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): ~~April~~May 2527, 2003 NEW CENTURY MORTGAGE SECURITIES, INC . (as depositor, New Century Mortgage Corporation and Ocwen Federal Bank as Servicers, Deutsche Bank National Trust Company as Trustee.) NEW CENTURY MORT SEC INC HOME EQUITY LOAN TR SER 2003-2 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-72880-03 33-0852169 (Commission File Number) (I.R.S. Employer Identification No.) 189400 Von Karman Suite 1000 Irvine, CALIFORNIA 92612 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (949) 863-7243 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003. SIGNATURE 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. Deutsche Bank National Trust Company, formerly known as Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of March 1,2003. Date: ~~May~~Jun 0102, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.

	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	April 25, 2003 Distribution
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				6
			4.	Credit Enhancement Report				9
			5.	Collateral Report				10
			6.	Delinquency Report				13
			7.	REO Report				16
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				2223
			11.	Realized Loss Detail Report				2526
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2627
			13.	Additional Certificate Report				2728
				Total Number of Pages				2728
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Deutsche Bank					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 19, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		New Century Mortgage Corporation
			Ocwen Federal
								Distribution Date: April 25, 2003
								Distribution Date: May 27, 2003
	Underwriter(s):		Deutsche Bank Underwriter					Record Date: ~~April~~May 2423, 2003
								March 31, 2003
								April 30, 2003
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 28					© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT,STEP	704,402,000.00			~~704~~689,~~402~~531,~~000~~274.0035	1,~~224~~060,~~412~~345.1087	1413,~~870~~317,~~725~~548.6542	1614,~~095~~377,~~137~~894.7529	-	-	~~689~~676,~~531~~213,~~274~~725.3593
A-2	FLT,STEP	246,360,000.00			~~246~~243,~~360~~999,~~000~~448.0075	~~434~~380,~~307~~422.0225	24,~~360~~538,~~551~~087.2513	24,~~794~~918,~~858~~509.2738	-	-	~~243~~239,~~999~~461,~~448~~361.7562
A-IO	IN, NTL	-			-	537,982.50	-	537,982.50	-	-	-
M-1	MEZ,FLT	70,427,000.00			70,427,000.00	~~157~~138,~~886~~975.0995	-	~~157~~138,~~886~~975.0995	-	-	70,427,000.00
M-2	MEZ,FLT	64,558,000.00			64,558,000.00	~~217~~190,~~715~~517.1383	-	~~217~~190,~~715~~517.1383	-	-	64,558,000.00
M-3	MEZ,FLT	45,777,000.00			45,777,000.00	~~234~~204,~~360~~267.7615	-	~~234~~204,~~360~~267.7615	-	-	45,777,000.00
M-4	MEZ,FLT	17,607,000.00			17,607,000.00	8877,~~331~~001.5128	-	8877,~~331~~001.5128	-	-	17,607,000.00
CE	SUB	24,650,208.87			24,~~650~~649,~~208~~407.8749	4,~~596~~792,~~823~~589.5840	~~801.38~~-	4,~~597~~792,~~624~~589.9640	-	-	24,649,407.49
P	PO	100.00			100.00	~~239~~318,~~371~~904.9609	-	~~239~~318,~~371~~904.9609	-	-	100.00
R-III	R	-			-	~~0.00~~-	-	~~0.00~~-	-	-	-
Total		1,173,781,308.87			1,~~173~~156,~~781~~549,~~308~~230.8759	7,~~731~~701,~~190~~006.6532	17,~~232~~855,~~078~~635.2855	2425,~~963~~556,~~268~~641.9387	-	-	1,~~156~~138,~~549~~693,~~230~~595.5904
	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)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0304/1925/03	0405/2426/03		A-Act/360	64352VCN9	704,402,000.00	~~1,000~~978.~~000000~~888865	1.~~738229~~505314	2118.~~111135~~906176	2220.~~849364~~411490	~~978~~959.~~888865~~982689
A-2	0304/1925/03	0405/2426/03		A-Act/360	64352VCP4	246,360,000.00	~~1,000~~990.~~000000~~418285	1.~~762896~~544172	918.~~581715~~420552	1119.~~344611~~964724	~~990~~971.~~418285~~997733
A-IO	0304/1925/03	0405/2426/03		A-30/360	64352VCQ2	117,378,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000
M-1	0304/1925/03	0405/2426/03		A-Act/360	64352VCR0	70,427,000.00	1,000.000000	21.~~241840~~973333	-	21.~~241840~~973333	1,000.000000
M-2	0304/1925/03	0405/2426/03		A-Act/360	64352VCS8	64,558,000.00	1,000.000000	32.~~372396~~951111	-	32.~~372396~~951111	1,000.000000
M-3	0304/1925/03	0405/2426/03		A-Act/360	64352VCT6	45,777,000.00	1,000.000000	54.~~119618~~462222	-	54.~~119618~~462222	1,000.000000
M-4	0304/1925/03	0405/2426/03		A-Act/360	64352VCU3	17,607,000.00	1,000.000000	54.~~016840~~373333	-	54.~~016840~~373333	1,000.000000
CE				A-30/360		1,198,431,517.74	~~1,000~~985.~~000000~~620472	3.~~835700~~999052	~~0.000669~~-	3.~~836369~~999052	~~985~~970.~~620472~~721301
P				-		100.00	1,000.000000	23,~~393~~189,~~719~~040.~~600000~~900000	-	23,~~393~~189,~~719~~040.~~600000~~900000	1,000.000000
R-III				-		-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	704,402,000.00		12,~~224~~284,~~412~~757.1097		1426,~~258~~967,~~173~~010.2950	~~612~~1,~~552~~221,263.3657	1428,~~870~~188,~~725~~274.6507	1630,~~095~~473,~~137~~032.7504	-	-	~~689~~676,~~531~~213,~~274~~725.3593
A-2	246,360,000.00		~~434~~814,~~307~~729.0227		26,~~107~~394,~~758~~056.4682	~~252~~504,~~792~~581.7956	26,~~360~~898,~~551~~638.2538	27,~~794~~713,~~858~~367.2765	-	-	~~243~~239,~~999~~461,~~448~~361.7562
A-IO	-		~~537~~1,~~982~~075,965.5000		-	-	-	~~537~~1,~~982~~075,965.5000	-	-	-
M-1	70,427,000.00		~~157~~296,~~886~~862.0904		-	-	-	~~157~~296,~~886~~862.0904	-	-	70,427,000.00
M-2	64,558,000.00		~~217~~408,~~715~~232.1396		-	-	-	~~217~~408,~~715~~232.1396	-	-	64,558,000.00
