01-Jul-2005		8.800%		MI - 75.00%		360		01-Jul-2005
1001781646 2			69,300.00		69,112.13		01-Jun-2005		8.000%		OK - 90.00%		360		01-Jul-2005
1001788131 2			156,885.00		156,455.27		01-Aug-2005		9.950%		FL - 76.53%		360		01-Jul-2005
1001792457 2			500,000.00		497,604.11		01-Jul-2005		8.000%		NY - 88.50%		360		01-Jun-2005
1001807842 2			97,200.00		96,998.18		01-Jun-2005		9.300%		AL - 80.00%		360		01-Jul-2005
1001810641 2			408,000.00		406,208.74		01-Jul-2005		7.650%		CA - 85.00%		360		01-Jul-2005
1001817868 2			63,750.00		63,558.07		01-Jul-2005		9.500%		KY - 85.00%		360		01-Jul-2005
1001830950 2			353,600.00		352,416.68		01-Jul-2005		8.990%		MD - 85.00%		360		01-Jul-2005
1001831307 2			293,000.00		291,836.24		01-Jul-2005		8.150%		NY - 84.93%		360		01-Jul-2005
1001832182 2			207,400.00		206,460.51		01-Jul-2005		7.500%		GA - 85.00%		360		01-Jul-2005
1001838818 2			161,500.00		160,949.40		01-Jul-2005		8.900%		FL - 85.00%		360		01-Jul-2005
1001846471 2			77,310.00		77,006.02		01-Jul-2005		8.200%		AL - 90.00%		360		01-Jul-2005
1001849405 2			102,000.00		101,484.84		01-Jun-2005		7.750%		MI - 85.00%		360		01-Jun-2005
1001850438 2			144,000.00		143,575.43		01-Jul-2005		9.600%		GA - 90.00%		360		01-Jul-2005
1001854461 2			84,600.00		84,250.19		01-Jul-2005		7.950%		NY - 90.00%		360		01-Jul-2005
1001866993 2			65,025.00		64,818.75		01-Aug-2005		9.250%		NC - 85.00%		360		01-Jul-2005
1001867885 2			234,400.00		234,400.00		01-Aug-2005		5.700%		NJ - 80.00%		360		01-Jun-2005
1001869525 2			665,000.00		664,999.94		01-Jul-2005		7.750%		FL - 95.00%		360		01-Jul-2005
1001879854 2			346,500.00		346,500.00		01-Jun-2005		8.800%		NJ - 90.00%		360		01-Jul-2005
1001884410 2			58,650.00		58,450.05		01-Jul-2005		8.900%		IN - 85.00%		360		01-Jul-2005
1001884919 2			120,400.00		119,949.99		01-Jul-2005		8.450%		FL - 70.00%		360		01-Jul-2005


Page 16 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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
1001885115 2
			196,200.00		195,404.81		01-Jun-2005		8.050%		MN - 90.00%		360		01-Jul-2005

1001903792 2			157,250.00		156,814.71		01-Aug-2005		9.900%		NE - 85.00%		360		01-Jul-2005
1001914094 2			260,000.00		258,940.56		01-Jun-2005		8.800%		NJ - 89.69%		360		01-Jun-2005
1001918606 2			340,000.00		338,286.59		01-Aug-2005		6.950%		NY - 80.00%		360		01-Jul-2005
1001918982 2			374,000.00		372,839.18		01-Jun-2005		8.450%		NY - 85.00%		360		01-Jul-2005
1001948735 2			99,000.00		98,606.78		01-Jun-2005		8.150%		MI - 90.00%		360		01-Jul-2005
1001950302 2			62,900.00		62,626.54		01-Jul-2005		7.700%		OH - 85.00%		360		01-Jul-2005
1001957074 2			168,000.00		168,000.00		01-Jul-2005		7.025%		NM - 80.00%		360		01-Jun-2005
1001967900 2			71,400.00		71,116.38		01-Aug-2005		8.150%		OH - 85.00%		360		01-Jul-2005
1001974714 2			364,000.00		362,509.91		01-Aug-2005		8.000%		CA - 62.76%		360		01-Jul-2005
1001976721 2			51,300.00		51,157.99		01-Jun-2005		9.900%		MO - 90.00%		360		01-Jul-2005
1001989423 2			92,000.00		91,659.55		01-Jul-2005		8.500%		MI - 80.00%		360		01-Jul-2005
1002007296 2			68,000.00		67,760.92		01-Jul-2005		8.750%		SC - 85.00%		360		01-Jul-2005
1002010460 2			624,000.00		624,000.00		01-Jul-2005		7.200%		CA - 80.00%		360		01-Jul-2005
1002019130 2			114,750.00		114,422.18		01-Jun-2005		9.750%		TN - 85.00%		360		01-Jul-2005
1002031606 2			100,300.00		99,991.70		01-Aug-2005		9.400%		MI - 85.00%		360		01-Jul-2005
1002036816 2			75,650.00		75,415.00		01-Jun-2005		9.350%		KY - 85.00%		360		01-Jul-2005
1002069040 2			62,320.00		62,084.67		01-Jun-2005		8.400%		IN - 80.00%		360		01-Jul-2005
1002092906 2			199,750.00		198,972.47		01-Aug-2005		8.250%		CO - 85.00%		360		01-Jul-2005
1002105983 2			384,750.00		382,921.68		01-Jul-2005		7.250%		CA - 95.00%		360		01-Jul-2005
1002108294 2			209,000.00		208,370.82		01-Jul-2005		9.500%		RI - 95.00%		360		01-Jul-2005
1002113180 2			57,800.00		57,651.41		01-Jun-2005		10.250%		OH - 85.00%		360		01-Jul-2005
1002118390 2			80,700.00		80,405.89		01-Jul-2005		8.650%		OH - 84.95%		360		01-Jul-2005
1002119399 2			76,500.00		76,241.86		01-Jun-2005		8.950%		OH - 90.00%		360		01-Jul-2005
1002120840 2			68,000.00		67,400.28		01-Aug-2005		8.813%		OH - 85.00%		360		01-Jul-2005
1002133122 2			75,650.00		75,433.83		01-Aug-2005		9.750%		OH - 85.00%		360		01-Jul-2005
1002146412 2			180,000.00		179,395.77		01-Jul-2005		8.975%		GA - 90.00%		360		01-Jul-2005
1002181427 2			79,200.00		78,948.83		01-Jun-2005		9.250%		OH - 90.00%		360		01-Jul-2005
1002203699 2			126,000.00		133,750.65		01-Aug-2005		9.300%		GA - 90.00%		360		01-Jul-2005


