

                                    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 LLC
           (as Depositor under the Indenture, dated as June 24, 2005,
             providing for the issuance of New Century Home Equity Loan
                        Trust Asset-Backed Notes Series 2005-3)
                    (Exact name of registrant as specified in charter)



                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-119243-03                             41-2152421
          (Commission File Number)        (I.R.S. Employer Identification No.)


          18400 Von Karman, Suite 100
          Irvine, Californis                             92612
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (949) 224-5706


             (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 Notes, Series 2005-3 which was made on
     June 24, 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 INDENTURE TRUSTEE
                                       UNDER THE SERVICING AGREEMENT ON BEHALF
                                       OF NEW CENTURY MORTGAGE SECURITIES LLC,
                                       as 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.



New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				New Century Credit Corp.
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10

										6. REO Report					14

										7. Foreclosure Report					15
										8. Prepayment Report					16
										9. Prepayment Detail Report					19

										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)
										12. Triggers and Adj. Cert. Report					29
				New Century Mortgage Corporation
										13. Additional Certificate Report					30



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					30


				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Eiko Akiyama
				Close Date:			June 24, 2005			Administrator
				First Distribution Date:			July 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
										Main Phone Number:			(714) 247-6000

							October 24, 2005


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






Page 1 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC I
					Prior												Current
	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-1ss	FLT, STEP	$	699,232,000.00		671,881,664.01		2,197,426.31		19,137,304.24		21,334,730.55		0.00		0.00		652,744,359.77

A-1mz	FLT, STEP	$	174,808,000.00		167,970,416.00		556,122.05		4,784,326.06		5,340,448.11		0.00		0.00		163,186,089.94
A-2a	FLT, STEP	$	596,000,000.00		532,891,467.06		1,682,752.83		28,500,035.15		30,182,787.98		0.00		0.00		504,391,431.91
A-2b	FLT, STEP	$	334,000,000.00		334,000,000.00		1,078,912.78		0.00		1,078,912.78		0.00		0.00		334,000,000.00
A-2c	FLT, STEP	$	351,570,000.00		351,570,000.00		1,161,157.58		0.00		1,161,157.58		0.00		0.00		351,570,000.00
A-2d	FLT, STEP	$	126,000,000.00		126,000,000.00		427,315.00		0.00		427,315.00		0.00		0.00		126,000,000.00
M-1	MEZ, FLT, S	$	100,083,000.00		100,083,000.00		347,482.62		0.00		347,482.62		0.00		0.00		100,083,000.00
M-2	MEZ, FLT, S	$	91,381,000.00		91,381,000.00		318,005.88		0.00		318,005.88		0.00		0.00		91,381,000.00
M-3	MEZ, FLT, S	$	58,019,000.00		58,019,000.00		202,840.87		0.00		202,840.87		0.00		0.00		58,019,000.00
M-4	MEZ, FLT, S	$	52,218,000.00		52,218,000.00		188,028.32		0.00		188,028.32		0.00		0.00		52,218,000.00
M-5	MEZ, FLT, S	$	49,316,000.00		49,316,000.00		178,770.50		0.00		178,770.50		0.00		0.00		49,316,000.00
M-6	MEZ, FLT, S	$	43,515,000.00		43,515,000.00		158,793.49		0.00		158,793.49		0.00		0.00		43,515,000.00
M-7	MEZ, FLT, S	$	39,163,000.00		39,163,000.00		161,841.10		0.00		161,841.10		0.00		0.00		39,163,000.00
M-8	MEZ, FLT, S	$	33,361,000.00		33,361,000.00		140,551.75		0.00		140,551.75		0.00		0.00		33,361,000.00
M-9	MEZ, FLT, S	$	29,010,000.00		29,010,000.00		131,568.41		0.00		131,568.41		0.00		0.00		29,010,000.00
M-10	MEZ, FLT, S	$	24,658,000.00		24,658,000.00		150,564.49		0.00		150,564.49		0.00		0.00		24,658,000.00
TRUST	MEZ, FLT, S	$	0.00		0.00		6,909,252.26		0.00		6,909,252.26		0.00		0.00		0.00

Total			2,802,334,000.00		2,705,037,547.07		15,991,386.24		52,421,665.45		68,413,051.69		0.00		0.00		2,652,615,881.62





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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1ss	09/26/05		10/24/05		A-Act/360		64352VLC3		699,232,000.00		960.885177		3.142628		27.369034		30.511662	933.516143
A-1mz	09/26/05		10/24/05		A-Act/360		64352VLD1		174,808,000.00		960.885177		3.181331		27.369034		30.550364	933.516143
A-2a	09/26/05		10/24/05		A-Act/360		64352VLE9		596,000,000.00		894.113200		2.823411		47.818851		50.642262	846.294349
A-2b	09/26/05		10/24/05		A-Act/360		64352VLF6		334,000,000.00		1,000.000000		3.230278		0.000000		3.230278	1,000.000000
A-2c	09/26/05		10/24/05		A-Act/360		64352VLG4		351,570,000.00		1,000.000000		3.302778		0.000000		3.302778	1,000.000000
A-2d	09/26/05		10/24/05		A-Act/360		64352VLH2		126,000,000.00		1,000.000000		3.391389		0.000000		3.391389	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		64352VLJ8		100,083,000.00		1,000.000000		3.471944		0.000000		3.471944	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		64352VLK5		91,381,000.00		1,000.000000		3.480000		0.000000		3.480000	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		64352VLL3		58,019,000.00		1,000.000000		3.496111		0.000000		3.496111	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		64352VLM1		52,218,000.00		1,000.000000		3.600833		0.000000		3.600833	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		64352VLN9		49,316,000.00		1,000.000000		3.625000		0.000000		3.625000	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		64352VLP4		43,515,000.00		1,000.000000		3.649167		0.000000		3.649167	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		64352VLQ2		39,163,000.00		1,000.000000		4.132500		0.000000		4.132500	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		64352VLR0		33,361,000.00		1,000.000000		4.213056		0.000000		4.213056	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		64352VLS8		29,010,000.00		1,000.000000		4.535278		0.000000		4.535278	1,000.000000
M-10	09/26/05		10/24/05		A-Act/360		64352VLT6		24,658,000.00		1,000.000000		6.106111		0.000000		6.106111	1,000.000000
TRUST	09/01/05		09/30/05		A-30/360		NC0503101		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

Distribution to Date - REMIC I
																	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-1ss	699,232,000.00		8,886,247.80		44,660,738.89		1,826,901.34		46,487,640.23		55,373,888.03		0.00		0.00		652,744,359.77
A-1mz	174,808,000.00		2,250,938.51		11,165,184.73		456,725.33		11,621,910.06		13,872,848.57		0.00		0.00		163,186,089.94
A-2a	596,000,000.00		7,056,206.19		87,739,026.97		3,869,541.12		91,608,568.09		98,664,774.28		0.00		0.00		504,391,431.91
A-2b	334,000,000.00		4,261,190.56		0.00		0.00		0.00		4,261,190.56		0.00		0.00		334,000,000.00
A-2c	351,570,000.00		4,593,457.37		0.00		0.00		0.00		4,593,457.37		0.00		0.00		351,570,000.00
A-2d	126,000,000.00		1,693,615.00		0.00		0.00		0.00		1,693,615.00		0.00		0.00		126,000,000.00
M-1	100,083,000.00		1,379,449.56		0.00		0.00		0.00		1,379,449.56		0.00		0.00		100,083,000.00
M-2	91,381,000.00		1,262,631.59		0.00		0.00		0.00		1,262,631.59		0.00		0.00		91,381,000.00
M-3	58,019,000.00		805,626.05		0.00		0.00		0.00		805,626.05		0.00		0.00		58,019,000.00
M-4	52,218,000.00		748,269.44		0.00		0.00		0.00		748,269.44		0.00		0.00		52,218,000.00
M-5	49,316,000.00		711,739.47		0.00		0.00		0.00		711,739.47		0.00		0.00		49,316,000.00
M-6	43,515,000.00		632,478.44		0.00		0.00		0.00		632,478.44		0.00		0.00		43,515,000.00
M-7	39,163,000.00		649,507.48		0.00		0.00		0.00		649,507.48		0.00		0.00		39,163,000.00
M-8	33,361,000.00		564,681.27		0.00		0.00		0.00		564,681.27		0.00		0.00		33,361,000.00
M-9	29,010,000.00		530,681.54		0.00		0.00		0.00		530,681.54		0.00		0.00		29,010,000.00
M-10	24,658,000.00		615,354.09		0.00		0.00		0.00		615,354.09		0.00		0.00		24,658,000.00
TRUST	0.00		27,048,402.34		0.00		0.00		0.00		27,048,402.34		0.00		0.00		0.00

