UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

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 17 19, 2007

New Century Financial Corporation __________________________________________ (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)


Maryland	001-32314	56-2451736
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

3121 Michelson Drive, 5th Floor, Irvine, California		92612
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Maryland		001-32314		56-2451736
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

3121 Michelson Drive, 5th Floor Irvine, California		92612
(Address of principal executive offices)		(Zip Code)


Registrant’s telephone number, including area code:		(949) 517-0000

Not Applicable ______________________________________________ Former name or former address, if changed since last report

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:

¨ [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] 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))

¨ Top ~~Soliciting~~of ~~material pursuant to Rule 14a-12 under~~ the ~~Exchange Act (17 CFR 240.14a-12)~~Form

¨ Item ~~Pre-commencement~~5.02 ~~communications~~Departure ~~pursuant~~of toDirectors ~~Rule~~or ~~14d-2(b)~~Certain ~~under~~Officers; ~~the~~Election ~~Exchange~~of ~~Act~~Directors; ~~(17~~Appointment ~~CFR~~of ~~240~~Certain Officers; Compensatory Arrangements of Certain Officers.~~14d-2(b))~~

¨ (b) ~~Pre-commencement~~Resignation ~~communications~~of Michael Tinsley as Chief Financial OfficerOn December 19, 2007, Michael Tinsley tendered his resignation as the Chief Financial Officer of New Century Financial Corporation (the "Company"), effective as of December 28, 2007.(c) Appointment of Jamie Lisac as Chief Financial OfficerOn December 19, 2007, the Company’s board of directors appointed Jamie Lisac as the Company’s Chief Financial Officer, effective as of December 28, 2007. As previously disclosed, the Company has engaged AP Services LLC ("AP Services") pursuant to ~~Rule~~that ~~13e-4~~certain agreement between the Company and AP Services, dated March 22, 2007, as amended by that certain letter agreement between the Company and AP Services, dated May 11, 2007 (cthe "Letter Agreement"). Pursuant ~~under~~to the ~~Exchange~~Letter ~~Act~~Agreement, the Company will compensate AP Services $565 per hour for Mr. Lisac’s services (17including ~~CFR~~for ~~240~~his services as Chief Financial Officer).~~13e-4~~ Mr. Lisac is independently compensated pursuant to arrangements between AP Services and its affiliate, AlixPartners LLP (c"AlixPartners")), a financial advisory and consulting firm specializing in corporate restructuring. Mr. Lisac will not receive any compensation directly from the Company and will not participate in any of the Company’s employee benefit plans. Mr. Lisac, age 36, is a Director of AlixPartners. Mr. Lisac has been a Director of AlixPartners since April 2006 and will remain a Director of AlixPartners while serving as the Company’s Chief Financial Officer. Prior to joining AlixPartners, Mr. Lisac was employed by Scouler Andrews, a boutique restructuring firm founded by former Senior Managing Directors of FTI Consulting, from February 2004 to March 2006. Previous to his position at Scouler Andrews, Mr. Lisac was employed by FTI Consulting from November 2000 to January 2004 where he served as a Director in their corporate restructuring practice. In his positions at Scouler Andrews and FTI Consulting, Mr. Lisac served in numerous interim finance roles. Prior to his career in restructuring, Mr. Lisac served as a Mergers and Acquisitions Analyst for FleetPride, a financial roll-up of privately-held heavy duty truck parts distributorships. Mr. Lisac earned his undergraduate degree from The University of Missouri and earned his Masters of Business Administration from Saint Louis University.

~~Item~~ Top ~~7.01~~of ~~Regulation~~the ~~FD Disclosure.~~Form

Filing of Monthly Operating Report for the Month Ended October 31, 2007 with the Bankruptcy Court

On December 17, 2007, New Century Financial Corporation (the “Company”) and certain of its debtor–in–possession subsidiaries (collectively with the Company, the “Debtors”) filed their consolidated monthly operating report for the month ended October 31, 2007 (the “October Monthly Operating Report”) with the United States Bankruptcy Court for the District of Delaware.

The October Monthly Operating Report, excluding the copies of the Debtors’ bank reconciliations, is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The complete October Monthly Operating Report, including the copies of the Debtors’ bank reconciliations, is available without charge on the website of the Company’s Claims and Noticing Agent, XRoads Case Management Services, at www.xroadscms.net/newcentury.

Cautionary Statement Regarding October Monthly Operating Report

The October Monthly Operating Report contains financial information that has not been audited or reviewed by independent registered accountants, is not presented in accordance with generally accepted accounting principles and may be subject to future reconciliation and adjustments. The information contained in the October Monthly Operating Report has been prepared in accordance with applicable law under chapter 11 of title 11 of the United States Code and is not to be used for investment purposes. There can be no assurance that the October Monthly Operating Report is complete. The Debtors may amend or otherwise change the information contained in the October Monthly Operating Report at a future date. As explained in a Current Report on Form 8–K filed by the Company with the Securities and Exchange Commission (the “SEC”) on February 7, 2007, the previously filed interim financial statements of the Company for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006 should not be relied upon. As explained in a Current Report on Form 8–K filed by the Company with the SEC on June 24, 2007, the previously filed annual financial statements of the Company for its fiscal year ended December 31, 2005 should also not be relied upon. The information contained in the October Monthly Operating Report is further qualified by these disclosures.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 New Century Financial Corporation monthly operating report for the month ended October 31, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, 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~~
December 19, 2007			By:	/s/ Holly Etlin
January 3, 2008	By:	/s/ Holly Etlin
			Name:	Holly Etlin
		Name: Holly Etlin
			Title:	President, Chief Executive Officer and Chief Restructuring Officer
		Title: President, Chief Executive Officer and Chief Restructuring Officer

Exhibit Index

Exhibit No.		Description
99.1		New Century Financial Corporation monthly operating report for the month ended October 31, 2007

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