TOTAL			23,161,021.46		23,096,934.79


Page 17 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										161		139		300
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										161		139		300
Curtailments Amount										46,817.58		35,448.77		82,266.35
Paid in Full Balance										42,218,212.80		26,284,280.83		68,502,493.63
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										42,265,030.38		26,319,729.60		68,584,759.98

Cumulative


Number of Paid in Full Loans										627		543		1,170
Number of Repurchased Loans										26		16		42
Total Number of Loans Prepaid in Full										653		559		1,212
Paid in Full Balance										159,765,653.26		106,118,983.43		265,884,636.69
Repurchased Loans Balance										4,775,125.14		2,185,883.89		6,961,009.03
Curtailments Amount										661,840.58		295,264.38		957,104.96
Total Prepayment Amount										165,202,618.98		108,600,131.70		273,802,750.68










Page 18 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										2.54%		2.57%		2.55%
3 Months Avg SMM										2.08%		2.43%		2.21%
12 Months Avg SMM										1.61%		1.70%		1.64%
Avg SMM Since Cut-off										1.61%		1.70%		1.64%


CPR										26.60%		26.82%		26.68%
3 Months Avg CPR										22.25%		25.57%		23.54%
12 Months Avg CPR										17.66%		18.64%		18.03%
Avg CPR Since Cut-off										17.66%		18.64%		18.03%


PSA										2,026.96%		2,057.08%		2,038.41%
3 Months Avg PSA Approximation										2,000.00%		2,317.42%		2,122.43%
12 Months Avg PSA Approximation										2,172.53%		2,319.27%		2,228.41%
Avg PSA Since Cut-off Approximation										2,172.53%		2,319.26%		2,228.41%










Page 19 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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 20 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

2064457 2			110,000.00		109,332.23			11-Nov-2005		6.800%		MA - 47.21%		Paid Off - 360		01-May-2005

2064629 2			50,000.00		49,629.25			22-Nov-2005		5.750%		PA - 41.67%		Paid Off - 360		01-May-2005
2068976 2			132,000.00		131,245.86			16-Nov-2005		6.300%		HI - 38.82%		Paid Off - 360		01-Jun-2005
2077271 1			115,000.00		114,526.94			28-Nov-2005		7.150%		FL - 52.27%		Paid Off - 360		01-Jul-2005
2084150 2			176,600.00		168,844.14			14-Nov-2005		5.850%		MS - 65.41%		Paid Off - 120		01-May-2005
2087468 1			225,000.00		224,999.01			16-Nov-2005		5.450%		CA - 48.91%		Paid Off - 360		01-Jun-2005
2096792 2			163,210.00		161,748.47			22-Nov-2005		5.990%		HI - 95.00%		Paid Off - 360		01-Jun-2005
2099746 2			60,000.00		59,697.62			09-Nov-2005		6.950%		NJ - 21.05%		Paid Off - 360		01-Jun-2005
2100713 2			154,000.00		153,086.01			29-Nov-2005		6.100%		AZ - 70.00%		Paid Off - 360		01-Jun-2005
2107092 2			75,001.00		74,660.99			29-Nov-2005		7.800%		KY - 65.22%		Paid Off - 360		01-Jun-2005
2107843 1			152,000.00		152,000.00			02-Nov-2005		5.800%		AZ - 82.16%		Paid Off - 360		01-Jul-2005
2107857 2			500,000.00		498,159.51			07-Nov-2005		8.525%		CA - 71.43%		Paid Off - 360		01-Jun-2005
2108164 1			144,000.00		143,275.99			16-Nov-2005		6.000%		SC - 80.00%		Paid Off - 360		01-Jul-2005
2108502 1			123,750.00		123,448.34			10-Nov-2005		10.500%		WI - 75.00%		Paid Off - 360		01-Jun-2005
2113384 1			295,000.00		295,000.00			10-Nov-2005		5.250%		FL - 63.44%		Paid Off - 360		01-Jun-2005
2115371 1			188,000.00		187,631.88			17-Nov-2005		10.650%		IL - 80.00%		Paid Off - 360		01-Jul-2005
2115986 1			95,500.00		95,161.99			16-Nov-2005		7.800%		AZ - 75.20%		Paid Off - 360		01-Jul-2005
2117577 1			136,000.00		135,971.43			07-Nov-2005		6.990%		VA - 80.00%		Paid Off - 360		01-Jul-2005
2118811 1			204,300.00		203,639.60			30-Nov-2005		8.250%		WA - 90.00%		Paid Off - 360		01-Jul-2005
2122297 1			186,150.00		184,699.11			30-Nov-2005		5.800%		MA - 51.00%		Paid Off - 360		01-Jul-2005
2123057 1			251,200.00		250,596.67			01-Nov-2005		9.850%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
2124034 1			105,000.00		104,646.57			21-Nov-2005		8.050%		AZ - 75.00%		Paid Off - 360		01-Jul-2005
2125163 2			108,750.00		108,442.17			30-Nov-2005		8.900%		MD - 75.00%		Paid Off - 360		01-Jul-2005
2128136 2			112,000.00		111,615.34			10-Nov-2005		7.950%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
2128160 2			141,800.00		140,994.61			29-Nov-2005		5.350%		NV - 59.58%		Paid Off - 360		01-Jul-2005
2128537 2			118,575.00		118,198.53			21-Nov-2005		8.350%		VA - 85.00%		Paid Off - 360		01-Jul-2005
2129656 2			97,500.00		97,248.60			30-Nov-2005		9.350%		GA - 75.00%		Paid Off - 360		01-Jul-2005
1000731408 2			254,610.00		253,176.12			01-Nov-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1000870631 1			125,000.00		124,338.31			23-Nov-2005		7.500%		HI - 80.00%		Paid Off - 360		01-May-2005
1000911277 2			222,917.26		222,193.13			09-Nov-2005		8.300%		NY - 90.00%		Paid Off - 360		01-May-2005
1000985107 2			201,600.00		200,960.13			02-Nov-2005		8.350%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1001079898 2			112,000.00		110,925.21			15-Nov-2005		6.150%		CA - 70.00%		Paid Off - 360		01-May-2005
1001127480 2			74,976.55		74,805.99			02-Nov-2005		11.600%		FL - 20.00%		Paid Off - 360		01-Apr-2005
1001199777 1			53,292.00		53,127.55			23-Nov-2005		10.150%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001200916 2			510,000.00		505,816.50			30-Nov-2005		5.990%		CA - 85.00%		Paid Off - 360		01-May-2005
1001212280 2			170,000.00		169,200.04			04-Nov-2005		7.300%		NJ - 82.93%		Paid Off - 360		01-Jun-2005
1001217472 2			359,600.00		359,599.96			30-Nov-2005		7.700%		MA - 77.33%		Paid Off - 360		01-Jul-2005
1001223553 2			260,560.00		260,560.00			14-Nov-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001233588 2			134,500.00		133,512.02			04-Nov-2005		5.800%		MD - 56.99%		Paid Off - 360		01-May-2005
1001239797 1			210,000.00		209,182.60			07-Nov-2005		8.250%		CA - 70.00%		Paid Off - 360		01-Jun-2005
1001243951 2			584,000.00		583,999.94			08-Nov-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jun-2005


