UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2005 (Date of earliest event reported) New Century Mortgage Securities Inc. (as Depositor under the Pooling & Servicing agreement, dated as September 1, 2005, providing for the issuance of New Century Home Equity Loan Trust Asset-Backed Pass-Through Certificates Series 2005-B) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-123394-02 33-0852169 (Commission File Number) (I.R.S. Employer Identification No.) 18400 Von Karman, Suite 1000 Irvine, California 92612 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (949) 863-7243 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of New Century Home Equity Loan Trust Asset Backed Pass-through Certificates, Series 2005-B which was made on September 1, 2005 Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of October 25, 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. DEUTSCHE BANK NATIONAL TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF NEW CENTURY MORTGAGE SECURITIES INC., REGISTRANT Date: Oct 28, 2005 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of October 25, 2005.

Washington, D.C. 20549



New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				NC Capital Corp.						1. Certificate Payment Report					2
				NC Capital Corp.						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					14

										7. Foreclosure Report					15
										8. Prepayment Report					16
										9. Prepayment Detail Report					19
										9. Prepayment Detail Report					19
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)						11. Realized Loss Detail Report					23
				Servicer(s)						12. Triggers and Adj. Cert. Report					24
				Ocwen Federal						12. Triggers and Adj. Cert. Report					24
				Ocwen Federal						13. Additional Certificate Report					25
										13. Additional Certificate Report					25


				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					25
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			September 01, 2005			Eiko Akiyama
				Close Date:			September 29, 2005			Administrator
				First Distribution Date:			October 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	FLT, SR	$	590,249,000.00		590,249,000.00		1,743,529.96		3,568,480.67		5,312,010.63		0.00		0.00		586,680,519.33
A-1	FLT, SR	$	590,249,000.00		590,249,000.00		1,743,529.96		3,568,480.67		5,312,010.63		0.00		0.00		586,680,519.33
A-2A	FLT, SR	$	400,000,000.00		400,000,000.00		1,144,000.00		5,436,829.91		6,580,829.91		0.00		0.00		394,563,170.09
A-2B	FLT, SR	$	245,000,000.00		245,000,000.00		711,316.67		0.00		711,316.67		0.00		0.00		245,000,000.00
A-2C	FLT, SR	$	244,750,000.00		244,750,000.00		728,267.22		0.00		728,267.22		0.00		0.00		244,750,000.00
A-2D	FLT, SR	$	93,969,000.00		93,969,000.00		287,753.96		0.00		287,753.96		0.00		0.00		93,969,000.00
M-1	MEZ, FLT	$	78,998,000.00		78,998,000.00		246,473.76		0.00		246,473.76		0.00		0.00		78,998,000.00
M-2	MEZ, FLT	$	60,999,000.00		60,999,000.00		190,757.43		0.00		190,757.43		0.00		0.00		60,999,000.00
M-3	MEZ, FLT	$	46,999,000.00		46,999,000.00		147,655.19		0.00		147,655.19		0.00		0.00		46,999,000.00
M-4	MEZ, FLT	$	34,999,000.00		34,999,000.00		112,482.90		0.00		112,482.90		0.00		0.00		34,999,000.00
M-5	MEZ, FLT	$	39,999,000.00		39,999,000.00		129,707.87		0.00		129,707.87		0.00		0.00		39,999,000.00
M-6	MEZ, FLT	$	23,000,000.00		23,000,000.00		75,580.56		0.00		75,580.56		0.00		0.00		23,000,000.00
M-7	MEZ, FLT	$	31,999,000.00		31,999,000.00		118,787.40		0.00		118,787.40		0.00		0.00		31,999,000.00
M-8	MEZ, FLT	$	24,000,000.00		24,000,000.00		91,693.33		0.00		91,693.33		0.00		0.00		24,000,000.00
M-9	MEZ, FLT	$	22,000,000.00		22,000,000.00		89,613.33		0.00		89,613.33		0.00		0.00		22,000,000.00
CE-1	RES	$	23,248,857.46		23,248,857.46		4,362,255.22		118.80		4,362,374.02		0.00		0.00		23,248,738.66
CE-2	RES	$	39,750,000.00		39,750,000.00		0.00		0.00		0.00		0.00		0.00		39,750,000.00
P	RES	$	100.00		100.00		7,316.72		0.00		7,316.72		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,999,959,957.46		1,999,959,957.46		10,187,191.52		9,005,429.38		19,192,620.90		0.00		0.00		1,990,954,528.08
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	09/29/05		10/24/05		A-Act/360		64352VNE7		590,249,000.00		1,000.000000		2.953889		6.045721		8.999610	993.954279
A-2A	09/29/05		10/24/05		A-Act/360		64352VNF4		400,000,000.00		1,000.000000		2.860000		13.592075		16.452075	986.407925
A-2B	09/29/05		10/24/05		A-Act/360		64352VNG2		245,000,000.00		1,000.000000		2.903333		0.000000		2.903333	1,000.000000
A-2C	09/29/05		10/24/05		A-Act/360		64352VNH0		244,750,000.00		1,000.000000		2.975556		0.000000		2.975556	1,000.000000
A-2D	09/29/05		10/24/05		A-Act/360		64352VNJ6		93,969,000.00		1,000.000000		3.062222		0.000000		3.062222	1,000.000000
M-1	09/29/05		10/24/05		A-Act/360		64352VNK3		78,998,000.00		1,000.000000		3.120000		0.000000		3.120000	1,000.000000
M-2	09/29/05		10/24/05		A-Act/360		64352VNL1		60,999,000.00		1,000.000000		3.127222		0.000000		3.127222	1,000.000000
M-3	09/29/05		10/24/05		A-Act/360		64352VNM9		46,999,000.00		1,000.000000		3.141667		0.000000		3.141667	1,000.000000
M-4	09/29/05		10/24/05		A-Act/360		64352VNN7		34,999,000.00		1,000.000000		3.213889		0.000000		3.213889	1,000.000000
M-5	09/29/05		10/24/05		A-Act/360		64352VNP2		39,999,000.00		1,000.000000		3.242778		0.000000		3.242778	1,000.000000
M-6	09/29/05		10/24/05		A-Act/360		64352VNQ0		23,000,000.00		1,000.000000		3.286111		0.000000		3.286111	1,000.000000
M-7	09/29/05		10/24/05		A-Act/360		64352VNR8		31,999,000.00		1,000.000000		3.712222		0.000000		3.712222	1,000.000000
M-8	09/29/05		10/24/05		A-Act/360		64352VNS6		24,000,000.00		1,000.000000		3.820555		0.000000		3.820555	1,000.000000
M-9	09/29/05		10/24/05		A-Act/360		64352VNT4		22,000,000.00		1,000.000000		4.073333		0.000000		4.073333	1,000.000000
CE-1	09/29/05		10/02/05		A-Act/360				23,248,857.46		1,000.000000		187.633101		0.005110		187.638211	999.994890
CE-2	09/29/05		10/02/05		A-Act/360				39,750,000.00		1,000.000000		0.000000		0.000000		0.000000	1,000.000000
P	09/29/05		10/02/05		A-Act/360				100.00		1,000.000000		73,167.200000		0.000000		73,167.200000	1,000.000000
R	09/29/05		10/02/05		A-Act/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