M-3	45,777,000.00		~~234~~438,~~360~~627.7691		-	-	-	~~234~~438,~~360~~627.7691	-	-	45,777,000.00
M-4	17,607,000.00		88165,~~331~~332.5179		-	-	-	88165,~~331~~332.5179	-	-	17,607,000.00
CE	24,650,208.87		49,~~596~~389,~~823~~412.5898		801.38	-	801.38	49,~~597~~390,~~624~~214.9637	-	-	24,649,407.49
P	100.00		~~239~~558,~~371~~276.9605		-	-	-	~~239~~558,~~371~~276.9605	-	-	100.00
R-III	-		0.00		-	-	-	0.00	-	-	-
Total	1,173,781,308.87		715,~~731~~432,~~190~~196.6598		1633,~~366~~361,~~733~~868.1370	~~865~~1,~~345~~725,845.1513	1735,~~232~~087,~~078~~713.2883	2450,~~963~~519,~~268~~910.9381	-	-	1,~~156~~138,~~549~~693,~~230~~595.5904
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	1.~~69125~~73000%	~~704~~689,~~402~~531,~~000~~274.0035			1,~~224~~060,~~412~~345.1087	-	-	-	1,~~224~~060,~~412~~345.1087	1,~~224~~060,~~412~~345.1087	-
A-2	1.~~71525~~75400%	~~246~~243,~~360~~999,~~000~~448.0075			~~434~~380,~~307~~422.0225	-	-	-	~~434~~380,~~307~~422.0225	~~434~~380,~~307~~422.0225	-
A-IO	5.50000%	117,378,000.00			537,982.50	-	-	-	537,982.50	537,982.50	-
M-1	2.~~18125~~22000%	70,427,000.00			~~157~~138,~~886~~975.0995	-	-	-	~~157~~138,~~886~~975.0995	~~157~~138,~~886~~975.0995	-
M-2	3.~~28125~~32000%	64,558,000.00			~~217~~190,~~715~~517.1383	-	-	-	~~217~~190,~~715~~517.1383	~~217~~190,~~715~~517.1383	-
M-3	45.~~98125~~02000%	45,777,000.00			~~234~~204,~~360~~267.7615	-	-	-	~~234~~204,~~360~~267.7615	~~234~~204,~~360~~267.7615	-
M-4	4.~~88125~~92000%	17,607,000.00			8877,~~331~~001.5128	-	-	-	8877,~~331~~001.5128	8877,~~331~~001.5128	-
CE	4.~~70184~~97517%	1,181,198,~~431,517~~638.7407			4,~~599~~795,~~108~~027.9178	2,~~285~~438.3337	-	-	4,~~596~~792,~~823~~589.5841	4,~~596~~792,~~823~~589.5840	-
P		100.00			-	-	-	-	-	~~239~~318,~~371~~904.9609	-
R-III		-			-	-	-	-	-	~~0.00~~-	-
Total		2,~~464~~430,~~940~~476,~~617~~461.7418			7,~~494~~384,~~104~~540.0261	2,~~285~~438.3337	-	-	7,~~491~~382,~~818~~102.6924	7,~~731~~701,~~190~~006.6532	-
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Class A-IO Component
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-IO-1		-			-	398,580.42	-	398,580.42	-	-	-
A-IO-2		-			-	139,402.08	-	139,402.08	-	-	-
Total		-			-	537,982.50	-	537,982.50	-	-	-
	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)	(2)	(3)	(4)=(2)+(3)	(5)
A-IO-1				A-30/360		86,963,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000
A-IO-2				A-30/360		30,415,000.00	1,000.000000	4.583333	-	4.583333	1,000.000000
							Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 4 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Class A-IO Component
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-IO-1	-		~~398~~797,~~580~~160.4284		-	-	-	~~398~~797,~~580~~160.4284	-	-	-
A-IO-2	-		~~139~~278,~~402~~804.0816		-	-	-	~~139~~278,~~402~~804.0816	-	-	-
Total	-		~~537~~1,~~982~~075,965.5000		-	-	-	~~537~~1,~~982~~075,965.5000	-	-	-
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-IO-1	5.50000%	86,963,000.00			398,580.42	-	-	-	398,580.42	398,580.42	-
A-IO-2	5.50000%	30,415,000.00			139,402.08	-	-	-	139,402.08	139,402.08	-
Total		117,378,000.00			537,982.50	-	-	-	537,982.50	537,982.50	-
							Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 5 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					24,~~360~~538,~~661~~087.0313	1413,~~696~~317,~~197~~548.2742	17,~~056~~855,~~858~~635.3055
	Principal Withdrawls					0.00	0.00	0.00
	Principal Other Accounts					0.00	~~175,219~~0.9800	~~175,219~~0.9800
	TOTAL NET PRINCIPAL					24,~~360~~538,~~661~~087.0313	1413,~~871~~317,~~417~~548.2542	17,~~232~~855,~~078~~635.2855
	Interest Collections					1,~~997~~979,~~109~~323.0614	5,~~849~~741,~~896~~371.7890	7,~~847~~720,~~005~~695.8404
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					1546,~~968~~894.0438	~~223~~272,~~403~~009.9271	~~239~~318,~~371~~904.9609
	Interest Fees					(9290,~~538~~287.3609)	(~~262~~248,~~648~~305.7972)	(~~355~~338,~~187~~592.1581)
	TOTAL NET INTEREST					1,~~920~~935,~~538~~930.7443	5,~~810~~765,~~651~~075.9189	7,~~731~~701,~~190~~006.6532
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					46,~~281~~474,~~199~~017.7756	2019,~~682~~082,~~069~~624.1631	2425,~~963~~556,~~268~~641.9387
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~252~~251,~~792~~788.7977	~~612~~608,~~552~~711.3621	~~865~~860,~~345~~499.1598
	Curtailments					2830,~~878~~860.3081	5769,~~918~~415.2197	86100,~~796~~276.5178
	Prepayments in Full					24,~~078~~255,~~989~~437.9455	1412,~~025~~639,~~726~~421.7024	16,~~104~~894,~~716~~858.6479
	Repurchses/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					(7173,~~250~~720.6580)	(~~178~~191,~~114~~716.6942)	(~~249~~265,~~365~~437.3422)
	Realized Losses					0.00	0.00	0.00
	Loss Recoveries					0.00	0.00	0.00
	Substitution Shortfalls					0.00	0.00	0.00
	Loan Adjustments					0.00	0.00	0.00
	Advanced Principal					7173,~~250~~720.6580	~~178~~191,~~114~~716.6942	~~249~~265,~~365~~437.3422
	TOTAL PRINCIPAL COLLECTED					24,~~360~~538,~~661~~087.0313	1413,~~696~~317,~~197~~548.2742	17,~~056~~855,~~858~~635.3055
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Cash Released					0.00	~~175,219~~0.9800	~~175,219~~0.9800
	TOTAL PRINCIPAL OTHER ACCOUNTS					0.00	~~175,219~~0.9800	~~175,219~~0.9800
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					2,~~036~~019,~~128~~671.6136	5,~~963~~863,~~834~~943.6365	7,~~999~~883,~~963~~615.2401
	Repurchased Interest					0.00	0.00	0.00