Total	2,802,334,000.00		63,690,476.70		143,564,950.59		6,153,167.79		149,718,118.38		213,408,595.08		0.00		0.00		2,652,615,881.62


Interest Detail - REMIC I
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1ss	4.06000%		671,881,664.01		2,197,426.31		0.00		0.00		0.00		2,197,426.31		2,197,426.31		0.00
A-1mz	4.11000%		167,970,416.00		556,122.05		0.00		0.00		0.00		556,122.05		556,122.05		0.00
A-2a	3.92000%		532,891,467.06		1,682,752.83		0.00		0.00		0.00		1,682,752.83		1,682,752.83		0.00
A-2b	4.01000%		334,000,000.00		1,078,912.78		0.00		0.00		0.00		1,078,912.78		1,078,912.78		0.00
A-2c	4.10000%		351,570,000.00		1,161,157.58		0.00		0.00		0.00		1,161,157.58		1,161,157.58		0.00
A-2d	4.21000%		126,000,000.00		427,315.00		0.00		0.00		0.00		427,315.00		427,315.00		0.00
M-1	4.31000%		100,083,000.00		347,482.62		0.00		0.00		0.00		347,482.62		347,482.62		0.00
M-2	4.32000%		91,381,000.00		318,005.88		0.00		0.00		0.00		318,005.88		318,005.88		0.00
M-3	4.34000%		58,019,000.00		202,840.87		0.00		0.00		0.00		202,840.87		202,840.87		0.00
M-4	4.47000%		52,218,000.00		188,028.32		0.00		0.00		0.00		188,028.32		188,028.32		0.00
M-5	4.50000%		49,316,000.00		178,770.50		0.00		0.00		0.00		178,770.50		178,770.50		0.00
M-6	4.53000%		43,515,000.00		158,793.49		0.00		0.00		0.00		158,793.49		158,793.49		0.00
M-7	5.13000%		39,163,000.00		161,841.10		0.00		0.00		0.00		161,841.10		161,841.10		0.00
M-8	5.23000%		33,361,000.00		140,551.75		0.00		0.00		0.00		140,551.75		140,551.75		0.00
M-9	5.63000%		29,010,000.00		131,568.41		0.00		0.00		0.00		131,568.41		131,568.41		0.00
M-10	7.58000%		24,658,000.00		150,564.49		0.00		0.00		0.00		150,564.49		150,564.49		0.00
TRUST	0.00000%		0.00		0.00		-9,082,133.96		0.00		0.00		16,502,924.23		6,909,252.26		9,593,671.97

Total			2,705,037,547.07		9,082,133.98		-9,082,133.96		0.00		0.00		25,585,058.21		15,991,386.24		9,593,671.97



Page 3 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										28,452,980.74		23,882,134.97		52,335,115.71
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										28,452,980.74		23,882,134.97		52,335,115.71
Interest Collections										9,683,071.11		5,972,562.70		15,655,633.81
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										259,494.04		378,535.45		638,029.49
Interest Fees										-131,973.36		-83,753.96		-215,727.32
TOTAL NET INTEREST										9,810,591.79		6,267,344.19		16,077,935.98
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										38,263,572.53		30,149,479.16		68,413,051.69



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											860,670.19		658,992.87		1,519,663.06
Curtailments											303,472.31		36,887.03		340,359.34
Prepayments In Full											27,265,585.08		23,186,255.07		50,451,840.15
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											109,802.90		0.00		109,802.90
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-708,248.45		-540,889.58		-1,249,138.03
Realized Losses											-86,549.74		-0.00		-86,549.74
Advanced Principal											708,248.45		540,889.58		1,249,138.03
TOTAL PRINCIPAL COLLECTED											28,452,980.74		23,882,134.97		52,335,115.71


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										10,271,285.81		6,338,504.36		16,609,790.17
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										915.02		0.00		915.02
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-82,973.07		-59,919.65		-142,892.72
Delinquent Interest										-8,440,435.23		-5,172,520.60		-13,612,955.83
Compensating Interest										82,973.06		59,919.65		#######
Civil Relief Act Shortfalls										-348.31		-158.47		-506.78
Interest Advanced										7,851,653.82		4,806,737.41		12,658,391.23
TOTAL INTEREST COLLECTED										9,683,071.11		5,972,562.70		15,655,633.81


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges										259,494.04		378,535.45		638,029.49
Cap Contract Payment Amount														0.00
TOTAL INTEREST OTHER ACCOUNTS										259,494.04		378,535.45		638,029.49



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										130,678.33		82,946.25		213,624.58
Trustee Fees										1,295.03		807.71		2,102.74
Owner Trustee Fee
TOTAL INTEREST FEES										131,973.36		83,753.96		215,727.32




Page 5 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Beginning Overcollateralization Amount														98,529,944.33
Overcollateralization Target Amount														98,616,494.07
Excess Overcollateralization Amount														0.00
Beginning Overcollateralization Deficiency Amount														86,549.74
Ending Overcollateralization Deficiency Amount														0.00
Ending Overcollateralized Amount														98,616,494.07


Credit Enhancement Percentage														22.511384%
Credit Enhancement Percentage - Prior														22.087388%


Page 6 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										8,042		6,807		14,849
Prior										7,802		6,641		14,443
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-116		-109		-225
Repurchases										-0		-0		-0
Liquidations										-1		-0		-1
Current										7,685		6,532		14,217
Principal Balance:


Original										1,789,472,468.48		1,111,012,651.34		2,900,485,119.81
Prior										1,726,703,395.74		1,076,950,645.40		2,803,654,041.14
Prefunding										0.00		0.00		0.00
Scheduled Principal										-860,670.19		-658,992.87		-1,519,663.06
Partial Prepayments										-303,472.31		-36,887.03		-340,359.34
Full Voluntary Prepayments										-27,265,585.08		-23,186,255.07		-50,451,840.15
Repurchases										-0.00		-0.00		-0.00
Liquidations										-109,802.90		-0.00		-109,802.90
Current										1,698,163,865.26		1,053,068,510.43		2,751,232,375.69





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.16597%		7.07707%		7.13191%
Weighted Average Coupon Prior										7.14866%		7.06661%		7.11717%
Weighted Average Coupon Current										7.13883%		7.06362%		7.10994%
Weighted Average Months to Maturity Original										356		355		355
Weighted Average Months to Maturity Prior										354		353		353
Weighted Average Months to Maturity Current										352		352		352
Weighted Avg Remaining Amortization Term Original										356		355		355
Weighted Avg Remaining Amortization Term Prior										354		353		353
Weighted Avg Remaining Amortization Term Current										352		352		352
Weighted Average Seasoning Original										1.57		1.52		1.55
Weighted Average Seasoning Prior										3.56		3.52		3.55
Weighted Average Seasoning Current										4.56		4.52		4.54