Distribution to Date - REMIC III
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	590,249,000.00		1,743,529.96		2,895,769.99		672,710.68		3,568,480.67		5,312,010.63		0.00		0.00		586,680,519.33
A-2A	400,000,000.00		1,144,000.00		4,411,908.13		1,024,921.78		5,436,829.91		6,580,829.91		0.00		0.00		394,563,170.09
A-2B	245,000,000.00		711,316.67		0.00		0.00		0.00		711,316.67		0.00		0.00		245,000,000.00
A-2C	244,750,000.00		728,267.22		0.00		0.00		0.00		728,267.22		0.00		0.00		244,750,000.00
A-2D	93,969,000.00		287,753.96		0.00		0.00		0.00		287,753.96		0.00		0.00		93,969,000.00
M-1	78,998,000.00		246,473.76		0.00		0.00		0.00		246,473.76		0.00		0.00		78,998,000.00
M-2	60,999,000.00		190,757.43		0.00		0.00		0.00		190,757.43		0.00		0.00		60,999,000.00
M-3	46,999,000.00		147,655.19		0.00		0.00		0.00		147,655.19		0.00		0.00		46,999,000.00
M-4	34,999,000.00		112,482.90		0.00		0.00		0.00		112,482.90		0.00		0.00		34,999,000.00
M-5	39,999,000.00		129,707.87		0.00		0.00		0.00		129,707.87		0.00		0.00		39,999,000.00
M-6	23,000,000.00		75,580.56		0.00		0.00		0.00		75,580.56		0.00		0.00		23,000,000.00
M-7	31,999,000.00		118,787.40		0.00		0.00		0.00		118,787.40		0.00		0.00		31,999,000.00
M-8	24,000,000.00		91,693.33		0.00		0.00		0.00		91,693.33		0.00		0.00		24,000,000.00
M-9	22,000,000.00		89,613.33		0.00		0.00		0.00		89,613.33		0.00		0.00		22,000,000.00
CE-1	23,248,857.46		4,362,255.22		0.00		0.00		118.80		4,362,374.02		0.00		0.00		23,248,738.66
CE-2	39,750,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		39,750,000.00
P	100.00		7,316.72		0.00		0.00		0.00		7,316.72		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	1,999,959,957.46		10,187,191.52		7,307,678.12		1,697,632.46		9,005,429.38		19,192,620.90		0.00		0.00		1,990,954,528.08


