

                           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 25, 2003


                          NEW CENTURY MORTGAGE SECURITIES, INC	.
            (as depositor, New Century Mortgage Corporation, as Master
             Servicer, Deutsche Bank National Trust Company as Trustee.)


                   NEW CENTURY HOME EQUITY LOAN TRUST SERIES 2003-3
              (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-104454-01                             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
	July 25, 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 June 1,2003.



          Date:  Aug 01, 2003               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President

                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of July 25, 2003.


	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates


	July 25, 2003 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Prepayment Report				16
			9.	Prepayment Detail Report				19
			10.	Realized Loss Report				20
			11.	Realized Loss Detail Report				23
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			13.	Additional Certificate Report				25




				Total Number of Pages				25



			CONTACTS

				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				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:		New Century Mortgage Securities, Inc.					Cut-Off Date: June 1, 2003
	Certificate Insurer(s):							Closing Date: June 27, 2003
								First Payment Date: July 25, 2003
	Servicer(s):		Master Servicer


								Distribution Date: July 25, 2003
	Underwriter(s):		Morgan Stanley & Co. Inc Co-Lead Underwriter					Record Date: July 24, 2003
			Morgan Stanley & Co. Inc Co-Lead Underwriter					June 30, 2003






						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for July 25, 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	243,773,000.00			243,773,000.00	255,961.65	1,253,555.78	1,509,517.43	-	-	242,519,444.22
A-2	FLT,STEP	241,578,000.00			241,578,000.00	251,777.96	868,700.16	1,120,478.12	-	-	240,709,299.84
A-3	FLT,STEP	127,321,000.00			127,321,000.00	136,657.87	844,166.17	980,824.04	-	-	126,476,833.83
M-1	MEZ,FLT	31,346,000.00			31,346,000.00	44,128.20	-	44,128.20	-	-	31,346,000.00
M-2	MEZ,FLT	26,716,000.00			26,716,000.00	60,675.00	-	60,675.00	-	-	26,716,000.00
M-3	MEZ,FLT	10,686,000.00			10,686,000.00	28,258.53	-	28,258.53	-	-	10,686,000.00
M-4	MEZ,FLT	8,192,000.00			8,192,000.00	29,755.16	-	29,755.16	-	-	8,192,000.00
M-5	MEZ,FLT	4,987,000.00			4,987,000.00	18,501.77	-	18,501.77	-	-	4,987,000.00
M-6	MEZ,FLT	8,193,000.00			8,193,000.00	30,396.03	-	30,396.03	-	-	8,193,000.00
CE	SUB	9,618,021.00			9,618,021.00	2,826,735.96	484.44	2,827,220.40	-	-	9,617,536.56
P	P	100.00			100.00	42,124.73	-	42,124.73	-	-	100.00
R-II	R	-			-	(0.00)	-	(0.00)	-	-	-


Total		712,410,121.00			712,410,121.00	3,724,972.86	2,966,906.54	6,691,879.40	-	-	709,443,214.46


	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	06/27/03	07/24/03		A-Act/360	64352VCV1	243,773,000.00	1,000.000000	1.050000	5.142308	6.192308	994.857692
A-2	06/27/03	07/24/03		A-Act/360	64352VCW9	241,578,000.00	1,000.000000	1.042222	3.595941	4.638163	996.404059
A-3	06/27/03	07/24/03		A-Act/360	64352VCX7	127,321,000.00	1,000.000000	1.073333	6.630219	7.703553	993.369781
M-1	06/27/03	07/24/03		A-Act/360	64352VCZ2	31,346,000.00	1,000.000000	1.407778	-	1.407778	1,000.000000
M-2	06/27/03	07/24/03		A-Act/360	64352VDA6	26,716,000.00	1,000.000000	2.271111	-	2.271111	1,000.000000
M-3	06/27/03	07/24/03		A-Act/360	64352VDB4	10,686,000.00	1,000.000000	2.644444	-	2.644444	1,000.000000
M-4	06/27/03	07/24/03		A-Act/360	64352VDC2	8,192,000.00	1,000.000000	3.632222	-	3.632222	1,000.000000
M-5	06/27/03	07/24/03		A-Act/360	64352VDD0	4,987,000.00	1,000.000000	3.710000	-	3.710000	1,000.000000
M-6	06/27/03	07/24/03		A-Act/360	64352VDE8	8,193,000.00	1,000.000000	3.710000	-	3.710000	1,000.000000
CE	06/01/03	06/30/03		A-30/360	NC0303101	503,223,135.65	1,434.807128	5.617262	0.000963	5.618224	1,428.910358
P				-	NC0303102	100.00	1,000.000000	421,247.300000	-	421,247.300000	1,000.000000
R-II				-	NC0303103	-	-	-	-	-	-