Page 21 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1001245584 1			140,600.00		139,777.35			29-Nov-2005		6.990%		AZ - 95.00%		Paid Off - 360		01-May-2005

1001248803 2			396,000.00		396,000.00			02-Nov-2005		4.990%		CA - 78.57%		Paid Off - 360		01-May-2005
1001259499 2			142,500.00		141,592.20			02-Nov-2005		6.550%		FL - 95.00%		Paid Off - 360		01-May-2005
1001276050 2			155,000.00		154,300.77			22-Nov-2005		8.300%		OH - 83.78%		Paid Off - 360		01-May-2005
1001310735 2			228,000.00		227,999.26			03-Nov-2005		6.575%		MA - 80.00%		Paid Off - 360		01-Jun-2005
1001312868 2			296,800.00		296,799.93			16-Nov-2005		7.000%		CA - 80.00%		Paid Off - 360		01-May-2005
1001323231 2			531,200.00		531,199.93			30-Nov-2005		5.900%		CA - 80.00%		Paid Off - 360		01-May-2005
1001335825 2			261,000.00		259,465.67			07-Nov-2005		6.150%		CA - 35.51%		Paid Off - 360		01-Jun-2005
1001336049 1			233,750.00		231,420.15			11-Nov-2005		6.750%		CA - 85.00%		Paid Off - 360		01-May-2005
1001364776 1			111,000.00		110,507.25			23-Nov-2005		6.650%		FL - 54.15%		Paid Off - 360		01-Jul-2005
1001385316 1			79,401.00		78,950.82			30-Nov-2005		6.650%		ID - 79.88%		Paid Off - 360		01-Jun-2005
1001390060 1			240,000.00		238,148.25			11-Nov-2005		5.750%		CA - 80.00%		Paid Off - 360		01-May-2005
1001404493 1			234,000.00		232,411.16			01-Nov-2005		6.650%		MD - 90.00%		Paid Off - 360		01-May-2005
1001421269 2			270,000.00		269,041.01			01-Nov-2005		8.700%		MO - 75.00%		Paid Off - 360		01-Jun-2005
1001422268 2			334,800.00		333,391.06			29-Nov-2005		7.863%		NY - 90.00%		Paid Off - 360		01-Jun-2005
1001423579 2			357,115.05		354,866.82			14-Nov-2005		5.850%		CA - 85.00%		Paid Off - 360		01-Apr-2005
1001426228 2			185,250.00		184,571.51			23-Nov-2005		8.550%		FL - 68.11%		Paid Off - 360		01-Jun-2005
1001427307 1			255,000.00		254,846.71			02-Nov-2005		7.150%		NH - 89.47%		Paid Off - 360		01-May-2005
1001438698 2			140,000.00		139,409.38			10-Nov-2005		7.850%		IL - 71.07%		Paid Off - 360		01-Jun-2005
1001441595 2			409,500.00		409,500.00			18-Nov-2005		5.750%		CA - 90.00%		Paid Off - 360		01-May-2005
1001450432 1			255,000.00		254,529.41			29-Nov-2005		7.250%		IL - 63.59%		Paid Off - 360		01-Jun-2005
1001452984 1			300,000.00		298,048.51			23-Nov-2005		5.750%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001454802 1			259,250.00		257,891.18			11-Nov-2005		7.550%		CA - 85.00%		Paid Off - 360		01-May-2005
1001455222 1			304,000.00		301,948.12			04-Nov-2005		6.250%		CA - 80.00%		Paid Off - 360		01-May-2005
1001455552 1			142,000.00		141,204.04			03-Nov-2005		6.400%		CA - 39.44%		Paid Off - 360		01-Jun-2005
1001458620 2			263,500.00		263,500.00			16-Nov-2005		6.000%		NY - 78.66%		Paid Off - 360		01-May-2005
1001466103 1			105,000.00		104,515.40			02-Nov-2005		7.400%		MD - 68.18%		Paid Off - 360		01-Jun-2005
1001471678 2			171,000.00		170,367.29			28-Nov-2005		8.500%		CO - 90.00%		Paid Off - 360		01-Jun-2005
1001473042 1			290,000.00		288,405.55			21-Nov-2005		6.500%		CA - 81.69%		Paid Off - 360		01-Jun-2005
1001479625 1			204,000.00		203,189.74			04-Nov-2005		8.150%		MD - 80.00%		Paid Off - 360		01-Jun-2005
1001479956 1			253,000.00		252,205.95			08-Nov-2005		9.300%		CA - 67.47%		Paid Off - 360		01-Jun-2005
1001489491 2			346,500.00		346,398.57			16-Nov-2005		8.500%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
1001512857 2			341,400.00		339,809.32			29-Nov-2005		7.350%		IL - 95.00%		Paid Off - 360		01-Jun-2005
1001513909 1			89,680.00		89,401.41			08-Nov-2005		9.350%		GA - 95.00%		Paid Off - 360		01-Jun-2005
1001514935 2			450,000.00		447,903.34			30-Nov-2005		7.350%		CA - 66.67%		Paid Off - 360		01-Jun-2005
1001519985 1			125,400.00		124,959.12			04-Nov-2005		8.750%		FL - 95.00%		Paid Off - 360		01-Jun-2005
1001526780 2			320,000.00		320,000.00			11-Nov-2005		5.700%		NJ - 72.23%		Paid Off - 360		01-Jun-2005
1001527887 2			295,200.00		295,199.82			10-Nov-2005		7.750%		NY - 80.00%		Paid Off - 360		01-Jun-2005
1001534771 2			463,641.62		461,816.74			03-Nov-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001539400 1			119,822.00		119,821.95			02-Nov-2005		7.600%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1001539847 1			195,000.00		194,135.31			28-Nov-2005		7.600%		CA - 60.56%		Paid Off - 360		01-Jun-2005
1001558111 2			360,000.00		359,998.97			29-Nov-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001558184 2			90,000.00		89,768.60			29-Nov-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Jun-2005