Interest Detail - REMIC III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	4.09000%		590,249,000.00		1,743,529.96		0.00		0.00		0.00		1,743,529.96		1,743,529.96		0.00
A-2A	3.96000%		400,000,000.00		1,144,000.00		0.00		0.00		0.00		1,144,000.00		1,144,000.00		0.00
A-2B	4.02000%		245,000,000.00		711,316.67		0.00		0.00		0.00		711,316.67		711,316.67		0.00
A-2C	4.12000%		244,750,000.00		728,267.22		0.00		0.00		0.00		728,267.22		728,267.22		0.00
A-2D	4.24000%		93,969,000.00		287,753.96		0.00		0.00		0.00		287,753.96		287,753.96		0.00
M-1	4.32000%		78,998,000.00		246,473.76		0.00		0.00		0.00		246,473.76		246,473.76		0.00
M-2	4.33000%		60,999,000.00		190,757.43		0.00		0.00		0.00		190,757.43		190,757.43		0.00
M-3	4.35000%		46,999,000.00		147,655.19		0.00		0.00		0.00		147,655.19		147,655.19		0.00
M-4	4.45000%		34,999,000.00		112,482.90		0.00		0.00		0.00		112,482.90		112,482.90		0.00
M-5	4.49000%		39,999,000.00		129,707.87		0.00		0.00		0.00		129,707.87		129,707.87		0.00
M-6	4.55000%		23,000,000.00		75,580.56		0.00		0.00		0.00		75,580.56		75,580.56		0.00
M-7	5.14000%		31,999,000.00		118,787.40		0.00		0.00		0.00		118,787.40		118,787.40		0.00
M-8	5.29000%		24,000,000.00		91,693.33		0.00		0.00		0.00		91,693.33		91,693.33		0.00
M-9	5.64000%		22,000,000.00		89,613.33		0.00		0.00		0.00		89,613.33		89,613.33		0.00
CE-1	1,688.69791%		23,248,857.46		0.00		0.00		0.00		0.00		0.00		4,362,255.22		0.00
CE-2	0.00000%		39,750,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		7,316.72		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,999,959,957.46		5,817,619.58		0.00		0.00		0.00		5,817,619.58		10,187,191.52		0.00



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

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										5,436,901.63		3,568,527.75		9,005,429.38
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										5,436,901.63		3,568,527.75		9,005,429.38
Interest Collections										7,034,854.78		4,241,930.27		11,276,785.05
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		7,316.72		-500,134.67
Interest Fees										-367,281.99		-222,176.87		-589,458.86
TOTAL NET INTEREST										6,667,572.79		4,027,070.12		10,694,642.91
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										12,104,474.42		7,595,597.87		19,192,620.90



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											1,197,439.42		500,193.04		1,697,632.46
Curtailments											62,242.37		58,993.20		121,235.57
Prepayments In Full											520,050.04		424,939.37		944,989.41
Repurchased/Substitutions											3,657,169.80		2,584,402.14		6,241,571.94
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											-376,383.31		-256,222.77		-632,606.08
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											376,383.31		256,222.77		632,606.08
TOTAL PRINCIPAL COLLECTED											5,436,901.63		3,568,527.75		9,005,429.38


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 4 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										7,346,988.89		4,425,527.08		11,772,515.97
Repurchased/Substitution Interest										21,887.11		15,952.15		37,839.26
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-161.98		-126.94		-288.92
Delinquent Interest										-4,763,048.20		-2,841,972.36		-7,605,020.56
Compensating Interest										161.99		126.94		288.93
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										4,429,026.97		2,642,423.40		7,071,450.37
TOTAL INTEREST COLLECTED										7,034,854.78		4,241,930.27		11,276,785.05


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges										0.00		7,316.72		7,316.72
Swap Payment Amount														-507,451.39
TOTAL INTEREST OTHER ACCOUNTS										0.00		7,316.72		-500,134.67



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										186,541.54		112,906.27		299,447.82
Trustee Fees										1,405.52		843.63		2,249.15
PMI Fees										179,334.93		108,426.97		287,761.89
TOTAL INTEREST FEES										367,281.99		222,176.87		589,458.86




Page 5 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Beginning Overcollateralization Amount														62,998,857.46
Overcollateralization Target Amount														62,998,738.66
Overcollateralization Reduction Amount														118.80
Beginning Overcollateralization Increase Amount														0.00
Ending Overcollateralization Increase Amount														0.00
Ending Overcollateralized Amount														62,998,738.66


Credit Enhancement Percentage														21.396357%
Credit Enhancement Percentage - Prior														21.307656%