	Liquidation Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					(6,~~414~~894.3127)	(3122,~~893~~489.2934)	(3829,~~307~~383.6061)
	Delinquent Interest					(~~631~~661,~~803~~028.6543)	(12,~~926~~071,~~513~~869.5407)	(2,~~558~~732,~~317~~897.1950)
	Realized Losses					0.00	0.00	0.00
	Compensating Interest					6,~~414~~894.3127	3122,~~893~~489.2934	3829,~~307~~383.6061
	Subsistution Shortfalls					0.00	0.00	0.00
	Civil Releif Act Shortfalls					(~~477~~476.0617)	(1,~~808~~962.2720)	(2,~~285~~438.3337)
	Loss Recoveries					0.00	0.00	0.00
	Loan Adjustments					0.00	0.00	0.00
	Interest Advanced					~~593~~621,~~261~~156.1638	1,~~814~~951,~~383~~259.9652	2,~~407~~572,~~645~~415.1290
	TOTAL INTEREST COLLECTED					1,~~997~~979,~~109~~323.0614	5,~~849~~741,~~896~~371.7890	7,~~847~~720,~~005~~695.8404
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Prepayment Charges					1546,~~968~~894.0438	~~223~~272,~~403~~009.9271	~~239~~318,~~371~~904.9609
	Available Funds Cap Account Allocations					0.00	0.00	0.00
	Available Fund Cap Account Interest Earnings					0.00	0.00	0.00
	Cap Contract Amounts Deposited					0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS					1546,~~968~~894.0438	~~223~~272,~~403~~009.9271	~~239~~318,~~371~~904.9609
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					8885,~~186~~860.3755	~~250~~235,~~144~~540.0971	~~338~~321,~~330~~401.4626
	Trustee Fee					~~506~~502.9298	1,~~449~~424.0960	1,~~956~~927.0158
	Credit Risk Manager Fee					3,~~801~~772.8736	10,~~868~~684.2151	14,~~670~~456.0887
	Custodian Fee					43151.20	~~187~~655.4090	~~230~~807.6010
	Extraordinary Trust Fund Expenses					0.00	0.00	0.00
	TOTAL INTEREST OTHER FEES					9290,~~538~~287.3609	~~262~~248,~~648~~305.7972	~~355~~338,~~187~~592.1581
				Page 8 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 8 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for April 25, 2003 Distribution
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Original Available Funds Cap Reserve Account Balance							1,000.00
	Beginning Available Funds Cap Reserve Account Balance							1,000.00
	Cap Contract Amount Deposited							0.00
	Deposits to the Available Funds Cap Reserve Account							0.00
	Available Funds Cap Account Interest Earnings							0.00
	Funds Cap reserve Account Available for Distribution							1,000.00
	Interest Earnings Paid to Class CE							0.00
	Cap Contract Amounts Paid to Certificates							0.00
	Amounts Withdrawn to Pay Net WAC Carryover							0.00
	Ending Available Funds Cap Reserve Account Balance							1,000.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							24,649,407.49
	Overcollateralization Target Amount							24,649,407.49
	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							~~801~~0.3800
	Credit Enhancement Percentage							19.~~283088~~585463%
				Page 9 of 27				© COPYRIGHT 2003 Deutsche Bank
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	New Century Mtg. Securities Trust Inc. 2003-2
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	Collateral Report for May 27, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1699	6286	7985
	Prior					-1,689	-6,202	-7,891
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(1020)	(8482)	(94102)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,~~689~~669	6,~~202~~120	7,~~891~~789
	Principal Balance:
	Original					304,149,269.26	869,456,819.63	1,173,606,088.89
	Prior					-301,788,608.23	-854,760,622.36	-1,156,549,230.59
	Prefunding					-	-	-
	Scheduled Principal					(~~252~~251,~~792~~788.7977)	(~~612~~608,~~552~~711.3621)	(~~865~~860,~~345~~499.1598)
	Partial and Full Voluntary Prepayments					(24,~~107~~286,~~868~~298.2436)	(1412,~~083~~708,~~644~~837.9121)	(16,~~191~~995,~~513~~135.1557)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~301~~297,~~788~~250,~~608~~521.2310	~~854~~841,~~760~~443,~~622~~073.3694	1,~~156~~138,~~549~~693,~~230~~595.5904
PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					8.033405%	8.231118%	8.179879%
	Weighted Average Coupon Prior					8.033405%	8.231118%	8.179879%
	Weighted Average Coupon Current					8.~~033405~~030806%	8.~~231118~~232401%	8.~~179879~~179797%
	Weighted Average Months to Maturity Original					342	351	349
	Weighted Average Months to Maturity Prior					-342	-351	-349
	Weighted Average Months to Maturity Current					~~342~~341	~~351~~350	~~349~~348
	Weighted Avg Remaining Amortization Term Original					342	351	349
	Weighted Avg Remaining Amortization Term Prior					-342	-351	-349
	Weighted Avg Remaining Amortization Term Current					~~342~~341	~~351~~350	~~349~~348
	Weighted Average Seasoning Original					5.87	5.85	5.85
	Weighted Average Seasoning Prior					-5.87	-5.85	-5.85
	Weighted Average Seasoning Current					56.8786	56.8584	56.85
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 11 of 27				© COPYRIGHT 2003 Deutsche Bank
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	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					2.975%	5.618%
	Weighted Average Margin Prior					2.975%	5.618%
	Weighted Average Margin Current					2.~~975~~976%	5.~~618~~611%
	Weighted Average Max Rate Original					11.222%	14.183%
	Weighted Average Max Rate Prior					11.222%	14.183%
	Weighted Average Max Rate Current					11.222%	14.~~183~~176%
	Weighted Average Min Rate Original					8.032%	8.233%
	Weighted Average Min Rate Prior					8.032%	8.233%
	Weighted Average Min Rate Current					8.~~032~~031%	8.~~233~~234%