							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for July 25, 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	243,773,000.00		255,961.65		1,038,228.53	215,327.25	1,253,555.78	1,509,517.43	-	-	242,519,444.22
A-2	241,578,000.00		251,777.96		660,066.37	208,633.79	868,700.16	1,120,478.12	-	-	240,709,299.84
A-3	127,321,000.00		136,657.87		729,840.95	114,325.22	844,166.17	980,824.04	-	-	126,476,833.83
M-1	31,346,000.00		44,128.20		-	-	-	44,128.20	-	-	31,346,000.00
M-2	26,716,000.00		60,675.00		-	-	-	60,675.00	-	-	26,716,000.00
M-3	10,686,000.00		28,258.53		-	-	-	28,258.53	-	-	10,686,000.00
M-4	8,192,000.00		29,755.16		-	-	-	29,755.16	-	-	8,192,000.00
M-5	4,987,000.00		18,501.77		-	-	-	18,501.77	-	-	4,987,000.00
M-6	8,193,000.00		30,396.03		-	-	-	30,396.03	-	-	8,193,000.00
CE	9,618,021.00		2,826,735.96		396.54	87.89	484.44	2,827,220.40	-	-	9,617,536.56
P	100.00		42,124.73		-	-	-	42,124.73	-	-	100.00
R-II	-		(0.00)		-	-	-	(0.00)	-	-	-


Total	712,410,121.00		3,724,972.86		2,428,532.39	538,374.15	2,966,906.54	6,691,879.40	-	-	709,443,214.46


	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	1.35000%	243,773,000.00			255,961.65	-	-	-	255,961.65	255,961.65	-
A-2	1.34000%	241,578,000.00			251,777.96	-	-	-	251,777.96	251,777.96	-
A-3	1.38000%	127,321,000.00			136,657.87	-	-	-	136,657.87	136,657.87	-
M-1	1.81000%	31,346,000.00			44,128.20	-	-	-	44,128.20	44,128.20	-
M-2	2.92000%	26,716,000.00			60,675.00	-	-	-	60,675.00	60,675.00	-
M-3	3.40000%	10,686,000.00			28,258.53	-	-	-	28,258.53	28,258.53	-
M-4	4.67000%	8,192,000.00			29,755.16	-	-	-	29,755.16	29,755.16	-
M-5	4.77000%	4,987,000.00			18,501.77	-	-	-	18,501.77	18,501.77	-
M-6	4.77000%	8,193,000.00			30,396.03	-	-	-	30,396.03	30,396.03	-
CE	4.76142%	722,028,142.00			2,826,735.96	-	-	-	2,826,735.96	2,826,735.96	-
P		100.00			-	-	-	-	-	42,124.73	-
R-II		-			-	-	-	-	-	(0.00)	0.00


Total		1,424,820,242.00			3,682,848.13	-	-	-	3,682,848.13	3,724,972.86	0.00


							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collection Account Report for July 25, 2003 Distribution


	Collection Account Report


SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Principal Collections				844,304.03	868,842.02	1,253,760.49	2,966,906.54
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				844,304.03	868,842.02	1,253,760.49	2,966,906.54

	Interest Collections				951,949.54	1,766,739.90	1,777,721.80	4,496,411.24
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	42,124.73
	Interest Fees				(62,180.38)	(117,979.84)	(119,052.04)	(299,212.26)
	TOTAL NET INTEREST				889,769.17	1,648,760.06	1,658,669.76	4,239,323.72

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				1,734,073.20	2,517,602.08	2,912,430.25	7,206,230.26


PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received				114,325.22	208,633.79	215,327.25	538,286.26
	Curtailments				11,128.81	19,503.88	30,936.73	61,569.42
	Prepayments in Full				718,850.00	640,704.35	1,007,496.51	2,367,050.86
	Repurchses/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Interest				(15,283.87)	(16,479.91)	(19,095.93)	(50,859.71)
	Realized Losses				0.00	0.00	0.00	0.00
	Loss Recoveries				0.00	0.00	0.00	0.00
	Substitution Shortfalls				0.00	0.00	0.00	0.00
	Loan Adjustments				0.00	0.00	0.00	0.00
	Advanced Principal				15,283.87	16,479.91	19,095.93	50,859.71
	TOTAL PRINCIPAL COLLECTED				844,304.03	868,842.02	1,253,760.49	2,966,906.54