Page 6 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										5,988		4,490		10,478
Prior										5,988		4,490		10,478
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-4		-2		-6
Repurchases										-14		-14		-28
Liquidations										-0		-0		-0
Current										5,970		4,474		10,444
Principal Balance:


Original										1,249,350,637.06		749,892,569.05		1,999,243,206.11
Prior										1,249,350,637.06		749,892,569.05		1,999,243,206.11
Prefunding										610,174.45		106,576.90		716,751.35
Scheduled Principal										-1,197,439.42		-500,193.04		-1,697,632.46
Partial Prepayments										-62,242.37		-58,993.20		-121,235.57
Full Voluntary Prepayments										-520,050.04		-424,939.37		-944,989.41
Repurchases										-3,657,169.80		-2,584,402.14		-6,241,571.94
Liquidations										-0.00		-0.00		-0.00
Current										1,244,523,909.88		746,430,618.20		1,990,954,528.08





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Closing Date Deposit Original Balance										610,174.45		106,576.90		716,751.35
Closing Date Deposit Release to Certificate Holders										610,174.45		106,576.90		716,751.35
Closing Date Deposit Ending Balance										0.00		0.00		0.00






Page 7 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.07780%		7.10738%		7.08890%
Weighted Average Coupon Prior										7.07780%		7.10738%		7.08890%
Weighted Average Coupon Current										7.07780%		7.10738%		7.08890%
Weighted Average Months to Maturity Original										356		356		356
Weighted Average Months to Maturity Prior										356		356		356
Weighted Average Months to Maturity Current										356		356		356
Weighted Avg Remaining Amortization Term Original										356		356		356
Weighted Avg Remaining Amortization Term Prior										356		356		356
Weighted Avg Remaining Amortization Term Current										356		356		356
Weighted Average Seasoning Original										1.20		1.20		1.20
Weighted Average Seasoning Prior										1.20		1.20		1.20
Weighted Average Seasoning Current										1.20		1.20		1.20









Page 8 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.86072%		5.87726%		5.86685%
Weighted Average Margin Prior										5.86072%		5.87726%		5.86685%
Weighted Average Margin Current										5.86072%		5.87726%		5.86685%
Weighted Average Max Rate Original										14.00878%		14.13639%		14.05608%
Weighted Average Max Rate Prior										14.00878%		14.13639%		14.05608%
Weighted Average Max Rate Current										14.00878%		14.13639%		14.05608%
Weighted Average Min Rate Original										7.01291%		7.14003%		7.06003%
Weighted Average Min Rate Prior										7.01291%		7.14003%		7.06003%
Weighted Average Min Rate Current										7.01291%		7.14003%		7.06003%
Weighted Average Cap Up Original										1.49813%		1.49842%		1.49824%
Weighted Average Cap Up Prior										1.49813%		1.49842%		1.49824%
Weighted Average Cap Up Current										1.49813%		1.49842%		1.49824%
Weighted Average Cap Down Original										1.49813%		1.49842%		1.49824%
Weighted Average Cap Down Prior										1.49813%		1.49842%		1.49824%
Weighted Average Cap Down Current										1.49813%		1.49842%		1.49824%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										186,541.54		112,906.27		299,447.82
Delinquent Servicing Fees										334,021.22		199,548.97		533,570.19
TOTAL SERVICING FEES										520,562.77		312,455.24		833,018.01


Total Servicing Fees										520,562.77		312,455.24		833,018.01
Compensating Interest										-161.99		-126.94		-288.93
Delinquent Servicing Fees										-334,021.22		-199,548.97		-533,570.19
COLLECTED SERVICING FEES										186,379.56		112,779.33		299,158.89


Total Advanced Interest										4,429,026.97		2,642,423.40		7,071,450.37
Total Advanced Principal										376,383.31		256,222.77		632,606.08
Aggregate Advances with respect to this Distribution										4,805,410.28		2,898,646.17		7,704,056.45





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										161.98		126.94		288.92
Compensating Interest										-161.99		-126.94		-288.93
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00




Page 9 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		1,582,895.27		0.00		0.00		0.00		1,582,895.27
			% Balance		0.08%		0.00%		0.00%		0.00%		0.08%
			# Loans		9		0		0		0		9
			% # Loans		0.09%		0.00%		0.00%		0.00%		0.09%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		1,582,895.27		0.00		0.00		0.00		1,582,895.27
			% Balance		0.08%		0.00%		0.00%		0.00%		0.08%
			# Loans		9		0		0		0		9
			% # Loans		0.09%		0.00%		0.00%		0.00%		0.09%









Page 10 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		747,906.50		0.00		0.00		0.00		747,906.50
			% Balance		0.10%		0.00%		0.00%		0.00%		0.10%
			# Loans		5		0		0		0		5
			% # Loans		0.11%		0.00%		0.00%		0.00%		0.11%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		747,906.50		0.00		0.00		0.00		747,906.50
			% Balance		0.10%		0.00%		0.00%		0.00%		0.10%
			# Loans		5		0		0		0		5
			% # Loans		0.11%		0.00%		0.00%		0.00%		0.11%