Page 8 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.70097%		5.69394%		5.69833%
Weighted Average Margin Prior										5.70107%		5.69312%		5.69808%
Weighted Average Margin Current										5.70018%		5.69314%		5.69753%
Weighted Average Max Rate Original										14.20356%		14.06345%		14.15100%
Weighted Average Max Rate Prior										14.18528%		14.05147%		14.13495%
Weighted Average Max Rate Current										14.17450%		14.04772%		14.12672%
Weighted Average Min Rate Original										7.20761%		7.06799%		7.15524%
Weighted Average Min Rate Prior										7.18892%		7.05608%		7.13895%
Weighted Average Min Rate Current										7.17820%		7.05240%		7.13079%
Weighted Average Cap Up Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Up Prior										1.49818%		1.49769%		1.49800%
Weighted Average Cap Up Current										1.49815%		1.49766%		1.49796%
Weighted Average Cap Down Original										1.49797%		1.49773%		1.49788%
Weighted Average Cap Down Prior										1.49818%		1.49769%		1.49800%
Weighted Average Cap Down Current										1.49815%		1.49766%		1.49796%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										130,678.33		82,946.25		213,624.58
Delinquent Servicing Fees										588,781.41		365,783.18		954,564.59
TOTAL SERVICING FEES										719,459.76		448,729.44		1,168,189.20


Total Servicing Fees										719,459.76		448,729.44		1,168,189.20
Compensating Interest										-82,973.06		-59,919.65		-142,892.71
Delinquent Servicing Fees										-588,781.41		-365,783.18		-954,564.59
COLLECTED SERVICING FEES										47,705.29		23,026.61		70,731.90


Total Advanced Interest										7,851,653.82		4,806,737.41		12,658,391.23
Total Advanced Principal										708,248.45		540,889.58		1,249,138.03
Aggregate Advances with respect to this Distribution										8,559,902.26		5,347,626.99		13,907,529.25





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										82,973.07		59,919.65		142,892.72
Compensating Interest										-82,973.06		-59,919.65		-142,892.71
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Current LIBOR Rate														3.830000%
Next LIBOR Rate														4.037500%




Page 9 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				33,117,552.35		9,591,051.27		213,692.37		42,922,295.99
			% Balance				1.20%		0.35%		0.01%		1.56%
			# Loans				179		58		2		239
			% # Loans				1.26%		0.41%		0.01%		1.68%
	FORECLOSURE		Balance		0.00		0.00		4,138,096.69		269,063.34		4,407,160.03
			% Balance		0.00%		0.00%		0.15%		0.01%		0.16%
			# Loans		0		0		24		1		25
			% # Loans		0.00%		0.00%		0.17%		0.01%		0.18%
	BANKRUPTCY		Balance		5,775,741.55		481,325.25		1,656,577.00		0.00		7,913,643.80
			% Balance		0.21%		0.02%		0.06%		0.00%		0.29%
			# Loans		42		3		7		0		52
			% # Loans		0.30%		0.02%		0.05%		0.00%		0.37%
	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		5,775,741.55		33,598,877.60		15,385,724.96		482,755.71		55,243,099.82
			% Balance		0.21%		1.22%		0.56%		0.02%		2.01%
			# Loans		42		182		89		3		316
			% # Loans		0.30%		1.28%		0.63%		0.02%		2.22%









Page 10 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,430,759.88		2,533,049.08		0.00		9,963,808.96
			% Balance				0.71%		0.24%		0.00%		0.95%
			# Loans				48		17		0		65
			% # Loans				0.73%		0.26%		0.00%		1.00%
	FORECLOSURE		Balance		0.00		0.00		454,375.62		0.00		454,375.62
			% Balance		0.00%		0.00%		0.04%		0.00%		0.04%
			# Loans		0		0		4		0		4
			% # Loans		0.00%		0.00%		0.06%		0.00%		0.06%
	BANKRUPTCY		Balance		2,500,564.21		275,000.00		221,677.96		0.00		2,997,242.17
			% Balance		0.24%		0.03%		0.02%		0.00%		0.28%
			# Loans		20		1		2		0		23
			% # Loans		0.31%		0.02%		0.03%		0.00%		0.35%
	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		2,500,564.21		7,705,759.88		3,209,102.66		0.00		13,415,426.75
			% Balance		0.24%		0.73%		0.30%		0.00%		1.27%
			# Loans		20		49		23		0		92
			% # Loans		0.31%		0.75%		0.35%		0.00%		1.41%










Page 11 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				25,686,792.47		7,058,002.19		213,692.37		32,958,487.03
			% Balance				1.51%		0.42%		0.01%		1.94%
			# Loans				131		41		2		174
			% # Loans				1.70%		0.53%		0.03%		2.26%
	FORECLOSURE		Balance		0.00		0.00		3,683,721.07		269,063.34		3,952,784.41
			% Balance		0.00%		0.00%		0.22%		0.02%		0.23%
			# Loans		0		0		20		1		21
			% # Loans		0.00%		0.00%		0.26%		0.01%		0.27%
	BANKRUPTCY		Balance		3,275,177.34		206,325.25		1,434,899.04		0.00		4,916,401.63
			% Balance		0.19%		0.01%		0.08%		0.00%		0.29%
			# Loans		22		2		5		0		29
			% # Loans		0.29%		0.03%		0.07%		0.00%		0.38%
	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		3,275,177.34		25,893,117.72		12,176,622.30		482,755.71		41,827,673.07
			% Balance		0.19%		1.52%		0.72%		0.03%		2.46%
			# Loans		22		133		66		3		224
			% # Loans		0.29%		1.73%		0.86%		0.04%		2.91%










Page 12 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

ADDITIONAL DELINQUENCY REPORTING


							# of Accounts			Principal Balance			% of Total

30-59 Days Delinquent								182		$33,598,877.60				1.22%

60-89 Days Delinquent								89		$15,385,724.96				0.56%

90 or more Days Delinquent								3		$482,755.71				0.02%

Aggregate								274		$49,467,358.27				1.80%

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


							# of Accounts			Principal Balance			% of Total

Loans in foreclosure proceedings							25			$4,407,160.03				0.16%

Loans in bankruptcy proceedings								52		$7,913,643.80				0.29%

REO Properties							0			$0.00				0.00%


Delinquency

Category							Loan Count			Stated Balance			% of Total

0							13,943			$2,701,765,017.42				98.20%

30							182			$33,598,877.60				1.22%

60							65			$11,247,628.27				0.41%

90							2
										$213,692.37				0.01%

FC							25			$4,407,160.03				0.16%

REO							0			$0.00				0.00%

Total							14,217			$2,751,232,375.69				100.00%

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

BK								52		$7,913,643.80				0.29%



Page 13 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

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 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

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
2124481 1
			89,250.00		88,993.01		01-Jun-2005		7.700%		MI - 85.00%		360		01-Jul-2005

