UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~July 1~~August 11, 2004

NEW CENTURY FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

000-22633

33-0683629

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


18400 Von Karman Avenue, Suite 1000, Irvine, California		92612
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (949) 440-7030

Former name or former address, if changed since last report: N/A

ITEM 5. OTHER EVENTS

OnCredit ~~July~~Facilities 1, 2004, New Century Mortgage Corporation, a wholly-owned subsidiary of New Century Financial Corporation, and NC Capital Corporation, a wholly-owned subsidiary of New Century Mortgage, entered into a letter agreement with CDC Mortgage Capital, Inc. which extends the expiration date of the credit facility with CDC from July 7, 2004 until July 21, 2004. This letter agreement is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.

On August 11, 2004, New Century Mortgage Corporation, a wholly-owned subsidiary of New Century Financial Corporation, and NC Capital Corporation, a wholly-owned subsidiary of New Century Mortgage, entered into a letter agreement with CDC Mortgage Capital Inc. which extends the expiration date of the credit facility with CDC from August 15, 2004 until August 30, 2004. This letter agreement is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.

ITEM 7. EXHIBITS

(c)

Exhibits.

Exhibit No.		Description of Exhibit
10.1		Letter Agreement, dated as of ~~July~~August 111, 2004, among New Century Mortgage Corporation, NC Capital Corporation and CDC Mortgage Capital Inc.

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEW CENTURY FINANCIAL CORPORATION		~~NEW CENTURY FINANCIAL CORPORATION~~
July 12, 2004			By:	/s/ ROBERT K. COLE
August 16, 2004	By:	/s/ ROBERT K. COLE
				Robert K. Cole Chairman and Chief Executive Officer
		Robert K. Cole
		Chairman and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
10.1		Letter Agreement, dated as of ~~July~~August 111, 2004, among New Century Mortgage Corporation, NC Capital Corporation and CDC Mortgage Capital Inc.

Filing Compare · NEW CENTURY TRS HOLDINGS INC