Page 11 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		834,988.77		0.00		0.00		0.00		834,988.77
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		4		0		0		0		4
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		834,988.77		0.00		0.00		0.00		834,988.77
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		4		0		0		0		4
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%










Page 12 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								0		$0.00				0.00%

60-89 Days Delinquent								0		$0.00				0.00%

90 or more Days Delinquent								0		$0.00				0.00%

Aggregate								0		$0.00				0.00%

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


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							0			$0.00				0.00%

Loans in bankruptcy proceedings								9		$1,582,895.27				0.08%

REO Properties							0			$0.00				0.00%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							10,444			$1,990,954,528.08				100.00%

30							0			$0.00				0.00%

60							0			$0.00				0.00%

90							0
90							0			$0.00				0.00%

FC							0			$0.00				0.00%

REO							0			$0.00				0.00%

Total							10,444			$1,990,954,528.08				100.00%

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

BK								9		$1,582,895.27				0.08%



Page 13 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 14 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 15 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										4		2		6
Number of Repurchased Loans										14		14		28
Total Number of Loans Prepaid in Full										18		16		34
Curtailments Amount										62,242.37		58,993.20		121,235.57
Paid in Full Balance										520,050.04		424,939.37		944,989.41
Repurchased Loans Balance										3,657,169.80		2,584,402.14		6,241,571.94
Total Prepayment Amount										4,239,462.21		3,068,334.71		7,307,796.92

Cumulative


Number of Paid in Full Loans										4		2		6
Number of Repurchased Loans										14		14		28
Total Number of Loans Prepaid in Full										18		16		34
Paid in Full Balance										520,050.04		424,939.37		944,989.41
Repurchased Loans Balance										3,657,169.80		2,584,402.14		6,241,571.94
Curtailments Amount										62,242.37		58,993.20		121,235.57
Total Prepayment Amount										4,239,462.21		3,068,334.71		7,307,796.92










Page 16 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										0.29%		0.40%		0.33%
3 Months Avg SMM										0.29%		0.40%		0.33%
12 Months Avg SMM										0.29%		0.40%		0.33%
Avg SMM Since Cut-off										0.29%		0.40%		0.33%


CPR										3.43%		4.64%		3.89%
3 Months Avg CPR										3.43%		4.64%		3.89%
12 Months Avg CPR										3.43%		4.64%		3.89%
Avg CPR Since Cut-off										3.43%		4.64%		3.89%


PSA										1,431.40%		1,928.44%		1,618.92%
3 Months Avg PSA Approximation										1,431.38%		1,928.44%		1,618.93%
12 Months Avg PSA Approximation										1,431.38%		1,928.44%		1,618.93%
Avg PSA Since Cut-off Approximation										1,431.38%		1,928.44%		1,618.93%










Page 17 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 18 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001034810 1			115,651.00		115,248.57			28-Sep-2005		8.800%		FL - 84.98%		Paid Off - 360		01-Apr-2005
			115,651.00