Page 22 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1001561474 2			511,150.00		508,339.65			03-Nov-2005		6.500%		MD - 89.99%		Paid Off - 360		01-Jun-2005

1001563766 2			161,500.00		160,932.18			17-Nov-2005		8.750%		NV - 85.00%		Paid Off - 360		01-Jun-2005
1001568752 1			198,900.00		197,887.85			11-Nov-2005		6.900%		CA - 88.40%		Paid Off - 360		01-Jun-2005
1001570687 2			208,000.00		207,422.14			23-Nov-2005		8.990%		ME - 83.20%		Paid Off - 360		01-Jul-2005
1001572275 1			297,000.00		297,000.00			16-Nov-2005		6.500%		MD - 90.00%		Paid Off - 360		01-Jun-2005
1001574166 1			81,000.00		80,510.07			30-Nov-2005		6.000%		FL - 60.00%		Paid Off - 360		01-Jun-2005
1001574898 1			320,000.00		318,154.33			02-Nov-2005		6.250%		CA - 77.11%		Paid Off - 360		01-Jun-2005
1001592119 2			193,500.00		192,783.38			29-Nov-2005		8.495%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
1001594518 1			91,945.97		91,669.90			07-Nov-2005		8.650%		IL - 100.00%		Paid Off - 360		01-Jun-2005
1001594812 1			145,000.00		144,121.33			22-Nov-2005		5.990%		NV - 72.50%		Paid Off - 360		01-Jun-2005
1001597310 2			570,000.00		567,237.72			04-Nov-2005		7.150%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001599201 2			450,000.00		450,000.00			16-Nov-2005		6.700%		FL - 71.43%		Paid Off - 360		01-Jun-2005
1001600510 1			320,000.00		318,297.46			23-Nov-2005		5.700%		CA - 57.87%		Paid Off - 360		01-Jul-2005
1001609959 2			215,000.00		215,000.00			29-Nov-2005		6.800%		NJ - 50.95%		Paid Off - 360		01-Jun-2005
1001610402 1			226,100.00		226,100.00			03-Nov-2005		7.150%		NJ - 95.00%		Paid Off - 360		01-Jul-2005
1001611205 2			544,000.00		541,861.08			07-Nov-2005		8.200%		MD - 80.00%		Paid Off - 360		01-Jun-2005
1001614266 1			228,000.00		226,970.99			04-Nov-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001618887 2			195,500.00		194,671.08			02-Nov-2005		7.825%		IL - 85.00%		Paid Off - 360		01-Jun-2005
1001624898 1			306,000.00		306,000.00			01-Nov-2005		6.650%		CA - 83.84%		Paid Off - 360		01-Jun-2005
1001627948 1			86,450.00		85,956.14			18-Nov-2005		6.300%		FL - 65.00%		Paid Off - 360		01-Jun-2005
1001628153 2			260,000.00		259,999.95			17-Nov-2005		7.550%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001628554 1			180,000.00		179,323.65			28-Nov-2005		7.500%		NJ - 60.00%		Paid Off - 360		01-Jul-2005
1001632013 2			496,533.00		494,106.82			03-Nov-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001633744 2			104,000.00		103,670.58			11-Nov-2005		8.350%		NJ - 77.61%		Paid Off - 360		01-Jul-2005
1001635289 2			52,000.00		51,400.12			04-Nov-2005		12.700%		FL - 20.00%		Paid Off - 180		01-Jun-2005
1001638099 1			279,000.00		277,725.50			14-Nov-2005		7.450%		FL - 93.00%		Paid Off - 360		01-Jun-2005
1001639089 1			168,000.00		167,031.01			09-Nov-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001640344 1			56,000.00		55,836.61			30-Nov-2005		9.650%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001646151 2			153,000.00		152,454.10			02-Nov-2005		8.950%		IL - 89.47%		Paid Off - 360		01-Jun-2005
1001650350 1			235,200.00		234,669.15			28-Nov-2005		9.990%		CA - 61.89%		Paid Off - 360		01-Jul-2005
1001653892 2			540,000.00		538,499.79			16-Nov-2005		8.990%		NJ - 100.00%		Paid Off - 360		01-Jul-2005
1001659690 1			512,000.00		511,999.98			29-Nov-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001660410 2			198,000.00		197,156.29			02-Nov-2005		7.800%		HI - 90.00%		Paid Off - 360		01-Jun-2005
1001663275 2			214,200.00		213,323.19			01-Nov-2005		8.000%		MA - 85.00%		Paid Off - 360		01-Jun-2005
1001665139 1			238,500.00		237,782.05			28-Nov-2005		9.500%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001666566 1			141,000.00		140,480.62			#######		7.600%		CA - 48.62%		Paid Off - 360		01-Jul-2005
1001673549 1			224,100.00		223,135.54			15-Nov-2005		7.750%		RI - 88.58%		Paid Off - 360		01-Jun-2005
1001687277 2			164,500.00		164,074.88			16-Nov-2005		9.350%		IL - 70.00%		Paid Off - 360		01-Jul-2005
1001687945 1			76,500.00		76,259.86			30-Nov-2005		9.300%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001688301 1			288,000.00		286,576.69			17-Nov-2005		7.050%		MA - 80.00%		Paid Off - 360		01-Jun-2005
1001694973 1			123,750.00		123,328.37			07-Nov-2005		7.990%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1001706915 2			365,500.00		364,146.78			30-Nov-2005		8.600%		CA - 84.02%		Paid Off - 360		01-Jun-2005
1001709654 2			125,800.00		125,258.57			30-Nov-2005		7.750%		AZ - 85.00%		Paid Off - 360		01-Jun-2005