				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collection Account Report for July 25, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Interest				960,594.92	1,777,076.98	1,789,029.71	4,526,701.61
	Repurchased Interest				0.00	0.00	0.00	0.00
	Liquidation Interest				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Net Prepayment Interest Shortfalls				0.00	0.00	0.00	0.00
	Delinquent Interest				(139,473.70)	(169,538.72)	(177,878.70)	(486,891.12)
	Realized Losses				0.00	0.00	0.00	0.00
	Compensating Interest				0.00	0.00	0.00	0.00
	Subsistution Shortfalls				0.00	0.00	0.00	0.00
	Civil Releif Act Shortfalls				0.00	0.00	0.00	0.00
	Loss Recoveries				0.00	0.00	0.00	0.00
	Loan Adjustments				0.00	0.00	0.00	0.00
	Interest Advanced				130,828.32	159,201.64	166,570.79	456,600.75

	TOTAL INTEREST COLLECTED				951,949.54	1,766,739.90	1,777,721.80	4,496,411.24


				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collection Account Report for July 25, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							42,124.73
	Available Funds Cap Account Distributions							0.00
	Available Fund Cap Account Interest Earnings							0.00

	TOTAL INTEREST OTHER ACCOUNTS							42,124.73


INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				61,686.88	117,043.49	118,107.18	296,837.55
	Trustee Fee				493.50	936.35	944.86	2,374.71
	Extraordinary Trust Fund Expenses				0.00	0.00	0.00	0.00

	TOTAL INTEREST OTHER FEES				62,180.38	117,979.84	119,052.04	299,212.26


				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Credit Enhancement Report for July 25, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS					GROUP 3	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
	Deposits to the Available Funds Cap Reserve Account							0.00
	Available Funds Cap Account Interest Earnings							0.00
	Amounts Withdrawn to Pay Net WAC Carryover							0.00
	Interest Earnings Paid to Class CE							0.00
	Ending Available Funds Cap Reserve Account Balance							1,000.00


INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Overcollateralized Amount							9,617,536.63

	Overcollateralization Target Amount							9,617,536.63

	Overcollateralization Increase Amount							0.00

	Overcollateralization Reduction Amount							484.44

	Credit Enhancement Percentage							14.058633%


				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collateral Report for July 25, 2003 Distribution


	Collateral Report


COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*				839	1739	1792	4370
	Prior				-	-	-	-
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(4)	(5)	(8)	(17)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				835	1,734	1,784	4,353

	*Principal Balance:*
	Original				148,048,508.16	280,904,369.18	283,457,243.73	712,410,121.07
	Prior				-	-	-	-
	Prefunding				-	-	-	-
	Scheduled Principal				(114,325.22)	(208,633.79)	(215,327.25)	(538,286.26)
	Partial and Full Voluntary Prepayments				(729,978.81)	(660,208.23)	(1,038,433.24)	(2,428,620.28)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				147,204,204.13	280,035,527.16	282,203,483.24	709,443,214.53

PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collateral Report for July 25, 2003 Distribution


	Collateral Report


CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original				7.786056%	7.591524%	7.573755%	7.624880%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current				7.786056%	7.591524%	7.573755%	7.624880%
	Weighted Average Months to Maturity Original				349	350	357	353
	Weighted Average Months to Maturity Prior				-	-	-	-
	Weighted Average Months to Maturity Current				349	350	357	353
	Weighted Avg Remaining Amortization Term Original				348	349	356	352
	Weighted Avg Remaining Amortization Term Prior				-	-	-	-
	Weighted Avg Remaining Amortization Term Current				348	349	356	352
	Weighted Average Seasoning Original				1.20	1.14	1.10	1.14
	Weighted Average Seasoning Prior				-	-	-	-
	Weighted Average Seasoning Current				1.20	1.14	1.10	1.14

Note: Original information refers to deal issue.