1002190284 2			54,590.00		54,550.04			28-Sep-2005		10.900%		AZ - 100.00%		Paid Off - 360		01-Aug-2005
1002190284 2					54,550.04			28-Sep-2005		10.900%		AZ - 100.00%		Paid Off - 360		01-Aug-2005
1002574388 1			310,000.00		309,690.80			30-Sep-2005		5.990%		HI - 62.00%		Paid Off - 360		01-Sep-2005
1002574388 1					309,690.80			30-Sep-2005		5.990%		HI - 62.00%		Paid Off - 360		01-Sep-2005
1003064310 2			310,000.00		310,000.00			30-Sep-2005		7.250%		IL - 100.00%		Paid Off - 360		01-Oct-2005
1003064310 2					310,000.00			30-Sep-2005		7.250%		IL - 100.00%		Paid Off - 360		01-Oct-2005
1003379837 2			124,400.00		124,400.00			29-Sep-2005		6.500%		NC - 100.00%		Paid Off - 360		01-Oct-2005
1003379837 2					124,400.00			29-Sep-2005		6.500%		NC - 100.00%		Paid Off - 360		01-Oct-2005
1003380193 2			31,100.00		31,100.00			29-Sep-2005		9.250%		NC - 100.00%		Paid Off - 360		01-Oct-2005
1003380193 2					31,100.00			29-Sep-2005		9.250%		NC - 100.00%		Paid Off - 360		01-Oct-2005
2209428 1			179,800.00		179,800.00			30-Sep-2005		5.990%		AZ - 71.92%		Repur/Subs - 240		01-Oct-2005
2209428 1					179,800.00			30-Sep-2005		5.990%		AZ - 71.92%		Repur/Subs - 240		01-Oct-2005
2211107 2			274,500.00		274,500.00			30-Sep-2005		6.300%		IL - 90.00%		Repur/Subs - 360		01-Oct-2005
2211107 2					274,500.00			30-Sep-2005		6.300%		IL - 90.00%		Repur/Subs - 360		01-Oct-2005
1001297803 1			190,000.00		190,000.00			30-Sep-2005		8.200%		GA - 95.00%		Repur/Subs - 360		01-Oct-2005
1001297803 1					190,000.00			30-Sep-2005		8.200%		GA - 95.00%		Repur/Subs - 360		01-Oct-2005
1001407757 2			600,000.00		600,000.00			27-Sep-2005		7.300%		CA - 92.31%		Repur/Subs - 360		01-May-2005
1001407757 2					600,000.00			27-Sep-2005		7.300%		CA - 92.31%		Repur/Subs - 360		01-May-2005
1001733182 2			69,980.00		69,931.48			22-Sep-2005		11.150%		NH - 100.00%		Repur/Subs - 360		01-Aug-2005
1001733182 2					69,931.48			22-Sep-2005		11.150%		NH - 100.00%		Repur/Subs - 360		01-Aug-2005
1001894686 1			412,000.00		411,173.51			31-Aug-2005		8.050%		IL - 80.00%		Repur/Subs - 360		01-Jul-2005
1001894686 1					411,173.51			31-Aug-2005		8.050%		IL - 80.00%		Repur/Subs - 360		01-Jul-2005
1002099883 2			366,400.00		365,599.35			19-Sep-2005		7.625%		NY - 100.00%		Repur/Subs - 360		01-Jul-2005
1002099883 2					365,599.35			19-Sep-2005		7.625%		NY - 100.00%		Repur/Subs - 360		01-Jul-2005
1002447187 1			91,350.00		91,350.00			30-Sep-2005		7.250%		MI - 95.00%		Repur/Subs - 360		01-Sep-2005
1002447187 1					91,350.00			30-Sep-2005		7.250%		MI - 95.00%		Repur/Subs - 360		01-Sep-2005
1002907233 1			172,000.00		171,888.63			14-Sep-2005		8.175%		OR - 100.00%		Repur/Subs - 360		01-Sep-2005
1002907233 1					171,888.63			14-Sep-2005		8.175%		OR - 100.00%		Repur/Subs - 360		01-Sep-2005
1002922779 2			145,710.00		145,623.97			09-Sep-2005		8.625%		AZ - 90.00%		Repur/Subs - 360		01-Sep-2005
1002922779 2					145,623.97			09-Sep-2005		8.625%		AZ - 90.00%		Repur/Subs - 360		01-Sep-2005
1002933213 2			500,000.00		500,000.00			30-Sep-2005		7.200%		CA - 89.29%		Repur/Subs - 360		01-Oct-2005
1002933213 2					500,000.00			30-Sep-2005		7.200%		CA - 89.29%		Repur/Subs - 360		01-Oct-2005
1002934392 1			200,000.00		200,000.00			30-Sep-2005		5.875%		CA - 100.00%		Repur/Subs - 360		01-Oct-2005
1002934392 1					200,000.00			30-Sep-2005		5.875%		CA - 100.00%		Repur/Subs - 360		01-Oct-2005
1002935569 1			50,000.00		50,000.00			30-Sep-2005		8.850%		CA - 100.00%		Repur/Subs - 360		01-Oct-2005
1002935569 1					50,000.00			30-Sep-2005		8.850%		CA - 100.00%		Repur/Subs - 360		01-Oct-2005
1002965198 1			295,000.00		295,000.00			30-Sep-2005		6.800%		CA - 71.08%		Repur/Subs - 360		01-Oct-2005
1002965198 1					295,000.00			30-Sep-2005		6.800%		CA - 71.08%		Repur/Subs - 360		01-Oct-2005
1003032319 2			73,815.00		73,815.00			30-Sep-2005		8.990%		ND - 95.00%		Repur/Subs - 360		01-Oct-2005
1003032319 2					73,815.00			30-Sep-2005		8.990%		ND - 95.00%		Repur/Subs - 360		01-Oct-2005
1003069324 2			189,000.00		189,000.00			30-Sep-2005		8.325%		FL - 90.00%		Repur/Subs - 360		01-Oct-2005
1003069324 2					189,000.00			30-Sep-2005		8.325%		FL - 90.00%		Repur/Subs - 360		01-Oct-2005
1003074853 2			378,000.00		378,000.00			30-Sep-2005		5.750%		CA - 63.00%		Repur/Subs - 360		01-Oct-2005
1003074853 2					378,000.00			30-Sep-2005		5.750%		CA - 63.00%		Repur/Subs - 360		01-Oct-2005
1003101707 2			360,000.00		360,000.00			30-Sep-2005		7.250%		WA - 100.00%		Repur/Subs - 360		01-Oct-2005
1003101707 2					360,000.00			30-Sep-2005		7.250%		WA - 100.00%		Repur/Subs - 360		01-Oct-2005
1003104447 1			89,810.00		89,810.00			30-Sep-2005		6.425%		TX - 100.00%		Repur/Subs - 360		01-Oct-2005
1003104447 1					89,810.00			30-Sep-2005		6.425%		TX - 100.00%		Repur/Subs - 360		01-Oct-2005
1003205908 1			233,750.00		233,750.00			30-Sep-2005		6.875%		FL - 85.00%		Repur/Subs - 360		01-Oct-2005
1003205908 1					233,750.00			30-Sep-2005		6.875%		FL - 85.00%		Repur/Subs - 360		01-Oct-2005
1003219822 1			62,300.00		62,300.00			30-Sep-2005		7.450%		OH - 70.00%		Repur/Subs - 360		01-Oct-2005
1003219822 1					62,300.00			30-Sep-2005		7.450%		OH - 70.00%		Repur/Subs - 360		01-Oct-2005
1003230649 1			181,000.00		181,000.00			30-Sep-2005		8.200%		FL - 84.98%		Repur/Subs - 360		01-Oct-2005
1003230649 1					181,000.00			30-Sep-2005		8.200%		FL - 84.98%		Repur/Subs - 360		01-Oct-2005
1003255541 2			119,600.00		119,600.00			30-Sep-2005		7.750%		TN - 100.00%		Repur/Subs - 360		01-Oct-2005
1003255541 2					119,600.00			30-Sep-2005		7.750%		TN - 100.00%		Repur/Subs - 360		01-Oct-2005
1003256014 2			29,900.00		29,900.00			30-Sep-2005		8.230%		TN - 100.00%		Repur/Subs - 360		01-Oct-2005
1003256014 2					29,900.00			30-Sep-2005		8.230%		TN - 100.00%		Repur/Subs - 360		01-Oct-2005
1003457100 2			492,000.00		492,000.00			30-Sep-2005		6.250%		CA - 100.00%		Repur/Subs - 360		01-Nov-2005
1003457100 2					492,000.00			30-Sep-2005		6.250%		CA - 100.00%		Repur/Subs - 360		01-Nov-2005
1003458564 1			238,000.00		238,000.00			30-Sep-2005		7.600%		PA - 82.07%		Repur/Subs - 360		01-Nov-2005
1003458564 1					238,000.00			30-Sep-2005		7.600%		PA - 82.07%		Repur/Subs - 360		01-Nov-2005
1003513442 1			190,330.00		190,330.00			30-Sep-2005		8.225%		FL - 70.00%		Repur/Subs - 360		01-Nov-2005
1003513442 1					190,330.00			30-Sep-2005		8.225%		FL - 70.00%		Repur/Subs - 360		01-Nov-2005
1003563673 2			59,200.00		59,200.00			30-Sep-2005		7.825%		MI - 80.00%		Repur/Subs - 360		01-Nov-2005
1003563673 2					59,200.00			30-Sep-2005		7.825%		MI - 80.00%		Repur/Subs - 360		01-Nov-2005