Page 23 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1001710287 1			277,500.00		276,314.38			01-Nov-2005		7.100%		MA - 79.29%		Paid Off - 360		01-Jul-2005

1001720347 1			216,000.00		215,220.11			30-Nov-2005		7.700%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001723059 2			100,800.00		100,439.26			02-Nov-2005		8.663%		GA - 90.00%		Paid Off - 360		01-Jun-2005
1001727974 1			177,600.00		177,031.69			28-Nov-2005		8.300%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001733486 2			89,250.00		89,047.12			28-Nov-2005		9.950%		OH - 85.00%		Paid Off - 360		01-Jul-2005
1001734911 1			144,000.00		143,448.09			21-Nov-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001736456 1			185,250.00		184,692.27			03-Nov-2005		9.500%		AZ - 95.00%		Paid Off - 360		01-Jun-2005
1001736508 1			216,000.00		214,705.85			21-Nov-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001741155 2			171,000.00		171,000.00			01-Nov-2005		7.900%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001742412 2			468,000.00		468,000.00			14-Nov-2005		7.700%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001743368 2			309,483.00		309,371.58			14-Nov-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001744027 2			307,500.00		59,339.85			08-Nov-2005		7.850%		IL - 75.00%		Paid Off - 360		01-Jun-2005
1001745776 1			225,000.00		224,150.35			18-Nov-2005		7.475%		ME - 75.00%		Paid Off - 360		01-Jul-2005
1001750359 2			395,000.00		394,898.62			16-Nov-2005		6.625%		CA - 89.77%		Paid Off - 360		01-Jul-2005
1001760099 1			105,000.00		104,475.00			08-Nov-2005		6.990%		CA - 46.67%		Paid Off - 360		01-Jun-2005
1001760295 2			356,000.00		355,999.95			08-Nov-2005		5.990%		MD - 80.00%		Paid Off - 360		01-Jun-2005
1001764585 2			586,000.00		585,999.94			03-Nov-2005		7.750%		CA - 79.96%		Paid Off - 360		01-Jun-2005
1001767494 1			228,000.00		228,000.00			02-Nov-2005		6.150%		FL - 73.55%		Paid Off - 360		01-Jun-2005
1001768938 2			326,033.00		326,033.00			29-Nov-2005		6.680%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001771443 1			333,000.00		331,685.35			04-Nov-2005		7.250%		NY - 74.83%		Paid Off - 360		01-Jul-2005
1001777152 2			526,500.00		524,664.35			21-Nov-2005		7.875%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001777875 1			75,000.00		74,648.10			23-Nov-2005		6.400%		IL - 53.19%		Paid Off - 360		01-Jul-2005
1001784466 2			131,750.00		131,349.25			23-Nov-2005		9.450%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
1001785866 1			116,000.00		115,495.73			16-Nov-2005		7.700%		CA - 82.86%		Paid Off - 360		01-Jun-2005
1001786776 2			208,000.00		207,049.54			07-Nov-2005		6.500%		HI - 80.00%		Paid Off - 360		01-Jul-2005
1001791626 2			105,300.00		105,052.43			03-Nov-2005		11.800%		VA - 15.00%		Paid Off - 360		01-Jun-2005
1001793795 1			129,000.00		129,000.00			23-Nov-2005		6.400%		CA - 69.73%		Paid Off - 360		01-Jul-2005
1001794730 2			604,000.00		604,000.00			16-Nov-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001795784 2			93,000.00		92,773.33			02-Nov-2005		10.500%		CA - 18.98%		Paid Off - 360		01-Jun-2005
1001796587 2			445,500.00		445,499.27			23-Nov-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001797078 1			177,750.00		176,954.39			21-Nov-2005		6.850%		OR - 75.00%		Paid Off - 360		01-Jul-2005
1001797988 2			549,000.00		549,000.00			28-Nov-2005		7.950%		MD - 90.00%		Paid Off - 360		01-Jun-2005
1001801296 2			148,750.00		148,311.48			04-Nov-2005		9.600%		MD - 85.00%		Paid Off - 360		01-Jun-2005
1001804186 1			267,992.00		266,680.45			10-Nov-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001807619 1			64,700.00		64,524.65			18-Nov-2005		10.000%		IL - 20.00%		Paid Off - 360		01-Jun-2005
1001814282 2			157,500.00		156,828.67			11-Nov-2005		7.800%		MA - 75.00%		Paid Off - 360		01-Jun-2005
1001814656 2			510,450.00		508,454.57			16-Nov-2005		7.300%		NY - 83.00%		Paid Off - 360		01-Jul-2005
1001820596 2			86,814.00		86,613.41			22-Nov-2005		10.750%		CA - 20.00%		Paid Off - 360		01-Jun-2005
1001821522 1			243,750.00		242,729.33			21-Nov-2005		6.950%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1001823968 1			103,920.00		103,449.92			01-Nov-2005		7.500%		UT - 80.00%		Paid Off - 360		01-Jun-2005
1001827973 2			104,000.00		103,808.67			23-Nov-2005		11.800%		AZ - 20.00%		Paid Off - 360		01-Jun-2005
1001830923 2			348,000.00		346,994.56			29-Nov-2005		8.800%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001837105 2			393,750.00		393,750.00			09-Nov-2005		6.600%		CA - 75.00%		Paid Off - 360		01-Jul-2005