	Weighted Average Cap Up Original					0.684%	1.273%
	Weighted Average Cap Up Prior					0.684%	1.273%
	Weighted Average Cap Up Current					0.684%	1.~~273~~271%
	Weighted Average Cap Down Original					0.684%	1.273%
	Weighted Average Cap Down Prior					0.684%	1.273%
	Weighted Average Cap Down Current					0.684%	1.~~273~~271%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					8885,~~186~~860.3755	~~250~~235,~~144~~540.0971	~~338~~321,~~330~~401.4626
	Delinquent Servicing Fees					3839,~~542~~872.4804	~~112~~120,~~129~~609.5855	~~150~~160,~~672~~481.0659
	TOTAL SERVICING FEES					~~126~~125,~~728~~732.8559	~~362~~356,~~273~~150.6726	~~489~~481,~~002~~882.5285
	Total Servicing Fees					~~126~~125,~~728~~732.8559	~~362~~356,~~273~~150.6726	~~489~~481,~~002~~882.5285
	Delinquent Servicing Fees					(3839,~~542~~872.4804)	(~~112~~120,~~129~~609.5855)	(~~150~~160,~~672~~481.0659)
	Compensating Interest					6,~~414~~894.3127	3122,~~893~~489.2934	3829,~~307~~383.6061
	COLLECTED SERVICING FEES					9492,~~600~~754.6882	~~282~~258,~~037~~030.3805	~~376~~350,~~638~~784.0687
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Prepayment Interest Shortfall					6,~~414~~894.3127	3122,~~893~~489.2934	3829,~~307~~383.6061
	Compensating Interest					(6,~~414~~894.3127)	(3122,~~893~~489.2934)	(3829,~~307~~383.6061)
	NET PREPAYMENT INTERET SHORTFALLS					0.00	0.00	0.00
	Principal Advances					7173,~~250~~720.6580	~~178~~191,~~114~~716.6942	~~249~~265,~~365~~437.3422
	Interest Advances					~~593~~621,~~261~~156.1638	1,~~814~~951,~~383~~259.9652	2,~~407~~572,~~645~~415.1290
	TOTAL ADVANCES					~~664~~694,~~511~~877.8118	12,~~992~~142,~~498~~975.6594	2,~~657~~837,~~010~~853.4612
				Page 12 of 27				© COPYRIGHT 2003 Deutsche Bank
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	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Delinquency Report for April 25, 2003 Distribution
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1120,~~270~~561,~~739~~568.5478	12,~~276~~925,~~176~~193.9387	-	1223,~~546~~486,~~916~~762.4765
		% Balance			01.9781%	0.1126%	0.00%	12.0806%
		# Loans			76131	619	-	82150
		% # Loans			01.9668%	0.0824%	0.00%	1.0493%
FORECLOSURE		Balance		~~792~~2,~~390~~036,142.3199	-	~~904~~2,~~638~~570,110.9924	-1,645,228.71	16,~~697~~251,~~029~~481.3094
		% Balance		0.0718%	0.00%	0.0823%	0.0014%	0.1555%
		# Loans		416	-	718	-11	1145
		% # Loans		0.0521%	0.00%	0.0923%	0.0014%	0.1458%
BANKRUPTCY		Balance		26,~~945~~474,~~712~~413.5641	96675,~~402~~018.8184	-	-	37,~~042~~149,~~115~~432.3725
		% Balance		0.2557%	0.0106%	0.00%	0.00%	0.2663%
		# Loans		2045	16	-	-	2151
		% # Loans		0.2558%	0.0108%	0.00%	0.00%	0.2765%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		38,~~738~~510,~~102~~556.8740	1121,~~367~~236,~~142~~587.3562	25,~~180~~495,~~815~~304.9211	-1,645,228.71	1736,~~286~~887,~~061~~676.1484
		% Balance		0.3275%	01.9886%	0.1948%	0.0014%	13.4924%
		# Loans		2461	77137	1337	-11	~~114~~246
		% # Loans		0.3078%	01.9876%	0.1648%	0.0014%	13.4416%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2003 Deutsche Bank
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	New Century Mtg. Securities Trust Inc. 2003-2
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	Delinquency Report for April 25, 2003 Distribution
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			814,~~865~~655,~~155~~531.3714	~~891~~1,~~957~~568,816.0920	-	916,~~757~~224,~~112~~347.4634
		% Balance			1.0474%	0.1019%	0.00%	1.1493%
		# Loans			63107	515	-	68122
		% # Loans			1.0275%	0.0825%	0.00%	1.1099%
FORECLOSURE		Balance		~~792~~1,~~390~~737,026.3155	-	~~904~~2,~~638~~057,107.9953	-1,645,228.71	15,~~697~~439,~~029~~362.3079
		% Balance		0.0921%	0.00%	0.1124%	0.0020%	0.2065%
		# Loans		412	-	715	-11	1138
		% # Loans		0.0620%	0.00%	0.1125%	0.0018%	0.1862%
BANKRUPTCY		Balance		25,~~617~~242,~~395~~497.5092	96675,~~402~~018.8184	-	-	25,~~713~~917,~~798~~516.3176
		% Balance		0.3162%	0.0108%	0.00%	0.00%	0.3270%
		# Loans		1939	16	-	-	2045
		% # Loans		0.3164%	0.0210%	0.00%	0.00%	0.3274%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		36,~~409~~979,~~785~~524.8147	815,~~961~~330,~~558~~549.1898	13,~~796~~625,~~596~~923.0873	-1,645,228.71	1427,~~167~~581,~~940~~226.0789
		% Balance		0.4083%	1.0582%	0.2143%	0.0020%	13.6628%
		# Loans		2351	64113	1230	-11	99205
		% # Loans		0.3783%	1.0385%	0.1949%	0.0018%	13.6035%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 14 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Delinquency Report for April 25, 2003 Distribution
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			25,~~405~~906,~~584~~037.1764	~~384~~1,~~219~~356,377.8467	-	27,~~789~~262,~~804~~415.0131
		% Balance			01.8099%	0.1346%	0.00%	02.9244%
		# Loans			1324	14	-	1428
		% # Loans			01.7744%	0.0624%	0.00%	01.8368%
FORECLOSURE		Balance		-299,116.44	-	-513,002.71	-	-812,119.15
		% Balance		0.0010%	0.00%	0.0017%	0.00%	0.0027%
		# Loans		-4	-	-3	-	-7
		% # Loans		0.0024%	0.00%	0.0018%	0.00%	0.0042%
BANKRUPTCY		Balance		~~328~~1,~~317~~231,915.0649	-	-	-	~~328~~1,~~317~~231,915.0649
		% Balance		0.1141%	0.00%	0.00%	0.00%	0.1141%
		# Loans		16	-	-	-	16
		% # Loans		0.0636%	0.00%	0.00%	0.00%	0.0636%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~328~~1,~~317~~531,031.0693	25,~~405~~906,~~584~~037.1764	~~384~~1,~~219~~869,380.8438	-	39,~~118~~306,~~121~~449.0795
		% Balance		0.1152%	01.8099%	0.1363%	0.00%	13.0313%
		# Loans		110	1324	17	-	1541