TOTAL			7,189,186.00		7,186,561.35
TOTAL


Page 19 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Subsequent Recoveries										0.00		0.00		0.00
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Cumulative



Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Cumulative Recoveries										0.00		0.00		0.00










Page 20 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%


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












Page 21 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 22 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 23 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						a) Does a Delinquency Trigger Event Exists								0
						Rolling 3-Mon. Delinquency Rate								0.000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current LIBOR Rate														3.840000%
Next LIBOR Rate														4.037500%
Bankruptcy Losses														0.00
Extraordinary Trust Fund Expenses														0.00




Page 24 of 25
New Century Home Equity Loan Trust 2005-B

Asset Backed Pass-Through Certificates
Asset Backed Pass-Through Certificates
2005-B

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

						Next Pass Through Rate		Interest Carryfrwd Due		Interest Carryfrwd Paid			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			A-2A			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			A-2B			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			A-2C			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			A-2D			#######		$0.00		$0.00			$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			$0.00		$0.00
			M-2			#######		$0.00		$0.00			$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			$0.00		$0.00
			M-4			#######		$0.00		$0.00			$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			$0.00		$0.00
			M-6			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			M-7			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			M-8			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			M-9			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			CE-1			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			CE-2			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			P			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00
			R			#######		$0.00		$0.00			$0.00		$0.00
						#######		$0.00		$0.00			$0.00		$0.00






Page 25 of 25

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): September 16, 2005

NEW CENTURY MORTGAGE SECURITIES, INC.