	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Collateral Report for July 25, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original				3.590%	4.157%	4.779%
	Weighted Average Margin Prior
	Weighted Average Margin Current				3.590%	4.157%	4.779%
	Weighted Average Max Rate Original				9.353%	10.964%	12.357%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current				9.353%	10.964%	12.357%
	Weighted Average Min Rate Original				4.820%	5.703%	6.401%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current				4.820%	5.703%	6.401%
	Weighted Average Cap Up Original				1.316%	1.562%	1.708%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current				1.316%	1.562%	1.708%
	Weighted Average Cap Down Original				1.316%	1.562%	1.708%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current				1.316%	1.562%	1.708%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				53,041.50	106,706.41	106,799.27	266,547.18
	Delinquent Servicing Fees				8,645.38	10,337.08	11,307.91	30,290.37
	TOTAL SERVICING FEES				61,686.88	117,043.49	118,107.18	296,837.55

	Total Servicing Fees				70,332.26	127,380.57	129,415.09	327,127.92
	Delinquent Servicing Fees				(8,645.38)	(10,337.08)	(11,307.91)	(30,290.37)
	Compensating Interest				0.00	0.00	0.00	0.00
	COLLECTED SERVICING FEES				61,686.88	117,043.49	118,107.18	296,837.55


ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Prepayment Interest Shortfall				0.00	0.00	0.00	0.00
	Compensating Interest				0.00	0.00	0.00	0.00
	NET PREPAYMENT INTERET SHORTFALLS				0.00	0.00	0.00	0.00

	Principal Advances				15,283.87	16,479.91	19,095.93	50,859.71
	Interest Advances				130,828.32	159,201.64	166,570.79	456,600.75
	TOTAL ADVANCES				146,112.19	175,681.55	185,666.72	507,460.46


				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Delinquency Report for July 25, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1,651,329.89	-	-	1,651,329.89
		% Balance			0.23%	0.00%	0.00%	0.23%
		# Loans			14	-	-	14
		% # Loans			0.32%	0.00%	0.00%	0.32%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		649,778.28	-	-	-	649,778.28
		% Balance		0.09%	0.00%	0.00%	0.00%	0.09%
		# Loans		2	-	-	-	2
		% # Loans		0.05%	0.00%	0.00%	0.00%	0.05%
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		649,778.28	1,651,329.89	-	-	2,301,108.17
		% Balance		0.09%	0.23%	0.00%	0.00%	0.32%
		# Loans		2	14	-	-	16
		% # Loans		0.05%	0.32%	0.00%	0.00%	0.37%
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 11 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Delinquency Report for July 25, 2003 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			385,876.38	-	-	385,876.38
		% Balance			0.14%	0.00%	0.00%	0.14%
		# Loans			3	-	-	3
		% # Loans			0.17%	0.00%	0.00%	0.17%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	385,876.38	-	-	385,876.38
		% Balance		0.00%	0.14%	0.00%	0.00%	0.14%
		# Loans		-	3	-	-	3
		% # Loans		0.00%	0.17%	0.00%	0.00%	0.17%
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 12 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Delinquency Report for July 25, 2003 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			877,802.38	-	-	877,802.38
		% Balance			0.31%	0.00%	0.00%	0.31%
		# Loans			6	-	-	6
		% # Loans			0.35%	0.00%	0.00%	0.35%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		203,876.41	-	-	-	203,876.41
		% Balance		0.07%	0.00%	0.00%	0.00%	0.07%
		# Loans		1	-	-	-	1
		% # Loans		0.06%	0.00%	0.00%	0.00%	0.06%
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		203,876.41	877,802.38	-	-	1,081,678.79
		% Balance		0.07%	0.31%	0.00%	0.00%	0.39%
		# Loans		1	6	-	-	7
		% # Loans		0.06%	0.35%	0.00%	0.00%	0.40%
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 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Delinquency Report for July 25, 2003 Distribution


	Delinquency Report - Group 3 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			387,651.13	-	-	387,651.13
		% Balance			0.26%	0.00%	0.00%	0.26%
		# Loans			5	-	-	5
		% # Loans			0.60%	0.00%	0.00%	0.60%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		445,901.87	-	-	-	445,901.87
		% Balance		0.30%	0.00%	0.00%	0.00%	0.30%
		# Loans		1	-	-	-	1
		% # Loans		0.12%	0.00%	0.00%	0.00%	0.12%
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		445,901.87	387,651.13	-	-	833,553.00
		% Balance		0.30%	0.26%	0.00%	0.00%	0.57%
		# Loans		1	5	-	-	6
		% # Loans		0.12%	0.60%	0.00%	0.00%	0.72%
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 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	REO Report for July 25, 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				Loan Group 3 = Group 3 Group; REO Book Value = 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 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Prepayment Report for July 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans				4	5	8	17
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				4	5	8	17

	Paid in Full Balance				718,850.00	640,704.35	1,007,496.51	2,367,050.86
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				11,128.81	19,503.88	30,936.73	61,569.42
	Total Prepayment Amount				729,978.81	660,208.23	1,038,433.24	2,428,620.28

	*Cumulative*
	Number of Paid in Full Loans				4	5	8	17
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				4	5	8	17