		% # Loans		0.0660%	01.7744%	0.0642%	0.00%	02.8946%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	REO Report for April 25, 2003 Distribution
	REO Report for May 27, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
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	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					1020	8482	94102
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1020	8482	94102
	Paid in Full Balance					24,~~078~~255,~~989~~437.9455	1412,~~025~~639,~~726~~421.7024	16,~~104~~894,~~716~~858.6479
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					2830,~~878~~860.3081	5769,~~918~~415.2197	86100,~~796~~276.5178
	Total Prepayment Amount					24,~~107~~286,~~868~~298.2436	1412,~~083~~708,~~644~~837.9121	16,~~191~~995,~~513~~135.1557
	Cumulative
	Number of Paid in Full Loans					1030	84166	94196
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1030	84166	94196
	Paid in Full Balance					26,~~078~~334,~~989~~427.9449	1426,~~025~~665,~~726~~147.7094	1632,~~104~~999,~~716~~575.6443
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					2859,~~878~~739.3011	57127,~~918~~334.2118	86187,~~796~~073.5129
	Total Prepayment Amount					26,~~107~~394,~~868~~166.2460	1426,~~083~~792,~~644~~482.9112	1633,~~191~~186,~~513~~648.1572
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
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	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					01.6942%	1.6249%	1.3847%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					01.6906%	1.6255%	1.3843%
	CPR					815.0179%	1716.8146%	1516.3729%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					811.0198%	17.8114%	15.3783%
	PSA					~~683~~1150.0794%	~~1522~~1202.5177%	~~1312~~1189.7226%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~683~~941.0798%	~~1522~~1350.5131%	~~1312~~1246.7226%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(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)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 19 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 19 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 94						Loan Group 1 = Group 1 Group
Total Loan Count = 102						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 16,173,000.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 16,972,021.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 16,104,716.64
Total Prepayment Amount = 16,894,858.79
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
704973 1			190,000.00	189,462.70	Mar-27-03	7.790%	CA - 63.76%	Paid Off - 360	Oct-31-02
690372 1			72,000.00	71,794.69	Apr-21-03	9.250%	OH - 75.00%	Paid Off - 360	Oct-29-02
705544 1			89,000.00	88,705.02	Mar-14-03	6.990%	FL - 37.87%	Paid Off - 360	Oct-16-02
694009 1			97,600.00	97,328.86	Apr-01-03	8.990%	IL - 80.00%	Paid Off - 360	Oct-25-02
706018 1			167,400.00	166,934.92	Mar-25-03	8.990%	CA - 90.00%	Paid Off - 360	Oct-02-02
697446 1			160,000.00	159,239.65	Apr-02-03	7.250%	CA - 80.00%	Paid Off - 360	Oct-07-02
706108 1			111,200.00	110,897.91	Mar-25-03	7.990%	CA - 80.00%	Paid Off - 360	Oct-30-02
700058 1			219,000.00	217,515.48	Apr-23-03	7.250%	CA - 60.00%	Paid Off - 360	Oct-09-02
707090 1			154,000.00	153,489.63	Mar-21-03	6.990%	CA - 35.81%	Paid Off - 360	Oct-31-02
700079 1			310,500.00	309,226.35	Apr-03-03	7.990%	CA - 90.00%	Paid Off - 360	Oct-02-02
708543 1			251,000.00	250,246.33	Mar-05-03	7.490%	CA - 41.15%	Paid Off - 360	Oct-15-02
701178 1			158,250.00	157,457.93	Apr-25-03	6.990%	CA - 50.08%	Paid Off - 360	Oct-04-02
708912 1			153,000.00	152,605.70	Mar-28-03	8.250%	IL - 85.00%	Paid Off - 360	Oct-09-02
704987 1			288,000.00	286,652.21	Apr-09-03	6.750%	CA - 30.32%	Paid Off - 360	Oct-15-02
709167 1			75,600.00	74,764.45	Mar-03-03	8.625%	FL - 60.00%	Paid Off - 180	Oct-08-02
705336 1			161,250.00	160,476.96	Apr-28-03	6.250%	MA - 70.11%	Paid Off - 360	Oct-28-02
710368 1			85,850.00	85,673.60	Mar-17-03	9.350%	NJ - 85.00%	Paid Off - 360	Oct-10-02
705590 1			172,200.00	171,599.62	Apr-28-03	7.875%	CA - 84.95%	Paid Off - 360	Oct-11-02
712578 1			188,700.00	188,213.01	Mar-18-03	8.250%	NY - 78.63%	Paid Off - 360	Oct-18-02
708288 1			112,625.00	112,248.41	Apr-23-03	8.400%	MO - 85.00%	Paid Off - 360	Oct-10-02
712755 1			210,000.00	209,304.03	Mar-24-03	6.990%	CA - 70.00%	Paid Off - 360	Oct-22-02
708894 1			170,000.00	169,338.25	Apr-02-03	8.250%	RI - 74.56%	Paid Off - 360	Oct-04-02
713444 1			178,200.00	177,785.36	Mar-03-03	8.750%	CA - 90.00%	Paid Off - 360	Oct-15-02
709408 1			303,000.00	302,113.36	Apr-15-03	8.750%	CA - 75.00%	Paid Off - 360	Oct-31-02
713462 1			60,000.00	59,880.03	Mar-03-03	9.480%	NV - 41.99%	Paid Off - 360	Oct-29-02
709694 1			212,000.00	211,242.11	Apr-22-03	7.750%	MD - 80.00%	Paid Off - 360	Oct-15-02
715085 1			230,000.00	229,275.76	Mar-20-03	7.250%	CA - 74.92%	Paid Off - 360	Oct-18-02
710173 1			224,000.00	223,180.29	Apr-25-03	7.650%	CA - 80.00%	Paid Off - 360	Oct-25-02
720241 1			198,000.00	197,539.31	Mar-21-03	8.750%	IL - 90.00%	Paid Off - 360	Oct-29-02
710194 1			70,150.00	69,735.47	Apr-24-03	7.990%	WI - 41.88%	Paid Off - 360	Oct-28-02
721325 1			173,700.00	173,122.72	Mar-20-03	6.990%	CA - 90.00%	Paid Off - 360	Oct-31-02
710719 1			168,000.00	167,268.58	Apr-28-03	6.750%	MN - 80.00%	Paid Off - 360	Oct-08-02
721565 1			306,000.00	305,083.05	Mar-28-03	7.500%	IL - 85.00%	Paid Off - 360	Oct-18-02
711046 1			64,000.00	63,731.04	Apr-29-03	9.450%	TX - 80.00%	Paid Off - 300	Oct-09-02
723115 1			104,000.00	103,717.49	Mar-16-03	7.990%	CA - 80.00%	Paid Off - 360	Oct-29-02