(as depositor under the Pooling and Servicing Agreement,

dated as of September 1, 2005, providing for the issuance of

Asset Backed Pass-Through Certificates, Series 2005-B)

New Century Mortgage Securities, Inc.

(Exact name of registrant as specified in its charter)

Delaware	333-123394-01	33-0852169
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification Number)
18400 Von Karman, Suite 1000 Irvine, California (Address of Principal Executive Offices)		92612 (Zip Code)

Registrant’s telephone number, including area code: (949) 863-7243

Item 2. Acquisition or Disposition of Assets

Description of the Certificates and the Mortgage Pools

On September 29, 2005, a single series of certificates, entitled New Century Home Equity Loan Trust, Series 2005-B, Asset Backed Pass-Through Certificates (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of September 1, 2005 (the “Agreement”), attached hereto as Exhibit 4.1, among New Century Mortgage Securities, Inc. as depositor (the “Depositor”), Ocwen Loan Servicing, LLC as servicer (the “Servicer”) and Deutsche Bank National Trust Company (the “Trustee”). The Certificates consist of nineteen classes of certificates (collectively, the “Certificates”), designated as the “Class A-1 Certificates,” the “Class A-2a Certificates,” the “Class A-2b Certificates,” the “Class A-2c Certificates,” the “Class A-2d Certificates,” the “Class M-1 Certificates,” the “Class M-2 Certificates,” the “Class M-3 Certificates,” the “Class M-4 Certificates,” the “Class M-5 Certificates,” the “Class M-6 Certificates,” the “Class M-7 Certificates,” the “Class M-8 Certificates,” the “Class M-9 Certificates,” the “Class CE-1 Certificates,” the “Class CE-2 Certificates,” the “Class P Certificates,” the “Class R Certificates” and the “Class R-X Certificates.” The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting primarily of a pool (the “Mortgage Pool”) of conventional, one- to four- family, adjustable-rate and fixed-rate, first lien and second lien mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”). The Mortgage Pool consists of Mortgage Loans having an aggregate principal balance of $1,936,961,000 as of September 1, 2005 (the “Cut-off Date”). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated September 27, 2005 (the “Mortgage Loan Purchase Agreement”) among the Depositor and NC Capital Corporation. The Class A-1 Certificates, the Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates, the Class A-2d Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates and the Class M-9 Certificates were sold by the Depositor to Morgan Stanley & Co. Incorporated as Representative of the Underwriters (the “Underwriters”), pursuant to an Underwriting Agreement, dated September 27, 2005, between the Depositor and the Representative.

The Certificates have the following initial Certificate Balances and Pass-Through Rates:

Class	Initial Certificate Principal Balance		Pass-Through Rate
Class A-1	$	590,249,000.00	Variable
A-2a	$	400,000,000.00	Variable
A-2b	$	245,000,000.00	Variable
A-2c	$	244,750,000.00	Variable
A-2d	$	93,969,000.00	Variable
M-1	$	78,998,000.00	Variable
M-2	$	60,999,000.00	Variable
M-3	$	46,999,000.00	Variable
M-4	$	34,999,000.00	Variable
M-5	$	39,999,000.00	Variable
M-6	$	23,000,000.00	Variable
M-7	$	31,999,000.00	Variable
M-8	$	24,000,000.00	Variable
M-9	$	22,000,000.00	Variable
CE-1	$	23,248,857.46	Variable
CE-2	$	39,750,000.00	Variable
P	$	100.00	N/A
R		100%	N/A
R-X		100%	N/A

The Certificates, other than the Class CE-1, Class CE-2, Class P, Class R and Class R-X Certificates, and the Mortgage Loans are more particularly described in the Prospectus, dated September 27, 2005, and the Prospectus Supplement, dated September 27, 2005 as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class CE-1, Class CE-2, Class P, Class R and Class R-X Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a) Not applicable (b) Not applicable (c) Exhibits:

Exhibit No.	Description
4.1	Pooling and Servicing Agreement, dated as of September 1, 2005, by and among New Century Mortgage Securities, Inc. as Depositor, Ocwen Loan Servicing, LLC as Servicer and Deutsche Bank National Trust Company, as Trustee, relating to the Series 2005-B Certificates.

SIGNATURES

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

Dated: October 17, 2005

NEW CENTURY MORTGAGE SECURITIES INC. By: /s/ Kevin Cloyd Name: Kevin Cloyd Title: Executive Vice President

Index to Exhibits

Exhibit No.	Description
4.1	Pooling and Servicing Agreement, dated as of September 1, 2005, by and among New Century Mortgage Securities, Inc. as Depositor, Ocwen Loan Servicing, LLC as Servicer and Deutsche Bank National Trust Company, as Trustee, relating to the Series 2005-B Certificates.

Filing Compare · New Century Home Equity Loan Trust Series 2005-B