1001235443 1			148,000.00		147,650.16		01-Jun-2005		6.200%		CO - 80.00%		360		01-May-2005
1001485734 1			92,000.00		91,732.45		01-Jun-2005		7.650%		MN - 80.00%		360		01-Jul-2005
1001708021 1			126,000.00		126,000.00		01-Jun-2005		8.575%		NJ - 90.00%		360		01-Jun-2005
2105437 2			143,100.00		142,646.73		01-Jun-2005		8.350%		GA - 90.00%		360		01-Jun-2005
1000904775 2			123,360.29		123,001.91		01-Jun-2005		8.850%		MI - 95.00%		360		01-Apr-2005
1001252414 2			53,900.00		53,752.07		01-Jun-2005		9.050%		MI - 70.00%		360		01-Jun-2005
1001290114 2			139,500.00		139,025.73		01-Jun-2005		8.000%		MI - 90.00%		360		01-Jun-2005
1001323231 2			531,200.00		531,199.94		01-Jun-2005		5.900%		CA - 80.00%		360		01-May-2005
1001415392 2			63,200.00		63,062.28		01-Jun-2005		10.150%		MI - 80.00%		360		01-Jun-2005
1001471598 2			270,000.00		269,063.34		01-May-2005		7.900%		GA - 90.00%		360		01-Jun-2005
1001538063 2			340,000.00		339,202.31		01-Jun-2005		9.800%		WA - 80.00%		360		01-Jun-2005
1001640291 2			580,000.00		580,000.00		01-Jun-2005		8.300%		CO - 80.00%		360		01-Jun-2005
1001647427 2			285,000.00		285,000.00		01-Jun-2005		8.200%		NJ - 95.00%		360		01-Jun-2005
1001696089 2			61,200.00		61,035.50		01-Jun-2005		9.150%		OH - 83.84%		360		01-Jun-2005
1001743251 2			153,000.00		152,536.94		01-Jun-2005		7.450%		MN - 85.00%		360		01-Jul-2005
1001781646 2			69,300.00		69,112.13		01-Jun-2005		8.000%		OK - 90.00%		360		01-Jul-2005
1001804792 2			114,300.00		114,047.41		01-Jun-2005		9.000%		TX - 90.00%		360		01-Jul-2005
1001807842 2			97,200.00		96,998.18		01-Jun-2005		9.300%		AL - 80.00%		360		01-Jul-2005
1001879854 2			346,500.00		346,500.00		01-Jun-2005		8.800%		NJ - 90.00%		360		01-Jul-2005
1001914094 2			260,000.00		259,248.81		01-Jun-2005		8.800%		NJ - 89.69%		360		01-Jun-2005
1001948735 2			99,000.00		98,739.63		01-Jun-2005		8.150%		MI - 90.00%		360		01-Jul-2005
1002036816 2			75,650.00		75,494.55		01-Jun-2005		9.350%		KY - 85.00%		360		01-Jul-2005
1002053789 2			91,200.00		90,952.74		01-Jun-2005		8.000%		MO - 80.00%		360		01-Jul-2005
1002069040 2			62,320.00		62,164.21		01-Jun-2005		8.400%		IN - 80.00%		360		01-Jul-2005


TOTAL			4,414,180.29		4,407,160.03


Page 15 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										116		109		225
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										116		109		225
Curtailments Amount										303,472.31		36,887.03		340,359.34
Paid in Full Balance										27,265,585.08		23,186,255.07		50,451,840.15
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										27,569,057.39		23,223,142.10		50,792,199.49

Cumulative


Number of Paid in Full Loans										330		259		589
Number of Repurchased Loans										26		16		42
Total Number of Loans Prepaid in Full										356		275		631
Paid in Full Balance										82,420,483.73		52,882,239.36		135,302,723.09
Repurchased Loans Balance										4,775,125.14		2,185,883.89		6,961,009.03
Curtailments Amount										522,677.82		203,363.49		726,041.31
Total Prepayment Amount										87,718,286.69		55,271,486.74		142,989,773.43










Page 16 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										1.60%		2.16%		1.82%
3 Months Avg SMM										1.38%		1.53%		1.44%
12 Months Avg SMM										1.25%		1.27%		1.26%
Avg SMM Since Cut-off										1.25%		1.27%		1.26%


CPR										17.64%		23.03%		19.75%
3 Months Avg CPR										15.36%		16.89%		15.95%
12 Months Avg CPR										14.03%		14.22%		14.10%
Avg CPR Since Cut-off										14.03%		14.22%		14.10%


PSA										1,932.93%		2,549.57%		2,172.66%
3 Months Avg PSA Approximation										2,155.52%		2,400.59%		2,249.18%
12 Months Avg PSA Approximation										2,289.29%		2,354.92%		2,314.21%
Avg PSA Since Cut-off Approximation										2,289.29%		2,354.91%		2,314.20%










Page 17 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

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 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

2050114 2			100,750.00		100,280.69			26-Sep-2005		6.400%		AR - 65.00%		Paid Off - 360		01-May-2005


2052692 2			94,250.00		93,026.39			29-Sep-2005		6.300%		CA - 41.89%		Paid Off - 240		01-May-2005

2058617 2			138,000.00		137,299.59			30-Sep-2005		5.950%		HI - 47.92%		Paid Off - 360		01-May-2005

2066238 2			70,000.00		69,631.02			26-Sep-2005		5.750%		IL - 60.87%		Paid Off - 360		01-May-2005

2071354 1			131,200.00		130,802.89			02-Sep-2005		7.450%		AZ - 80.00%		Paid Off - 360		01-Jun-2005

2081002 2			616,000.00		613,626.48			01-Sep-2005		7.375%		NY - 80.00%		Paid Off - 360		01-May-2005

2102372 2			78,750.00		78,371.29			02-Sep-2005		10.800%		TX - 75.00%		Paid Off - 240		01-Jun-2005

2104262 2			78,000.00		77,686.46			30-Sep-2005		5.990%		OR - 35.29%		Paid Off - 360		01-Jun-2005

2111817 1			95,400.00		95,139.84			13-Sep-2005		6.500%		NY - 90.00%		Paid Off - 360		01-Jul-2005

2112219 1			153,250.00		153,106.45			21-Sep-2005		11.650%		MN - 62.55%		Paid Off - 360		01-Jul-2005

2113752 2			125,000.00		124,756.29			29-Sep-2005		9.600%		UT - 20.00%		Paid Off - 360		01-Jun-2005

2115768 1			156,000.00		155,683.86			06-Sep-2005		8.000%		OR - 80.00%		Paid Off - 360		01-Jul-2005

2119237 1			139,400.00		139,400.00			01-Sep-2005		6.200%		AZ - 85.00%		Paid Off - 360		01-Jul-2005

2121162 1			127,000.00		126,672.60			21-Sep-2005		6.800%		CA - 74.71%		Paid Off - 360		01-Jul-2005

2121265 1			254,700.00		254,700.00			22-Sep-2005		7.300%		MD - 90.00%		Paid Off - 360		01-Jul-2005

2125882 1			180,000.00		179,592.12			29-Sep-2005		7.450%		IL - 80.00%		Paid Off - 360		01-Jul-2005

2127428 2			285,000.00		284,383.40			30-Sep-2005		7.950%		MA - 73.83%		Paid Off - 360		01-Jul-2005

2128904 1			126,000.00		125,683.36			20-Sep-2005		6.950%		FL - 90.00%		Paid Off - 360		01-Jul-2005

1000652813 2			156,591.00		156,195.55			15-Sep-2005		8.350%		FL - 90.00%		Paid Off - 360		01-Jun-2005

1000756907 2			299,544.32		298,615.96			20-Sep-2005		7.400%		CA - 78.47%		Paid Off - 360		01-Apr-2005

1000978099 2			329,000.00		328,202.47			23-Sep-2005		8.550%		FL - 89.89%		Paid Off - 360		01-Jun-2005

1001048379 2			118,400.00		117,894.45			01-Sep-2005		6.850%		SC - 80.00%		Paid Off - 360		01-May-2005