711671 1			76,000.00	75,754.29	Apr-29-03	8.250%	OH - 62.30%	Paid Off - 360	Oct-02-02
725972 1			55,250.00	55,185.64	Mar-05-03	11.990%	NE - 65.00%	Paid Off - 360	Oct-28-02
712891 1			256,000.00	255,252.71	Apr-23-03	8.750%	FL - 89.82%	Paid Off - 360	Oct-09-02
727532 1			202,500.00	201,893.21	Mar-25-03	7.500%	CA - 90.00%	Paid Off - 360	Oct-22-02
713378 1			103,200.00	100,206.95	Apr-08-03	8.250%	NM - 80.00%	Paid Off - 360	Oct-02-02
728548 1			242,250.00	241,625.68	Mar-20-03	8.250%	VA - 85.00%	Paid Off - 360	Oct-30-02
713640 1			220,500.00	219,822.56	Apr-24-03	8.500%	CA - 90.00%	Paid Off - 360	Oct-04-02
713782 2			127,500.00	127,202.46	Mar-13-03	8.750%	CA - 85.00%	Paid Off - 360	Oct-31-02
714394 1			72,800.00	72,617.68	Apr-01-03	9.490%	IN - 65.00%	Paid Off - 360	Oct-15-02
721461 2			414,000.00	412,877.68	Mar-04-03	8.000%	NJ - 90.00%	Paid Off - 360	Oct-23-02
715558 1			100,000.00	99,642.48	Apr-14-03	7.750%	DC - 84.75%	Paid Off - 360	Oct-28-02
724804 2			119,000.00	118,817.97	Mar-05-03	10.740%	NJ - 85.00%	Paid Off - 360	Oct-31-02
717464 1			81,000.00	80,817.79	Apr-25-03	10.000%	MI - 90.00%	Paid Off - 360	Oct-21-02
31909286 3			96,250.00	95,931.63	Mar-25-03	7.000%	IL - 55.00%	Paid Off - 360	Oct-23-02
718532 1			184,450.00	183,790.58	Apr-29-03	7.750%	RI - 85.00%	Paid Off - 360	Oct-30-02
31909393 3			159,250.00	158,964.04	Mar-26-03	9.990%	NJ - 65.00%	Paid Off - 360	Oct-18-02
718829 1			233,750.00	233,100.58	Apr-11-03	8.990%	CA - 85.00%	Paid Off - 360	Oct-18-02
31909484 3			210,000.00	209,502.07	Apr-14-03	9.750%	ID - 70.00%	Paid Off - 360	Oct-03-02
719117 1			75,000.00	74,706.81	Apr-09-03	7.300%	CO - 36.59%	Paid Off - 360	Oct-17-02
31910037 3			51,700.00	51,559.84	Mar-01-03	8.000%	FL - 54.42%	Paid Off - 360	Oct-16-02
720302 1			229,500.00	228,593.93	Apr-30-03	7.250%	CA - 90.00%	Paid Off - 360	Oct-17-02
31910532 3			110,500.00	110,116.68	Mar-11-03	7.900%	NV - 85.00%	Paid Off - 360	Oct-07-02
722226 1			148,000.00	147,521.57	Apr-22-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-24-02
31911001 3			244,800.00	244,008.65	Apr-11-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-02-02
723949 1			115,000.00	114,567.89	Apr-25-03	7.500%	CA - 79.31%	Paid Off - 360	Oct-29-02
31911282 3			67,000.00	66,783.17	Apr-10-03	8.250%	IL - 62.04%	Paid Off - 360	Oct-04-02
724362 1			150,000.00	149,463.78	Apr-10-03	7.750%	MI - 53.57%	Paid Off - 360	Oct-23-02
31915507 3			253,000.00	252,049.35	Mar-27-03	7.500%	IL - 63.25%	Paid Off - 360	Oct-04-02
724814 1			277,500.00	276,625.41	Apr-09-03	8.375%	NC - 75.00%	Paid Off - 360	Oct-30-02
31918204 3			112,000.00	111,599.57	Mar-10-03	7.750%	CA - 68.71%	Paid Off - 360	Oct-04-02
725443 1			58,800.00	58,663.48	Apr-24-03	9.850%	LA - 80.00%	Paid Off - 360	Oct-23-02
31919830 3			301,600.00	300,740.24	Mar-14-03	7.750%	CA - 77.33%	Paid Off - 360	Oct-31-02
727427 1			98,000.00	97,674.95	Apr-11-03	8.250%	MI - 72.59%	Paid Off - 360	Oct-23-02
31920085 3			274,950.00	273,914.84	Mar-26-03	7.490%	NY - 90.00%	Paid Off - 360	Oct-01-02
692734 2			85,000.00	84,868.92	Apr-24-03	11.750%	TX - 34.00%	Paid Off - 360	Oct-23-02
31923576 3			267,750.00	266,861.69	Mar-19-03	6.990%	CA - 75.00%	Paid Off - 360	Oct-04-02
698862 2			101,150.00	100,805.39	Apr-23-03	7.990%	MI - 85.00%	Paid Off - 360	Oct-10-02
31924327 3			63,025.00	62,885.44	Apr-14-03	8.990%	FL - 48.48%	Paid Off - 360	Oct-17-02
707239 2			122,400.00	122,030.80	Apr-23-03	8.590%	OH - 90.00%	Paid Off - 360	Oct-22-02
31924749 3			217,800.00	217,333.49	Mar-24-03	9.150%	IL - 90.00%	Paid Off - 360	Oct-17-02
709953 2			439,000.00	437,718.55	Apr-23-03	8.750%	MA - 84.91%	Paid Off - 360	Oct-23-02
31926157 3			128,000.00	127,714.01	Mar-31-03	8.990%	MA - 80.00%	Paid Off - 360	Oct-30-02
717041 2			352,600.00	351,671.80	Apr-25-03	9.250%	CA - 80.00%	Paid Off - 360	Oct-24-02
31926215 3			67,000.00	66,146.28	Mar-13-03	6.990%	CA - 63.21%	Paid Off - 180	Oct-03-02
720740 2			431,250.00	430,051.89	Apr-09-03	8.990%	NM - 75.00%	Paid Off - 360	Oct-23-02
31926876 3			106,400.00	106,005.65	Mar-24-03	7.000%	WA - 70.00%	Paid Off - 360	Oct-31-02
721472 2			368,000.00	366,397.83	Apr-23-03	6.750%	CA - 80.00%	Paid Off - 360	Oct-16-02
31927635 3			273,000.00	271,905.12	Mar-31-03	6.990%	CA - 60.67%	Paid Off - 360	Oct-15-02
727231 2			143,516.00	143,190.68	Apr-11-03	9.990%	CA - 70.01%	Paid Off - 360	Oct-29-02
31927981 3			138,000.00	137,624.39	Mar-31-03	7.990%	MA - 60.00%	Paid Off - 360	Oct-29-02
733493 2			17,000.00	16,903.07	Apr-15-03	11.240%	IL - 20.00%	Paid Off - 240	Oct-30-02
31928070 3			190,000.00	189,509.32	Mar-28-03	8.240%	FL - 27.94%	Paid Off - 360	Oct-15-02
31909005 3			172,500.00	171,929.84	Apr-17-03	8.140%	IL - 75.00%	Paid Off - 360	Oct-22-02
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
31929110 3			203,000.00	202,360.79	Apr-15-03	7.250%	IL - 70.00%	Paid Off - 360	Oct-28-02
31909377 3			189,000.00	188,174.66	Apr-30-03	7.500%	CA - 81.82%	Paid Off - 360	Oct-30-02
31929615 3			228,000.00	227,245.87	Mar-19-03	7.000%	CA - 59.22%	Paid Off - 360	Oct-11-02
31911159 3			165,000.00	164,320.85	Apr-22-03	7.500%	CA - 61.11%	Paid Off - 360	Oct-08-02
31930902 3			84,000.00	83,814.37	Mar-27-03	9.000%	MI - 70.00%	Paid Off - 360	Oct-17-02
31912223 3			236,250.00	235,384.05	May-13-03	8.250%	MI - 75.00%	Paid Off - 360	Oct-08-02
31930928 3			290,000.00	289,203.69	Mar-01-03	8.000%	CA - 74.94%	Paid Off - 360	Oct-21-02
31912967 3			200,000.00	199,319.97	May-01-03	8.000%	CA - 80.00%	Paid Off - 360	Oct-16-02