Page 24 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1001837604 2			168,210.00		168,149.48			16-Nov-2005		8.400%		FL - 90.00%		Paid Off - 360		01-Jun-2005

1001843296 2			208,000.00		207,154.24			02-Nov-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001846514 1			498,000.00		498,000.00			28-Nov-2005		7.400%		HI - 93.08%		Paid Off - 360		01-Jul-2005
1001848754 2			125,600.00		125,223.83			22-Nov-2005		8.625%		SC - 89.08%		Paid Off - 360		01-Jul-2005
1001850072 1			69,600.00		69,600.00			21-Nov-2005		7.750%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001851053 2			320,000.00		319,999.94			03-Nov-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001851543 2			60,000.00		59,828.54			02-Nov-2005		9.750%		CA - 15.00%		Paid Off - 360		01-Jun-2005
1001851552 2			320,450.00		319,231.15			28-Nov-2005		8.050%		MD - 85.00%		Paid Off - 360		01-Jul-2005
1001852034 2			221,960.00		220,836.60			29-Nov-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001852249 1			55,490.00		55,319.89			29-Nov-2005		8.990%		CA - 20.00%		Paid Off - 360		01-Jul-2005
1001856192 1			216,973.00		216,124.80			04-Nov-2005		7.750%		AZ - 77.49%		Paid Off - 360		01-Jul-2005
1001859625 1			340,000.00		339,027.71			28-Nov-2005		8.850%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001860962 1			324,000.00		322,490.80			15-Nov-2005		6.400%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001863175 1			162,000.00		161,250.64			16-Nov-2005		6.450%		CA - 50.63%		Paid Off - 360		01-Jul-2005
1001863479 2			159,920.00		159,218.97			21-Nov-2005		6.750%		MD - 80.00%		Paid Off - 360		01-Jul-2005
1001864753 2			476,250.00		474,620.41			07-Nov-2005		8.850%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1001866270 2			103,700.00		103,368.14			03-Nov-2005		8.300%		DE - 85.00%		Paid Off - 360		01-Jul-2005
1001868660 2			123,250.00		122,818.09			30-Nov-2005		7.850%		VA - 85.00%		Paid Off - 360		01-Jul-2005
1001871371 1			257,250.00		256,040.11			01-Nov-2005		6.350%		CA - 41.16%		Paid Off - 360		01-Jul-2005
1001873093 2			464,000.00		463,953.18			22-Nov-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001873271 1			66,000.00		65,829.82			16-Nov-2005		9.350%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1001873351 2			225,890.00		225,889.96			01-Nov-2005		6.300%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1001873636 2			116,000.00		115,630.41			23-Nov-2005		8.990%		CA - 20.00%		Paid Off - 360		01-Jul-2005
1001874500 1			306,000.00		304,850.22			17-Nov-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1001875457 2			412,500.00		410,865.33			23-Nov-2005		7.250%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1001879630 2			157,500.00		156,893.06			28-Nov-2005		8.300%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001882662 1			282,000.00		280,842.02			30-Nov-2005		7.050%		CA - 82.94%		Paid Off - 360		01-Jul-2005
1001883000 2			407,000.00		405,309.05			11-Nov-2005		6.990%		NY - 67.83%		Paid Off - 360		01-Jul-2005
1001886926 2			165,750.00		165,175.02			30-Nov-2005		7.900%		MA - 85.00%		Paid Off - 360		01-Jul-2005
1001889727 1			131,000.00		130,477.67			02-Nov-2005		7.200%		CA - 74.86%		Paid Off - 360		01-Jul-2005
1001890706 2			216,000.00		215,460.28			11-Nov-2005		9.500%		GA - 100.00%		Paid Off - 360		01-Jul-2005
1001895391 1			115,920.00		115,480.07			14-Nov-2005		7.450%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
1001900928 2			356,250.00		355,359.84			18-Nov-2005		9.500%		MD - 75.00%		Paid Off - 360		01-Jul-2005
1001904176 1			161,100.00		160,538.32			30-Nov-2005		7.875%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001905460 2			391,500.00		389,711.10			10-Nov-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001906673 2			308,800.00		307,368.30			04-Nov-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001908635 2			315,000.00		314,196.30			21-Nov-2005		9.400%		OR - 90.00%		Paid Off - 360		01-Jul-2005
1001910230 1			110,000.00		109,614.55			03-Nov-2005		7.850%		CA - 51.16%		Paid Off - 360		01-Jul-2005
1001911266 1			75,000.00		74,699.47			02-Nov-2005		7.175%		IA - 78.95%		Paid Off - 360		01-Jul-2005
1001912568 1			32,900.00		32,825.84			14-Nov-2005		9.990%		AZ - 20.00%		Paid Off - 360		01-Jul-2005
1001913558 2			235,000.00		234,165.65			16-Nov-2005		7.850%		MD - 78.33%		Paid Off - 360		01-Jul-2005
1001918125 2			187,000.00		186,177.93			10-Nov-2005		6.700%		IL - 85.00%		Paid Off - 360		01-Jul-2005
1001920425 2			124,500.00		124,237.25			16-Nov-2005		10.300%		TX - 75.00%		Paid Off - 360		01-Jul-2005


Page 25 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1001922897 2			420,000.00		418,483.46			16-Nov-2005		7.700%		CA - 60.00%		Paid Off - 360		01-Jul-2005