1001053424 2			136,000.00		135,680.31			19-Sep-2005		8.700%		NV - 80.00%		Paid Off - 360		01-Jun-2005

1001086283 2			81,300.00		80,962.84			23-Sep-2005		7.000%		FL - 72.59%		Paid Off - 360		01-May-2005

1001096860 2			240,300.00		240,146.56			27-Sep-2005		8.800%		SC - 90.00%		Paid Off - 360		01-May-2005

1001177014 2			125,000.00		124,575.59			01-Sep-2005		8.200%		GA - 63.45%		Paid Off - 360		01-May-2005

1001187272 2			220,500.00		219,583.86			02-Sep-2005		6.990%		CA - 90.00%		Paid Off - 360		01-May-2005

1001197252 2			268,475.00		267,059.96			30-Sep-2005		5.750%		CA - 84.96%		Paid Off - 360		01-May-2005

1001203012 2			517,520.00		515,812.81			27-Sep-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1001212217 1			277,000.00		276,247.56			13-Sep-2005		7.990%		CA - 78.03%		Paid Off - 360		01-Jun-2005

1001232936 2			228,000.00		227,356.51			21-Sep-2005		7.800%		DC - 80.00%		Paid Off - 360		01-Jun-2005

1001242587 1			277,000.00		277,000.00			08-Sep-2005		7.250%		FL - 82.69%		Paid Off - 360		01-May-2005

1001269102 1			292,500.00		291,345.22			19-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-May-2005

1001283809 2			158,400.00		157,991.58			30-Sep-2005		9.350%		WI - 90.00%		Paid Off - 360		01-May-2005

1001311182 2			94,000.00		93,535.65			26-Sep-2005		6.100%		MA - 69.12%		Paid Off - 360		01-May-2005

1001318327 1			40,614.61		40,211.83			19-Sep-2005		11.500%		FL - 20.00%		Paid Off - 360		01-May-2005

1001322312 2			376,750.00		375,707.88			09-Sep-2005		7.900%		NY - 82.80%		Paid Off - 360		01-Jun-2005



Page 19 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001328511 2			156,000.00		155,480.18			15-Sep-2005		8.100%		WA - 78.00%		Paid Off - 360		01-May-2005


1001332034 2			560,500.00		560,499.95			06-Sep-2005		6.250%		CA - 95.00%		Paid Off - 360		01-May-2005

1001333998 1			221,250.00		220,083.87			08-Sep-2005		5.750%		CA - 75.00%		Paid Off - 360		01-May-2005

1001338369 1			295,000.00		295,000.00			30-Sep-2005		7.650%		NJ - 65.56%		Paid Off - 360		01-Jun-2005

1001351762 1			258,754.25		258,009.29			21-Sep-2005		6.250%		CA - 74.86%		Paid Off - 360		01-Jun-2005

1001363081 1			209,700.00		209,700.00			26-Sep-2005		6.850%		CA - 90.00%		Paid Off - 360		01-May-2005

1001365196 1			228,679.00		228,141.44			09-Sep-2005		8.700%		NV - 95.00%		Paid Off - 360		01-Jun-2005

1001370386 2			324,000.00		323,385.38			12-Sep-2005		8.325%		NJ - 90.00%		Paid Off - 360		01-Jul-2005

1001382159 1			101,910.45		101,547.25			21-Sep-2005		6.650%		MN - 85.00%		Paid Off - 360		01-May-2005

1001439410 2			143,500.00		143,313.91			02-Sep-2005		11.500%		ME - 70.00%		Paid Off - 360		01-Jun-2005

1001441773 1			245,500.00		244,833.14			06-Sep-2005		7.990%		CA - 94.42%		Paid Off - 360		01-Jun-2005

1001444084 2			91,799.00		91,589.77			29-Sep-2005		8.850%		IL - 90.00%		Paid Off - 360		01-Jun-2005

1001445145 1			174,000.00		173,255.82			12-Sep-2005		6.050%		AZ - 80.93%		Paid Off - 360		01-Jun-2005

1001450361 1			250,000.00		248,743.11			06-Sep-2005		6.000%		CA - 83.33%		Paid Off - 360		01-May-2005

1001467362 2			156,000.00		155,604.03			27-Sep-2005		8.325%		FL - 80.00%		Paid Off - 360		01-Jun-2005

1001477360 1			180,000.00		180,000.00			09-Sep-2005		6.600%		WA - 80.00%		Paid Off - 360		01-Jun-2005

1001480025 1			278,000.00		277,219.33			30-Sep-2005		7.825%		CA - 78.31%		Paid Off - 360		01-Jun-2005

1001484156 2			246,000.00		246,000.00			21-Sep-2005		5.750%		CA - 79.35%		Paid Off - 360		01-May-2005

1001484691 1			346,500.00		345,136.03			29-Sep-2005		6.100%		CA - 90.00%		Paid Off - 360		01-Jun-2005

1001505847 1			85,000.00		84,688.43			13-Sep-2005		7.625%		WI - 89.47%		Paid Off - 360		01-May-2005

1001513918 1			105,000.00		104,659.43			12-Sep-2005		7.100%		IL - 75.00%		Paid Off - 360		01-Jun-2005

1001519039 2			225,000.00		224,999.96			22-Sep-2005		6.600%		NY - 90.00%		Paid Off - 360		01-Jun-2005

1001537554 2			382,950.00		382,275.28			01-Sep-2005		8.700%		IL - 90.00%		Paid Off - 360		01-Jul-2005

1001537616 2			122,187.00		121,838.66			26-Sep-2005		7.750%		WA - 85.00%		Paid Off - 360		01-Jun-2005

1001539909 1			203,000.00		202,327.21			22-Sep-2005		6.990%		MA - 68.12%		Paid Off - 360		01-Jun-2005

1001546802 1			342,000.00		341,999.31			22-Sep-2005		6.900%		VA - 90.00%		Paid Off - 360		01-Jun-2005

1001553107 2			99,000.00		98,764.86			19-Sep-2005		8.650%		AZ - 90.00%		Paid Off - 360		01-Jun-2005

1001554124 2			202,500.00		202,500.00			21-Sep-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Jun-2005

1001557737 1			269,991.00		269,189.98			09-Sep-2005		7.550%		NV - 90.00%		Paid Off - 360		01-Jun-2005

1001565283 1			250,000.00		249,492.24			12-Sep-2005		7.990%		CA - 58.14%		Paid Off - 360		01-Jul-2005

1001565773 2			375,000.00		375,000.00			14-Sep-2005		6.300%		CA - 75.00%		Paid Off - 360		01-Jun-2005

1001579456 1			328,950.00		328,084.87			26-Sep-2005		8.150%		CA - 85.00%		Paid Off - 360		01-Jun-2005

1001587553 1			318,700.00		317,480.91			02-Sep-2005		6.250%		NV - 84.99%		Paid Off - 360		01-Jun-2005

1001592146 2			208,600.00		208,214.16			23-Sep-2005		9.850%		NC - 70.00%		Paid Off - 360		01-Jun-2005

1001593895 1			146,775.00		146,396.71			14-Sep-2005		8.250%		FL - 95.00%		Paid Off - 360		01-Jun-2005

1001603991 1			113,400.00		113,399.28			15-Sep-2005		9.900%		NM - 90.00%		Paid Off - 360		01-Jul-2005

1001609012 2			103,500.00		103,287.37			19-Sep-2005		9.350%		OH - 90.00%		Paid Off - 360		01-Jun-2005

1001612437 1			207,000.00		207,000.00			01-Sep-2005		6.500%		AZ - 90.00%		Paid Off - 360		01-Jun-2005