31931272 3			136,800.00	136,409.25	Mar-17-03	7.740%	CA - 90.00%	Paid Off - 360	Oct-09-02
31915226 3			138,750.00	138,497.46	Apr-17-03	10.990%	CA - 75.00%	Paid Off - 360	Oct-22-02
31932163 3			90,000.00	89,775.01	Mar-10-03	8.400%	MI - 57.32%	Paid Off - 360	Oct-23-02
31917347 3			110,500.00	110,091.17	May-05-03	8.500%	TN - 85.00%	Paid Off - 360	Oct-01-02
31932759 3			137,000.00	136,589.45	Mar-11-03	7.500%	CA - 63.72%	Paid Off - 360	Oct-16-02
31917446 3			180,000.00	179,536.26	Apr-30-03	10.250%	CA - 54.55%	Paid Off - 360	Sep-30-02
31933096 3			165,000.00	164,551.78	Mar-06-03	7.990%	MA - 61.11%	Paid Off - 360	Oct-29-02
31918899 3			44,800.00	44,687.81	Apr-29-03	9.490%	MI - 80.00%	Paid Off - 360	Oct-03-02
31933427 3			100,000.00	99,685.11	Mar-25-03	7.250%	CA - 29.85%	Paid Off - 360	Oct-18-02
31920002 3			87,000.00	86,780.74	Apr-21-03	9.500%	ME - 75.00%	Paid Off - 360	Oct-24-02
31935026 3			61,600.00	61,451.03	Mar-24-03	9.450%	TX - 70.00%	Paid Off - 360	Oct-25-02
31921166 3			55,000.00	54,710.43	May-15-03	7.400%	WA - 50.00%	Paid Off - 360	Oct-01-02
31935554 3			325,000.00	324,158.26	Mar-25-03	8.250%	IL - 72.22%	Paid Off - 360	Oct-25-02
31922628 3			209,600.00	208,807.48	May-13-03	7.490%	CA - 80.00%	Paid Off - 360	Oct-30-02
31935687 3			166,500.00	166,091.36	Apr-11-03	8.490%	IL - 90.00%	Paid Off - 360	Oct-29-02
31922693 3			131,200.00	130,761.84	Apr-23-03	9.000%	CA - 80.00%	Paid Off - 360	Oct-03-02
31938855 3			304,000.00	303,292.70	Apr-09-03	8.750%	IL - 84.44%	Paid Off - 360	Oct-24-02
31925480 3			140,000.00	139,447.27	Apr-24-03	7.250%	CA - 69.31%	Paid Off - 360	Oct-18-02
31940612 3			178,500.00	177,967.15	Mar-24-03	8.200%	RI - 70.00%	Paid Off - 360	Oct-23-02
31925993 3			260,000.00	259,201.21	May-12-03	8.500%	FL - 80.00%	Paid Off - 360	Oct-09-02
100989904 3			118,150.00	117,481.60	Mar-12-03	9.500%	CO - 85.00%	Paid Off - 360	Mar-28-02
31926611 3			46,980.00	46,849.71	Apr-03-03	9.000%	KS - 90.00%	Paid Off - 360	Oct-08-02
101028454 3			200,000.00	198,614.24	Mar-21-03	7.990%	DC - 77.82%	Paid Off - 360	Apr-30-02
31927262 3			165,000.00	164,400.43	Apr-30-03	8.600%	MD - 75.00%	Paid Off - 360	Oct-30-02
101080596 3			64,000.00	63,690.10	Mar-25-03	9.750%	FL - 80.00%	Paid Off - 360	Apr-30-02
31927403 3			200,000.00	199,202.58	May-15-03	7.200%	CA - 78.43%	Paid Off - 360	Oct-16-02
101090942 3			108,000.00	107,277.70	Mar-25-03	9.990%	IL - 90.00%	Paid Off - 360	May-06-02
31927858 3			84,000.00	83,766.64	Apr-17-03	8.990%	CT - 80.00%	Paid Off - 360	Oct-31-02
101104917 3			300,000.00	298,313.76	Apr-04-03	8.490%	MI - 80.00%	Paid Off - 360	May-14-02
31932973 3			123,000.00	122,380.43	May-02-03	5.990%	IA - 76.88%	Paid Off - 360	Oct-30-02
101112431 3			118,150.00	117,487.19	Apr-15-03	8.500%	FL - 85.00%	Paid Off - 360	May-17-02
31934508 3			95,000.00	94,676.33	May-06-03	7.990%	CO - 55.88%	Paid Off - 360	Oct-18-02
101115442 3			238,500.00	237,007.71	Apr-07-03	7.990%	MA - 90.00%	Paid Off - 360	May-20-02
31934540 3			306,700.00	305,489.15	Apr-22-03	7.250%	NM - 60.14%	Paid Off - 360	Oct-22-02
101115921 3			184,000.00	183,314.67	Mar-13-03	10.990%	MA - 47.79%	Paid Off - 360	May-20-02
31935448 3			110,500.00	110,124.30	Apr-29-03	8.000%	FL - 85.00%	Paid Off - 360	Oct-31-02
101116986 3			85,000.00	84,417.80	Mar-11-03	7.500%	CA - 46.70%	Paid Off - 360	May-20-02
31936560 3			133,000.00	132,546.89	Apr-28-03	7.990%	CO - 67.86%	Paid Off - 360	Oct-29-02
101117224 3			187,000.00	185,377.52	Mar-04-03	6.490%	CA - 55.00%	Paid Off - 360	May-20-02
31936636 3			150,000.00	149,462.92	May-15-03	7.750%	NY - 52.63%	Paid Off - 360	Oct-21-02
101117661 3			229,500.00	227,813.71	Mar-21-03	7.250%	CA - 79.14%	Paid Off - 360	May-20-02
31937014 3			93,600.00	93,360.66	May-14-03	9.390%	IL - 80.00%	Paid Off - 360	Oct-23-02
101117711 3			45,600.00	45,333.93	Mar-01-03	9.750%	MI - 80.00%	Paid Off - 360	May-20-02
31938533 3			183,000.00	182,377.81	May-02-03	8.000%	NJ - 47.53%	Paid Off - 360	Oct-30-02
101118065 3			71,000.00	70,809.24	Mar-05-03	11.990%	GA - 50.00%	Paid Off - 360	May-20-02
31938954 3			300,000.00	298,443.82	Apr-30-03	8.500%	CA - 60.00%	Paid Off - 360	Oct-24-02
101118271 3			170,425.00	169,559.75	Mar-01-03	8.990%	NV - 85.00%	Paid Off - 360	May-20-02
31940430 3			78,750.00	78,572.48	Apr-29-03	9.990%	WY - 75.00%	Paid Off - 360	Oct-28-02
101122273 3			198,750.00	197,635.11	Apr-10-03	8.500%	GA - 75.00%	Paid Off - 360	May-22-02
31941511 3			73,500.00	73,285.03	Apr-21-03	8.740%	MO - 79.89%	Paid Off - 360	Oct-30-02
101122539 3			118,000.00	117,449.28	Mar-03-03	9.750%	NJ - 84.29%	Paid Off - 360	May-22-02
101115145 3			191,700.00	190,236.56	May-15-03	7.500%	CA - 90.00%	Paid Off - 360	May-20-02
101131639 3			212,500.00	211,246.30	Mar-01-03	8.250%	CA - 85.00%	Paid Off - 360	May-24-02
101115178 3			111,500.00	110,465.06	May-13-03	6.490%	TX - 77.43%	Paid Off - 360	May-20-02
101137354 3			150,000.00	149,012.36	Mar-24-03	7.700%	VA - 51.72%	Paid Off - 360	May-29-02
101121986 3			250,750.00	249,330.26	Apr-30-03	8.990%	NY - 85.00%	Paid Off - 360	May-22-02
101137529 3			138,500.00	137,830.27	Mar-31-03	9.250%	MN - 79.14%	Paid Off - 360	May-29-02
101125151 3			51,000.00	49,693.90	Apr-29-03	9.750%	TN - 85.00%	Paid Off - 180	May-22-02
101139061 3			212,000.00	210,979.73	Mar-27-03	9.250%	IL - 84.80%	Paid Off - 360	May-29-02
101128536 3			187,500.00	186,592.51	Apr-24-03	9.750%	IA - 75.00%	Paid Off - 360	May-24-02
101140093 3			157,900.00	155,206.34	Mar-28-03	7.500%	CA - 78.95%	Paid Off - 360	May-29-02