1001922904 2			202,500.00		201,765.95			16-Nov-2005		8.450%		MD - 90.00%		Paid Off - 360		01-Jul-2005
1001926161 1			108,400.00		108,012.44			23-Nov-2005		7.750%		OR - 80.00%		Paid Off - 360		01-Jul-2005
1001930520 1			144,000.00		143,437.04			09-Nov-2005		7.300%		MI - 80.00%		Paid Off - 360		01-Jul-2005
1001931404 1			163,800.00		163,177.52			22-Nov-2005		7.450%		FL - 70.00%		Paid Off - 360		01-Jul-2005
1001938005 1			174,800.00		174,272.75			10-Nov-2005		8.600%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1001938149 1			88,000.00		87,657.94			02-Nov-2005		7.350%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001939941 2			218,700.00		218,000.17			09-Nov-2005		8.300%		NY - 90.00%		Paid Off - 360		01-Jul-2005
1001941616 1			315,000.00		313,991.80			22-Nov-2005		8.300%		CA - 88.73%		Paid Off - 360		01-Jul-2005
1001945612 1			298,000.00		296,934.69			18-Nov-2005		7.750%		NY - 88.96%		Paid Off - 360		01-Jul-2005
1001946005 1			70,680.00		70,459.49			18-Nov-2005		8.425%		FL - 95.00%		Paid Off - 360		01-Jul-2005
1001949422 2			389,700.00		389,700.00			07-Nov-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001950687 1			88,650.00		88,316.87			22-Nov-2005		7.500%		NE - 90.00%		Paid Off - 360		01-Jul-2005
1001952603 2			91,500.00		91,236.28			10-Nov-2005		8.850%		GA - 75.00%		Paid Off - 360		01-Jul-2005
1001954460 1			228,650.00		228,650.00			07-Nov-2005		8.000%		NJ - 85.00%		Paid Off - 360		01-Jul-2005
1001954674 1			165,600.00		165,600.00			29-Nov-2005		5.450%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1001955762 1			41,400.00		41,304.89			29-Nov-2005		9.900%		AZ - 20.00%		Paid Off - 360		01-Jul-2005
1001956654 2			688,000.00		685,281.49			08-Nov-2005		7.300%		CA - 89.93%		Paid Off - 360		01-Jul-2005
1001963003 2			308,000.00		307,278.23			10-Nov-2005		9.850%		GA - 80.00%		Paid Off - 360		01-Jul-2005
1001963129 2			112,500.00		112,143.63			30-Nov-2005		8.350%		NV - 90.00%		Paid Off - 360		01-Jul-2005
1001964342 2			226,800.00		226,184.08			30-Nov-2005		9.100%		IL - 70.00%		Paid Off - 360		01-Jul-2005
1001972351 1			356,400.00		356,400.00			16-Nov-2005		7.200%		MD - 90.00%		Paid Off - 360		01-Jul-2005
1001973546 1			145,000.00		144,240.85			02-Nov-2005		6.150%		CA - 74.36%		Paid Off - 360		01-Jul-2005
1001974064 2			173,400.00		172,701.81			09-Nov-2005		7.150%		FL - 85.00%		Paid Off - 360		01-Jul-2005
1001976124 2			406,600.00		406,600.00			03-Nov-2005		7.150%		MD - 95.00%		Paid Off - 360		01-Jul-2005
1001981822 2			155,384.00		155,384.00			08-Nov-2005		6.450%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1001984393 1			229,500.00		228,637.67			21-Nov-2005		7.500%		AZ - 85.00%		Paid Off - 360		01-Jul-2005
1001986658 1			327,000.00		327,000.00			10-Nov-2005		6.500%		VA - 79.95%		Paid Off - 360		01-Jul-2005
1001986710 2			184,500.00		183,903.59			01-Nov-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Jul-2005
1001987363 1			134,400.00		133,874.59			28-Nov-2005		7.300%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
1001987577 2			33,600.00		33,542.78			28-Nov-2005		11.300%		NJ - 20.00%		Paid Off - 360		01-Jul-2005
1001991438 1			337,235.00		337,235.00			04-Nov-2005		6.050%		CA - 89.93%		Paid Off - 360		01-Jul-2005
1001995522 1			260,000.00		259,999.95			02-Nov-2005		6.425%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001997806 1			179,200.00		179,199.96			28-Nov-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002003478 2			456,000.00		455,999.20			30-Nov-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002003628 2			425,000.00		422,842.93			02-Nov-2005		5.950%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1002007722 1			125,400.00		125,400.00			03-Nov-2005		9.550%		MO - 95.00%		Paid Off - 360		01-Jul-2005
1002008400 1			250,800.00		249,759.77			04-Nov-2005		7.050%		CA - 61.93%		Paid Off - 360		01-Jul-2005
1002010932 1			225,000.00		225,000.00			16-Nov-2005		7.400%		WA - 90.00%		Paid Off - 360		01-Jul-2005
1002012422 1			247,000.00		245,892.94			21-Nov-2005		6.600%		CA - 69.38%		Paid Off - 360		01-Jul-2005
1002017187 1			190,000.00		189,467.73			04-Nov-2005		8.950%		AZ - 95.00%		Paid Off - 360		01-Jul-2005
1002017800 2			335,700.00		334,759.64			21-Nov-2005		8.950%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002023036 2			546,250.00		544,655.48			11-Nov-2005		8.750%		HI - 95.00%		Paid Off - 360		01-Jul-2005


Page 26 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1002024687 2			252,900.00		252,898.77			30-Nov-2005		6.400%		SC - 90.00%		Paid Off - 360		01-Jul-2005