Page 20 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001615452 2			547,500.00		545,792.96			01-Sep-2005		7.300%		CA - 75.00%		Paid Off - 360		01-Jun-2005


1001625156 2			136,000.00		136,000.00			21-Sep-2005		5.450%		AZ - 80.00%		Paid Off - 360		01-Jun-2005

1001628082 1			56,000.00		55,882.52			14-Sep-2005		9.250%		IL - 20.00%		Paid Off - 360		01-Jun-2005

1001648195 1			168,000.00		167,324.68			23-Sep-2005		5.990%		CA - 67.20%		Paid Off - 360		01-Jun-2005

1001653801 2			540,000.00		540,000.00			22-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001654935 1			169,335.00		169,334.98			02-Sep-2005		7.400%		OR - 90.00%		Paid Off - 360		01-Jun-2005

1001656728 2			268,793.00		268,325.66			01-Sep-2005		8.750%		AZ - 95.00%		Paid Off - 360		01-Jul-2005

1001657460 2			67,200.00		67,010.32			01-Sep-2005		7.800%		MI - 80.00%		Paid Off - 360		01-Jun-2005

1001661080 1			117,000.00		116,514.60			30-Sep-2005		5.990%		DC - 63.24%		Paid Off - 360		01-Jun-2005

1001663015 1			255,000.00		254,022.19			22-Sep-2005		7.300%		NJ - 89.47%		Paid Off - 360		01-Jun-2005

1001668724 1			205,581.03		204,893.62			22-Sep-2005		5.650%		CA - 70.00%		Paid Off - 360		01-Jun-2005

1001671916 2			54,000.00		53,867.35			26-Sep-2005		9.400%		IN - 90.00%		Paid Off - 360		01-Jun-2005

1001674012 2			269,910.00		269,909.96			01-Sep-2005		8.750%		FL - 90.00%		Paid Off - 360		01-Jun-2005

1001674913 1			166,500.00		166,500.00			30-Sep-2005		8.000%		AZ - 90.00%		Paid Off - 360		01-Jun-2005

1001676378 2			168,000.00		167,324.68			12-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001681754 2			500,000.00		500,000.00			23-Sep-2005		7.800%		NJ - 89.29%		Paid Off - 360		01-Jun-2005

1001683164 1			340,000.00		339,999.96			30-Sep-2005		7.300%		CA - 69.39%		Paid Off - 360		01-Jun-2005

1001686429 1			180,000.00		180,000.00			13-Sep-2005		6.750%		CA - 69.23%		Paid Off - 360		01-Jun-2005

1001688775 1			180,900.00		180,900.00			28-Sep-2005		7.450%		WA - 90.00%		Paid Off - 360		01-Jun-2005

1001689131 2			166,500.00		166,046.31			20-Sep-2005		7.975%		NJ - 90.00%		Paid Off - 360		01-Jun-2005

1001689890 2			122,400.00		122,115.19			14-Sep-2005		8.750%		MN - 90.00%		Paid Off - 360		01-Jun-2005

1001695062 2			328,000.00		327,999.96			30-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001697248 2			549,100.00		549,099.96			23-Sep-2005		6.575%		MN - 95.00%		Paid Off - 360		01-Jun-2005

1001698158 1			261,600.00		261,600.00			07-Sep-2005		8.250%		MD - 80.00%		Paid Off - 360		01-Jun-2005

1001698470 1			291,000.00		289,908.03			02-Sep-2005		6.350%		CA - 63.26%		Paid Off - 360		01-Jun-2005

1001699139 2			272,000.00		271,963.42			06-Sep-2005		7.900%		NV - 80.00%		Paid Off - 360		01-Jun-2005

1001699264 2			139,860.00		139,569.63			22-Sep-2005		9.300%		OH - 90.00%		Paid Off - 360		01-Jun-2005

1001704506 1			341,250.00		340,584.54			08-Sep-2005		8.200%		CA - 75.00%		Paid Off - 360		01-Jul-2005

1001709100 1			233,750.00		233,122.69			14-Sep-2005		8.050%		CA - 85.00%		Paid Off - 360		01-Jun-2005

1001712784 1			139,650.00		139,650.00			13-Sep-2005		6.850%		CO - 95.00%		Paid Off - 360		01-Jun-2005

1001720677 1			268,000.00		267,999.96			21-Sep-2005		7.000%		IL - 80.00%		Paid Off - 360		01-Jun-2005

1001723852 2			162,000.00		161,603.24			02-Sep-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Jun-2005

1001726323 1			332,000.00		332,000.00			14-Sep-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001729543 2			224,000.00		223,816.27			01-Sep-2005		12.250%		OR - 70.00%		Paid Off - 360		01-Jul-2005

1001731647 1			233,750.00		233,132.13			23-Sep-2005		8.125%		CA - 85.00%		Paid Off - 360		01-Jun-2005

1001732986 2			432,000.00		430,920.17			20-Sep-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Jun-2005

1001742859 2			360,580.30		359,911.85			02-Sep-2005		8.475%		NJ - 82.00%		Paid Off - 360		01-Jun-2005

1001748470 2			357,500.00		356,745.75			27-Sep-2005		7.800%		MA - 65.00%		Paid Off - 360		01-Jul-2005



Page 21 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001756219 1			230,000.00		229,208.91			08-Sep-2005		6.800%		CA - 63.89%		Paid Off - 360		01-Jun-2005


1001756914 1			158,950.00		158,949.38			27-Sep-2005		7.500%		IL - 85.00%		Paid Off - 360		01-Jun-2005

1001773245 1			295,200.00		294,600.59			19-Sep-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001775975 1			342,000.00		341,120.27			30-Sep-2005		6.800%		CA - 95.00%		Paid Off - 360		01-Jul-2005

1001778543 1			250,908.00		250,311.36			29-Sep-2005		7.200%		AZ - 80.00%		Paid Off - 360		01-Jul-2005

1001784402 1			269,500.00		269,499.96			22-Sep-2005		7.000%		CA - 73.63%		Paid Off - 360		01-Jun-2005

1001790967 1			178,000.00		178,000.00			30-Sep-2005		5.250%		CA - 68.46%		Paid Off - 360		01-Jun-2005

1001798861 2			81,450.00		81,324.98			06-Sep-2005		9.350%		IN - 90.00%		Paid Off - 360		01-Jul-2005

1001799566 2			89,991.00		89,854.31			16-Sep-2005		9.400%		IN - 90.00%		Paid Off - 360		01-Jul-2005

1001800741 2			105,600.00		105,452.15			26-Sep-2005		11.150%		FL - 20.00%		Paid Off - 360		01-Jun-2005

1001801759 1			143,355.00		143,113.36			19-Sep-2005		8.900%		SD - 95.00%		Paid Off - 360		01-Jul-2005

1001803908 2			180,000.00		179,410.47			28-Sep-2005		7.050%		MI - 40.91%		Paid Off - 360		01-Jun-2005

1001804514 1			300,000.00		299,509.81			28-Sep-2005		9.050%		CA - 75.00%		Paid Off - 360		01-Jul-2005

1001810339 2			250,325.00		249,907.39			02-Sep-2005		8.950%		AZ - 95.00%		Paid Off - 360		01-Jul-2005

1001814772 2			377,640.00		377,640.00			20-Sep-2005		7.650%		NV - 90.00%		Paid Off - 360		01-Jun-2005

1001814781 2			320,000.00		320,000.00			27-Sep-2005		8.850%		CA - 80.00%		Paid Off - 360		01-Jun-2005