101129906 3			62,400.00	62,028.88	May-05-03	8.750%	WI - 80.00%	Paid Off - 360	May-24-02
101143931 3			234,100.00	232,329.60	Apr-07-03	6.990%	CA - 78.03%	Paid Off - 360	May-30-02
101131407 3			211,000.00	209,867.37	Apr-23-03	9.250%	CA - 87.92%	Paid Off - 360	May-24-02
101144434 3			157,500.00	156,292.22	Apr-02-03	8.400%	IL - 90.00%	Paid Off - 360	May-30-02
101132777 3			152,000.00	151,300.28	Apr-23-03	9.990%	CA - 80.00%	Paid Off - 360	May-28-02
101146561 3			160,000.00	158,849.04	Mar-19-03	7.250%	IL - 58.82%	Paid Off - 360	May-30-02
101137289 3			71,500.00	70,895.44	May-02-03	6.990%	IL - 25.54%	Paid Off - 360	May-29-02
101149847 3			72,250.00	71,949.07	Apr-09-03	10.250%	MI - 85.00%	Paid Off - 360	May-30-02
101143691 3			126,000.00	124,070.11	Apr-30-03	9.250%	IL - 90.00%	Paid Off - 360	May-30-02
101152346 3			136,000.00	135,059.43	Mar-28-03	8.250%	NV - 85.00%	Paid Off - 360	May-31-02
101144640 3			120,000.00	119,387.00	Apr-29-03	9.490%	MI - 80.00%	Paid Off - 360	May-30-02
101157204 3			259,000.00	256,846.47	Mar-12-03	6.500%	CA - 79.69%	Paid Off - 360	May-31-02
101146660 3			180,000.00	178,623.49	May-05-03	8.490%	CA - 63.16%	Paid Off - 360	May-30-02
101338267 3			247,500.00	246,671.72	Mar-26-03	9.750%	NJ - 75.00%	Paid Off - 360	Aug-12-02
101147882 3			113,250.00	112,541.58	Apr-17-03	8.500%	CA - 75.00%	Paid Off - 360	May-30-02
101458685 3			283,500.00	282,714.00	Mar-13-03	9.000%	CO - 90.00%	Paid Off - 360	Sep-25-02
101150225 3			290,000.00	288,357.30	Apr-30-03	8.990%	VA - 88.41%	Paid Off - 360	May-31-02
31922131 4			93,500.00	93,332.10	Mar-09-03	9.990%	IA - 85.00%	Paid Off - 360	Oct-16-02
101151843 3			123,000.00	122,114.92	Apr-30-03	11.500%	WI - 54.42%	Paid Off - 360	May-31-02
31937113 4			111,600.00	111,221.02	Apr-15-03	8.125%	PA - 90.00%	Paid Off - 360	Oct-31-02
101153955 3			189,000.00	187,484.80	May-06-03	7.250%	CA - 90.00%	Paid Off - 360	May-31-02
31940729 4			77,000.00	76,820.85	Mar-24-03	8.750%	MO - 70.00%	Paid Off - 360	Oct-29-02
101155794 3			122,400.00	121,671.99	May-05-03	8.750%	UT - 85.00%	Paid Off - 360	May-31-02
101086916 4			130,500.00	129,795.63	Apr-14-03	8.690%	NH - 90.00%	Paid Off - 360	May-03-02
101463768 3			240,000.00	239,196.87	Apr-23-03	8.990%	CA - 80.00%	Paid Off - 360	Sep-26-02
101127397 4			500,000.00	496,547.42	Apr-09-03	7.500%	MA - 38.46%	Paid Off - 360	May-23-02
31915945 4			422,000.00	419,304.16	May-13-03	6.250%	CA - 77.43%	Paid Off - 360	Oct-03-02
101149227 4			475,000.00	471,903.60	Mar-17-03	7.750%	NJ - 77.24%	Paid Off - 360	May-30-02
31921786 4			77,000.00	76,581.50	Apr-30-03	7.000%	MI - 43.26%	Paid Off - 360	Oct-07-02
101376275 4			41,000.00	40,471.21	Mar-05-03	11.500%	CA - 19.07%	Paid Off - 180	Aug-27-02
31923477 4			340,000.00	338,844.02	Apr-23-03	8.000%	WA - 79.07%	Paid Off - 360	Oct-31-02
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
31930753 4			78,400.00	78,179.54	Apr-28-03	8.990%	AL - 80.00%	Paid Off - 360	Oct-23-02
31933773 4			155,000.00	154,390.13	May-15-03	8.250%	CT - 67.39%	Paid Off - 360	Oct-30-02
					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
31934722 4			60,000.00	59,850.04	May-02-03	9.500%	IA - 75.00%	Paid Off - 360	Oct-10-02
31935562 4			108,000.00	107,730.12	Apr-29-03	9.500%	NM - 90.00%	Paid Off - 360	Oct-28-02
100970649 4			412,500.00	409,221.36	Apr-29-03	8.250%	DC - 75.00%	Paid Off - 360	Mar-21-02
101127249 4			144,000.00	143,186.32	Apr-30-03	9.000%	FL - 90.00%	Paid Off - 360	May-23-02
101139921 4			382,500.00	379,984.00	May-05-03	8.250%	NY - 75.00%	Paid Off - 360	May-29-02
101432383 4			35,000.00	34,527.43	Apr-17-03	11.000%	CA - 13.41%	Paid Off - 180	Sep-16-02
					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Realized Losses							0.00
	Current Supplemental Losses (Recoveries)							0.00
	CURRENT NET REALIZED LOSSES							0.00
	Beginning Cumulative Realized Losses							0.00
	Current Net Realized Losses							0.00
	Ending Cumulative Realized Losses							0.00
	Current Bankruptcy Losses (Recoveries)							0.00
	Ending Cumulative Bankruptcy Losses							0.00
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
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 24 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for April 25, 2003 Distribution
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 25 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 26 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has the Step Down Date been reached?							No
	Is there a Trigger Event in effect?							No
	Has the Optional Termination Event been reached?							No
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 27 of 28				© COPYRIGHT 2003 Deutsche Bank
	New Century Mtg. Securities Trust Inc. 2003-2
	Mortgage Pass-Through Certificates
	Additional Certificate Report for April 25, 2003 Distribution
	Additional Certificate Report for May 27, 2003 Distribution
	Additional Certificate Report
	CLASS		Net WAC Rate Carryover Due	Net WAC Rate Carryover Paid	Interest Carryforward Amount Due	Interest Carryforward Amount Paid	Net PPIS & Relief Act Shortfall Allocation Due	Net PPIS & Relief Act Shortfall Allocation Paid
	A-1		0.00	0.00	0.00	0.00	0.00	0.00
	A-2		0.00	0.00	0.00	0.00	0.00	0.00
	A-IO		0.00	0.00	0.00	0.00	0.00	0.00
	M-1		0.00	0.00	0.00	0.00	0.00	0.00
	M-2		0.00	0.00	0.00	0.00	0.00	0.00
	M-3		0.00	0.00	0.00	0.00	0.00	0.00
	M-4		0.00	0.00	0.00	0.00	0.00	0.00
	CE		0.00	0.00	0.00	0.00	0.00	0.00
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · NEW CENTURY MORT SEC INC HOME EQUITY LOAN TR SER 2003 2