1002025178 1			171,000.00		171,000.00			11-Nov-2005		9.400%		OH - 90.00%		Paid Off - 360		01-Jul-2005
1002025999 2			204,300.00		203,691.31			07-Nov-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1002027568 1			222,700.00		221,830.57			10-Nov-2005		7.800%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1002029236 2			127,000.00		126,291.94			03-Nov-2005		5.450%		CA - 47.92%		Paid Off - 360		01-Jul-2005
1002032231 2			246,050.00		244,898.33			16-Nov-2005		6.375%		NC - 95.00%		Paid Off - 360		01-Jul-2005
1002036344 1			217,000.00		216,999.95			02-Nov-2005		7.300%		CA - 77.50%		Paid Off - 360		01-Jul-2005
1002039092 2			279,200.00		277,530.52			10-Nov-2005		6.150%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1002041775 1			144,000.00		144,000.00			09-Nov-2005		7.600%		MD - 80.00%		Paid Off - 360		01-Jul-2005
1002042738 2			208,000.00		208,000.00			22-Nov-2005		9.050%		VA - 80.00%		Paid Off - 360		01-Jul-2005
1002046878 2			292,500.00		291,459.55			11-Nov-2005		7.775%		NM - 78.00%		Paid Off - 360		01-Jul-2005
1002052432 1			232,000.00		231,355.46			11-Nov-2005		8.990%		CA - 84.98%		Paid Off - 360		01-Jul-2005
1002053440 1			208,000.00		207,306.91			03-Nov-2005		8.100%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1002057419 2			245,650.00		244,726.94			03-Nov-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1002058720 2			297,500.00		296,032.41			04-Nov-2005		6.100%		MA - 70.00%		Paid Off - 360		01-Jul-2005
1002059097 1			143,920.00		143,920.00			14-Nov-2005		7.950%		FL - 80.00%		Paid Off - 360		01-Jul-2005
1002060520 2			387,900.00		385,821.70			21-Nov-2005		6.350%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1002062127 2			450,000.00		448,469.99			09-Nov-2005		8.000%		NJ - 56.25%		Paid Off - 360		01-Jul-2005
1002064278 1			172,000.00		171,285.38			23-Nov-2005		6.990%		FL - 80.37%		Paid Off - 360		01-Jul-2005
1002065393 2			110,000.00		109,587.25			01-Nov-2005		8.925%		AL - 87.34%		Paid Off - 360		01-Jul-2005
1002065482 1			75,000.00		74,726.46			02-Nov-2005		7.650%		IL - 54.35%		Paid Off - 360		01-Jul-2005
1002074034 1			337,500.00		337,499.55			02-Nov-2005		6.875%		CA - 75.00%		Paid Off - 360		01-Jul-2005
1002081357 2			473,775.00		472,098.19			03-Nov-2005		7.800%		FL - 75.00%		Paid Off - 360		01-Jul-2005
1002090105 2			360,000.00		356,060.47			28-Nov-2005		5.990%		CA - 69.23%		Paid Off - 240		01-Jul-2005
1002095958 1			90,692.00		90,692.00			04-Nov-2005		7.900%		FL - 80.00%		Paid Off - 360		01-Jul-2005
1002096421 1			224,250.00		224,250.00			02-Nov-2005		6.650%		MD - 62.64%		Paid Off - 360		01-Jul-2005
1002100176 1			140,000.00		139,435.55			29-Nov-2005		7.200%		MD - 56.00%		Paid Off - 360		01-Jul-2005
1002107213 1			208,255.00		208,255.00			07-Nov-2005		8.990%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
1002114474 2			136,000.00		135,596.97			16-Nov-2005		8.800%		MD - 80.00%		Paid Off - 360		01-Jul-2005
1002116132 1			279,500.00		279,497.01			09-Nov-2005		5.850%		CA - 84.70%		Paid Off - 360		01-Jul-2005
1002128691 2			51,990.00		51,895.57			28-Nov-2005		11.000%		FL - 20.00%		Paid Off - 360		01-Jul-2005
1002133541 1			155,000.00		154,344.55			23-Nov-2005		6.900%		CA - 39.24%		Paid Off - 360		01-Jul-2005
1002135576 2			181,500.00		180,922.13			09-Nov-2005		8.325%		AZ - 75.00%		Paid Off - 360		01-Jul-2005
1002136076 2			202,232.00		202,232.00			22-Nov-2005		8.100%		CO - 80.00%		Paid Off - 360		01-Jul-2005
1002136913 1			37,919.00		37,833.52			22-Nov-2005		9.990%		CO - 15.00%		Paid Off - 360		01-Jul-2005
1002142498 2			308,750.00		307,893.99			07-Nov-2005		9.000%		WA - 95.00%		Paid Off - 360		01-Jul-2005
1002144682 1			157,500.00		157,499.95			22-Nov-2005		8.050%		AZ - 88.98%		Paid Off - 360		01-Jul-2005
1002171330 1			340,000.00		340,000.00			23-Nov-2005		6.600%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1002172106 2			380,000.00		378,408.79			30-Nov-2005		6.950%		CA - 94.29%		Paid Off - 360		01-Jul-2005
1002181515 2			104,850.00		104,531.13			29-Nov-2005		8.550%		FL - 90.00%		Paid Off - 360		01-Jul-2005
1002184102 2			197,280.00		196,602.42			21-Nov-2005		7.950%		OR - 80.00%		Paid Off - 360		01-Jul-2005
1002190863 1			57,240.00		57,027.02			23-Nov-2005		7.550%		PA - 90.00%		Paid Off - 360		01-Jul-2005
1002197777 2			198,000.00		197,372.78			01-Nov-2005		8.350%		AZ - 90.00%		Paid Off - 360		01-Jul-2005


Page 27 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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

1002230142 2			217,600.00		216,715.17			01-Nov-2005		7.100%		MN - 80.00%		Paid Off - 360		01-Jul-2005



TOTAL			68,956,937.45		68,502,493.63



Page 28 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


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




Number of Loans Liquidated										1		0		1
Collateral Realized Loss/(Gain) Amount										86,549.74		0.00		86,549.74
Net Liquidation Proceeds										23,253.16		0.00		23,253.16










Page 29 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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										0.03%		0.00%		0.02%
12 Months Avg CDR										0.01%		0.00%		0.01%
Avg CDR Since Cut-off										0.01%		0.00%		0.01%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.23%		0.00%		0.14%
12 Months Avg SDA Approximation										0.16%		0.00%		0.10%
Avg SDA Since Cut-off Approximation										0.16%		0.00%		0.10%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										26.27%		0.00%		26.27%
12 Months Avg Loss Severity Approximation										13.14%		0.00%		13.14%
Avg Loss Severity Approximation Since Cut-off										13.14%		0.00%		13.14%












Page 30 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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 31 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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)





TOTAL



Page 32 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 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 (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 33 of 34
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

December 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

			A-1ss							#######			#######		$0.00

			A-1mz							#######			#######		$0.00

			A-2a							#######			#######		$0.00

			A-2b							#######			#######		$0.00

			A-2c							#######			#######		$0.00

			A-2d							#######			#######		$0.00

			M-1							#######			#######		$0.00

			M-2							#######			#######		$0.00

			M-3							#######			#######		$0.00

			M-4							#######			#######		$0.00

			M-5							#######			#######		$0.00

			M-6							#######			#######		$0.00

			M-7							#######			#######		$0.00

			M-8							#######			#######		$0.00

			M-9							#######			#######		$0.00

			M-10							#######			#######		#######

			TRUST							#######			#######		$0.00







Page 34 of 34

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