1001815218 2			157,410.00		157,084.50			28-Sep-2005		7.900%		FL - 90.00%		Paid Off - 360		01-Jul-2005

1001815236 2			80,000.00		79,893.94			27-Sep-2005		11.400%		CA - 20.00%		Paid Off - 360		01-Jun-2005

1001822166 1			85,800.00		85,607.76			06-Sep-2005		7.500%		NC - 65.00%		Paid Off - 360		01-Jul-2005

1001825902 1			208,000.00		207,351.52			29-Sep-2005		5.800%		IL - 80.00%		Paid Off - 360		01-Jul-2005

1001828990 2			80,910.00		80,767.85			22-Sep-2005		8.700%		OH - 90.00%		Paid Off - 360		01-Jul-2005

1001839434 1			142,000.00		141,529.39			30-Sep-2005		6.990%		CA - 30.21%		Paid Off - 360		01-Jun-2005

1001839979 1			82,650.00		82,451.45			30-Sep-2005		8.600%		OH - 95.00%		Paid Off - 360		01-Jun-2005

1001849290 2			304,000.00		303,164.76			28-Sep-2005		9.000%		FL - 94.41%		Paid Off - 360		01-Jul-2005

1001852365 1			63,000.00		62,898.52			28-Sep-2005		10.500%		IL - 20.00%		Paid Off - 360		01-Jun-2005

1001858662 2			92,090.00		91,979.23			21-Sep-2005		10.500%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1001860837 2			404,000.00		402,876.88			23-Sep-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1001861186 2			101,000.00		100,869.07			23-Sep-2005		10.150%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1001863978 1			132,300.00		131,988.10			23-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1001869259 1			200,925.00		200,524.95			13-Sep-2005		9.500%		FL - 95.00%		Paid Off - 360		01-Jun-2005

1001878597 2			266,064.80		266,064.76			22-Sep-2005		7.550%		NV - 80.00%		Paid Off - 360		01-Jun-2005

1001879391 2			495,000.00		493,900.97			02-Sep-2005		8.500%		FL - 90.00%		Paid Off - 360		01-Jul-2005

1001879578 2			66,516.20		66,413.57			22-Sep-2005		10.700%		NV - 20.00%		Paid Off - 360		01-Jun-2005

1001881477 1			70,988.09		70,875.31			26-Sep-2005		10.650%		CA - 20.00%		Paid Off - 360		01-Apr-2005

1001883670 1			170,600.00		170,600.00			26-Sep-2005		7.000%		DC - 71.08%		Paid Off - 360		01-Jul-2005

1001888602 2			42,588.00		42,522.21			06-Sep-2005		10.700%		AZ - 20.00%		Paid Off - 360		01-Jun-2005

1001888951 2			102,750.00		102,621.00			16-Sep-2005		10.300%		CA - 15.00%		Paid Off - 360		01-Jul-2005

1001897433 1			304,000.00		303,158.95			21-Sep-2005		6.425%		IL - 80.00%		Paid Off - 360		01-Jul-2005



Page 22 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1001897567 1			318,750.00		317,837.94			27-Sep-2005		6.250%		CA - 85.00%		Paid Off - 360		01-Jul-2005


1001906414 1			285,000.00		284,348.63			02-Sep-2005		7.400%		WA - 95.00%		Paid Off - 360		01-Jul-2005

1001910221 1			51,775.00		51,692.98			02-Sep-2005		9.200%		OH - 95.00%		Paid Off - 360		01-Jul-2005

1001910276 2			283,050.00		282,665.15			07-Sep-2005		9.925%		GA - 85.00%		Paid Off - 360		01-Jul-2005

1001912005 1			330,500.00		329,729.50			01-Sep-2005		7.300%		VA - 67.59%		Paid Off - 360		01-Jul-2005

1001912639 1			245,000.00		244,450.16			20-Sep-2005		7.500%		CA - 89.09%		Paid Off - 360		01-Jul-2005

1001913772 2			323,100.00		322,544.00			16-Sep-2005		8.800%		AZ - 90.00%		Paid Off - 360		01-Jul-2005

1001921219 2			171,648.00		171,289.49			30-Sep-2005		7.850%		IL - 90.00%		Paid Off - 360		01-Jul-2005

1001928267 1			255,000.00		254,482.20			14-Sep-2005		7.990%		CA - 75.00%		Paid Off - 360		01-Jul-2005

1001930619 2			184,000.00		183,711.60			21-Sep-2005		9.250%		VA - 72.73%		Paid Off - 360		01-Jul-2005

1001935767 1			170,000.00		169,999.98			29-Sep-2005		6.788%		NJ - 85.00%		Paid Off - 360		01-Jul-2005

1001936962 1			229,900.00		229,565.17			26-Sep-2005		9.600%		FL - 95.00%		Paid Off - 360		01-Jul-2005

1001937097 2			298,850.00		298,262.53			22-Sep-2005		8.150%		FL - 80.00%		Paid Off - 360		01-Jul-2005

1001939950 2			151,000.00		150,703.15			19-Sep-2005		8.150%		CT - 79.47%		Paid Off - 360		01-Jul-2005

1001943794 1			346,500.00		346,500.00			23-Sep-2005		6.400%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1001947870 2			77,000.00		76,905.38			15-Sep-2005		10.400%		NJ - 20.00%		Paid Off - 360		01-Jul-2005

1001952747 1			304,000.00		303,523.52			21-Sep-2005		9.250%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1001958064 2			87,300.00		87,152.83			20-Sep-2005		8.900%		FL - 89.08%		Paid Off - 360		01-Jul-2005

1001961700 2			275,391.00		274,926.78			14-Sep-2005		8.900%		FL - 85.00%		Paid Off - 360		01-Jul-2005

1001969891 2			141,750.00		141,556.23			29-Sep-2005		9.900%		FL - 75.00%		Paid Off - 360		01-Jul-2005

1001971101 2			243,456.00		242,837.47			16-Sep-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Jul-2005

1001972654 1			283,000.00		283,000.00			21-Sep-2005		5.950%		CA - 80.86%		Paid Off - 360		01-Jul-2005

1001973920 1			320,000.00		319,135.82			21-Sep-2005		6.550%		CA - 72.73%		Paid Off - 360		01-Jul-2005

1001976730 2			405,000.00		405,000.00			28-Sep-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1001978159 2			103,590.00		103,440.69			22-Sep-2005		9.650%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1001983526 1			110,700.00		110,454.26			02-Sep-2005		7.550%		OR - 90.00%		Paid Off - 360		01-Jul-2005

1001985622 1			288,000.00		287,175.92			08-Sep-2005		6.250%		CA - 67.76%		Paid Off - 360		01-Jul-2005

1001987773 2			272,000.00		271,307.14			16-Sep-2005		6.850%		VA - 80.00%		Paid Off - 360		01-Jul-2005

1001992678 2			293,000.00		292,421.10			22-Sep-2005		8.125%		MA - 69.70%		Paid Off - 360		01-Jul-2005

1001993775 2			359,650.00		358,715.79			13-Sep-2005		6.750%		CA - 74.00%		Paid Off - 360		01-Jul-2005

1001994818 1			197,125.00		196,840.89			30-Sep-2005		9.650%		AZ - 95.00%		Paid Off - 360		01-Jul-2005

1001995425 2			498,750.00		498,749.97			14-Sep-2005		7.990%		CA - 95.00%		Paid Off - 360		01-Jul-2005

1001995559 2			500,000.00		500,000.00			30-Sep-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002002870 1			270,000.00		269,530.55			26-Sep-2005		8.750%		CA - 74.59%		Paid Off - 360		01-Jul-2005