	Paid in Full Balance				718,850.00	640,704.35	1,007,496.51	2,367,050.86
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				11,128.81	19,503.88	30,936.73	61,569.42
	Total Prepayment Amount				729,978.81	660,208.23	1,038,433.24	2,428,620.28

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Prepayment Report for July 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	SMM				0.49%	0.24%	0.37%	0.34%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.49%	0.24%	0.37%	0.34%

	CPR				5.76%	2.79%	4.31%	4.02%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				5.76%	2.79%	4.31%	4.02%

	PSA				2401.74%	1220.13%	1951.45%	1763.65%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				2401.74%	1220.13%	1951.45%	1763.65%



	Group 1		Group 3
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Prepayment Report for July 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1		Group 3
	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 18 of 25				© COPYRIGHT 2003 Deutsche Bank


	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Prepayment Detail Report for July 25, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 17						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 2,367,547.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 2,367,050.86						Loan Group 3 = Group 3 Group


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

866837 1			140,000.00	140,000.00	Jul-01-03	9.100%	NJ - 75.68%	Paid Off - 360	May-16-03
879207 1			180,000.00	179,849.51	Jul-01-03	6.900%	IL - 89.92%	Paid Off - 360	May-06-03
892974 1			160,200.00	160,200.00	Jul-01-03	7.750%	ID - 90.00%	Paid Off - 360	May-30-03
909716 1			92,000.00	92,000.00	Jul-01-03	7.950%	CA - 78.63%	Paid Off - 360	May-29-03
911173 1			156,697.00	156,697.00	Jul-01-03	8.990%	TN - 85.00%	Paid Off - 360	May-30-03
911431 1			114,750.00	114,750.00	Jul-01-03	8.900%	IL - 85.00%	Paid Off - 360	May-27-03
913447 1			84,000.00	84,000.00	Jul-01-03	9.750%	OH - 80.00%	Paid Off - 360	May-29-03
925675 1			80,000.00	80,000.00	Jul-01-03	8.500%	TN - 80.00%	Paid Off - 360	May-29-03
853829 2			212,300.00	211,954.35	Jul-01-03	7.050%	NC - 89.85%	Paid Off - 360	Apr-30-03
898775 2			125,000.00	125,000.00	Jul-01-03	9.350%	NY - 34.25%	Paid Off - 360	May-21-03
908289 2			48,750.00	48,750.00	Jul-01-03	10.100%	AL - 75.00%	Paid Off - 360	May-30-03
913976 2			99,000.00	99,000.00	Jul-01-03	7.500%	FL - 90.00%	Paid Off - 360	May-30-03
933270 2			156,000.00	156,000.00	Jul-01-03	8.600%	MA - 80.00%	Paid Off - 360	May-30-03
883078 3			338,000.00	338,000.00	Jul-01-03	4.800%	CA - 56.33%	Paid Off - 300	Apr-22-03
916193 3			87,000.00	87,000.00	Jul-01-03	8.610%	NV - 48.07%	Paid Off - 360	May-30-03
928118 3			164,350.00	164,350.00	Jul-01-03	6.990%	NJ - 95.00%	Paid Off - 360	May-30-03
928291 3			129,500.00	129,500.00	Jul-01-03	10.250%	CA - 70.00%	Paid Off - 360	May-30-03


					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Realized Loss Report for July 25, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES					GROUP 3	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
	Cumulative Bankruptcy Losses							0.00


	Group 1		Group 3				3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Realized Loss Report for July 25, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	MDR				0.00%	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%	0.00%

	CDR				0.00%	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%	0.00%

	SDA				0.00%	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%	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 3
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Realized Loss Report for July 25, 2003 Distribution


	Realized Loss Report - Collateral

	Group 1		Group 3
	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 22 of 25				© COPYRIGHT 2003 Deutsche Bank


	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Realized Loss Detail Report for July 25, 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						Loan Group 3 = Group 3 Group
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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Has a Stepdown Date occurred?							No

	Is there a Trigger Event in effect?							No

	Has the Optional Termination Event been reached?							No

	Has Master Servicer Failed Test							No

	Is Overcollateralization Step-Up Trigger in Effect?							No


ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	New Century Home Equity Loan Trust 2003-3
	Asset Backed Certificates

	Additional Certificate Report for July 25, 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-3		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
	M-5		0.00	0.00	0.00	0.00	0.00	0.00
	M-6		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 25 of 25				© COPYRIGHT 2003 Deutsche Bank

NEW CENTURY HOME EQUITY LOAN TRUST SERIES 2003-3 8-K