1002004324 1			72,000.00		71,844.99			02-Sep-2005		7.700%		OH - 90.00%		Paid Off - 360		01-Jul-2005

1002009365 2			418,500.00		418,500.00			02-Sep-2005		6.740%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1002009506 2			252,800.00		252,799.97			06-Sep-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002013403 2			240,000.00		239,429.29			20-Sep-2005		7.200%		TX - 80.00%		Paid Off - 360		01-Jul-2005



Page 23 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1002017418 1			220,000.00		219,331.62			16-Sep-2005		6.875%		IL - 78.57%		Paid Off - 360		01-Jul-2005


1002018738 1			319,000.00		318,024.15			14-Sep-2005		5.900%		IL - 79.95%		Paid Off - 360		01-Jul-2005

1002022563 2			88,800.00		88,680.90			06-Sep-2005		9.990%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1002023571 1			161,500.00		161,073.12			20-Sep-2005		6.788%		MD - 85.00%		Paid Off - 360		01-Jul-2005

1002027639 1			254,700.00		254,700.00			20-Sep-2005		8.750%		NV - 90.00%		Paid Off - 360		01-Jul-2005

1002028219 1			175,500.00		175,499.97			27-Sep-2005		7.850%		FL - 90.00%		Paid Off - 360		01-Jul-2005

1002034097 1			175,000.00		174,562.87			16-Sep-2005		6.950%		CA - 64.81%		Paid Off - 360		01-Jul-2005

1002036683 2			319,500.00		319,384.19			28-Sep-2005		8.700%		AZ - 90.00%		Paid Off - 360		01-Jul-2005

1002039369 1			149,244.00		148,919.51			07-Sep-2005		7.650%		AZ - 80.00%		Paid Off - 360		01-Jul-2005

1002039751 1			152,000.00		152,000.00			28-Sep-2005		5.800%		CA - 25.76%		Paid Off - 360		01-Jul-2005

1002045655 1			250,000.00		249,411.03			07-Sep-2005		7.300%		CA - 76.92%		Paid Off - 360		01-Jul-2005

1002048028 1			328,500.00		327,687.47			21-Sep-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1002058374 2			45,894.00		45,817.21			09-Sep-2005		8.950%		NC - 80.00%		Paid Off - 360		01-Jul-2005

1002062779 2			192,000.00		191,610.15			22-Sep-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002067220 2			189,000.00		188,364.75			30-Sep-2005		5.400%		CA - 45.54%		Paid Off - 360		01-Jul-2005

1002071714 2			172,000.00		171,622.26			02-Sep-2005		7.600%		MA - 89.58%		Paid Off - 360		01-Jul-2005

1002072170 1			136,500.00		136,203.21			15-Sep-2005		7.650%		IL - 75.83%		Paid Off - 360		01-Jul-2005

1002090356 1			333,000.00		333,000.00			16-Sep-2005		7.500%		CA - 87.63%		Paid Off - 360		01-Jul-2005

1002096564 2			335,500.00		334,792.16			20-Sep-2005		7.800%		NJ - 84.94%		Paid Off - 360		01-Jul-2005

1002106893 2			381,600.00		381,600.00			09-Sep-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002118194 2			427,500.00		427,500.00			07-Sep-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Jul-2005

1002120243 1			325,000.00		324,180.18			01-Sep-2005		6.900%		MA - 61.32%		Paid Off - 360		01-Jul-2005

1002124686 2			242,250.00		241,882.05			16-Sep-2005		9.400%		IA - 85.00%		Paid Off - 360		01-Jul-2005

1002130795 1			86,400.00		86,208.33			02-Sep-2005		7.550%		IL - 61.71%		Paid Off - 360		01-Jul-2005

1002144021 2			95,400.00		95,323.46			09-Sep-2005		12.350%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1002146742 2			377,150.00		376,257.61			15-Sep-2005		7.225%		IL - 94.79%		Paid Off - 360		01-Jul-2005

1002147493 1			136,000.00		135,701.31			21-Sep-2005		7.600%		VA - 80.00%		Paid Off - 360		01-Jul-2005

1002147572 2			34,000.00		33,963.67			21-Sep-2005		11.050%		VA - 20.00%		Paid Off - 360		01-Jul-2005

1002151511 1			318,000.00		318,000.00			02-Sep-2005		7.300%		CA - 93.53%		Paid Off - 360		01-Jul-2005

1002154055 1			224,000.00		223,512.95			20-Sep-2005		7.650%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002156838 1			228,500.00		227,876.92			26-Sep-2005		6.500%		CA - 74.92%		Paid Off - 360		01-Jul-2005

1002167112 1			204,000.00		203,607.05			06-Sep-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002170572 2			508,000.00		506,792.03			02-Sep-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Jul-2005

1002170867 2			127,000.00		126,867.28			02-Sep-2005		11.150%		CA - 20.00%		Paid Off - 360		01-Jul-2005

1002176870 2			177,460.00		177,163.95			22-Sep-2005		8.950%		FL - 85.00%		Paid Off - 360		01-Jul-2005

1002180730 2			425,000.00		424,137.03			27-Sep-2005		7.990%		CA - 85.00%		Paid Off - 360		01-Jul-2005



TOTAL			50,543,394.05		50,451,840.15



Page 24 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										1		0		1
Collateral Principal Realized Loss/(Gain) Amount										86,549.74		0.00		86,549.74
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										23,253.16		0.00		23,253.16

Cumulative




Number of Loans Liquidated										1		0		1
Collateral Realized Loss/(Gain) Amount										86,549.74		0.00		86,549.74
Net Liquidation Proceeds										23,253.16		0.00		23,253.16










Page 25 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.01%		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										0.08%		0.00%		0.05%
3 Months Avg CDR										0.03%		0.00%		0.02%
12 Months Avg CDR										0.02%		0.00%		0.01%
Avg CDR Since Cut-off										0.02%		0.00%		0.01%


SDA										0.84%		0.00%		0.52%
3 Months Avg SDA Approximation										0.36%		0.00%		0.22%
12 Months Avg SDA Approximation										0.31%		0.00%		0.19%
Avg SDA Since Cut-off Approximation										0.31%		0.00%		0.19%


Loss Severity Approximation for Current Period										78.82%		0.00%		78.82%
3 Months Avg Loss Severity Approximation										26.27%		0.00%		26.27%
12 Months Avg Loss Severity Approximation										19.71%		0.00%		19.71%
Avg Loss Severity Approximation Since Cut-off										19.71%		0.00%		19.71%












Page 26 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

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 27 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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

1001831646 2
			10.000%		FL - 20.00%		360		109,802.90				86,549.74		0.00



TOTAL									109,802.90			86,549.74		0.00



Page 28 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						Does a Trigger Event Exist-Either (0=No,1=Yes)								0

						Does Sequential Trigger Event Exist? (0=No,1=Yes)								0




ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 29 of 30
New Century Home Equity Loan Trust 2005-3

Asset Backed Notes

2005-3

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1ss							#######			#######		#######

			A-1mz							#######			#######		#######

			A-2a							#######			#######		#######

			A-2b							#######			#######		#######

			A-2c							#######			#######		#######

			A-2d							#######			#######		#######

			M-1							#######			#######		#######

			M-2							#######			#######		#######

			M-3							#######			#######		#######

			M-4							#######			#######		#######

			M-5							#######			#######		#######

			M-6							#######			#######		#######

			M-7							#######			#######		#######

			M-8							#######			#######		#######

			M-9							#######			#######		#######

			M-10							#######			#######		#######

			TRUST							#######			#######		#######







Page 30 of 30

New Century Home Equity Loan Trust 2005-3 8-K