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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	November 10, 2006
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  	New Century Financial Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Maryland
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  	001-32314
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  	56-2451736
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	18400 Von Karman Avenue, Suite 1000, Irvine, California
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  	92612
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	(949) 440-7030
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On November 10, 2006, New Century Financial Corporation, a Maryland corporation (the "Company"), New Century Mortgage Corporation, an indirect wholly owned subsidiary of the Company ("NCMC"), NC Capital Corporation, a direct wholly owned subsidiary of NCMC ("NC Capital"), NC Asset Holding, L.P., an indirect wholly owned subsidiary of the Company ("NCAH"), Home123 Corporation, an indirect wholly owned subsidiary of the Company ("Home123"), and New Century Credit Corporation, a direct wholly owned subsidiary of the Company ("NCCC" and, together with NCMC, NC Capital, NCAH and Home123, the "Sellers"), entered into a Fifth Amended and Restated Master Repurchase Agreement (the "Fifth Amended and Restated MRA") with IXIS Real Estate Capital Inc. ("IXIS").  The purpose of the Fifth Amended and Restated MRA was to amend and restate the Fourth Amended and Restated Master Repurchase Agreement (as amended, the "Fourth Amended and Restated MRA") among the parties to, among other things, extend the termination date to November 10, 2007, increase the maximum committed amount to $1 billion and allow for certain additional mortgage loan products to be financed thereunder.  Concurrently, the Company entered into an Amended and Restated Guarantee (the "Guarantee"), dated as of November 10, 2006, in favor of IXIS in order to guaranty the Sellers&#x2019; obligations under the Fifth Amended and Restated MRA.  The Fifth Amended and Restated MRA and the Guarantee are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report and are incorporated herein by reference.
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  	Item 9.01 Financial Statements and Exhibits.
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  (d)	Exhibits.<br><br>The following exhibits are part of this current report on Form 8-K and are numbered in accordance with Item 601 of Regulation S-K.<br><br><br>10.1	Fifth Amended and Restated Master Repurchase Agreement, dated as of November 10, 2006, by and among New Century Financial Corporation, NC Capital Corporation, New Century Credit Corporation, NC Asset Holding, L.P., Home123 Corporation, New Century Mortgage Corporation and IXIS Real Estate Capital Inc.<br><br>10.2	Amended and Restated Guarantee, dated as of November 10, 2006, by New Century Financial Corporation in favor of IXIS Real Estate Capital Inc.<br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	New Century Financial Corporation
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  <I>
  	November 16, 2006
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  	By:
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  <I>
  	/s/ Brad A. Morrice
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  <I>
  	Name: Brad A. Morrice
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  <I>
  	Title: President and Chief Executive Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	10.1
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  Fifth Amended and Restated Master Repurchase Agreement, dated as of November 10, 2006, by and among New Century Financial Corporation, NC Capital Corporation, New Century Credit Corporation, NC Asset Holding, L.P., Home123 Corporation, New Century Mortgage Corporation and IXIS Real Estate Capital Inc.
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  	10.2
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  Amended and Restated Guarantee, dated as of November 10, 2006, by New Century Financial Corporation in favor of IXIS Real Estate Capital Inc.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16446.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12570}]
metadata_filer: {"company-data": {"conformed-name": "NEW CENTURY FINANCIAL CORP", "cik": "0001287286", "assigned-sic": "6798", "irs-number": "562451736", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32314", "film-number": "061224210"}, "business-address": {"street1": "18400 VON KARMAN", "street2": "SUITE 1000", "city": "IRVINE", "state": "CA", "zip": "92612", "phone": "9494407030"}, "mail-address": {"street1": "18400 VON KARMAN", "street2": "SUITE 1000", "city": "IRVINE", "state": "CA", "zip": "92612"}, "former-company": {"former-conformed-name": "NEW CENTURY REIT INC", "date-changed": "20040416"}}
text: New Century Financial Corporation (Form: 8-K)
  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):
  November 10, 2006
  New Century Financial Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  001-32314
  56-2451736
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  18400 Von Karman Avenue, Suite 1000, Irvine, California
  92612
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (949) 440-7030
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On November 10, 2006, New Century Financial Corporation, a Maryland corporation (the "Company"), New Century Mortgage Corporation, an indirect wholly owned subsidiary of the Company ("NCMC"), NC Capital Corporation, a direct wholly owned subsidiary of NCMC ("NC Capital"), NC Asset Holding, L.P., an indirect wholly owned subsidiary of the Company ("NCAH"), Home123 Corporation, an indirect wholly owned subsidiary of the Company ("Home123"), and New Century Credit Corporation, a direct wholly owned subsidiary of the Company ("NCCC" and, together with NCMC, NC Capital, NCAH and Home123, the "Sellers"), entered into a Fifth Amended and Restated Master Repurchase Agreement (the "Fifth Amended and Restated MRA") with IXIS Real Estate Capital Inc. ("IXIS").  The purpose of the Fifth Amended and Restated MRA was to amend and restate the Fourth Amended and Restated Master Repurchase Agreement (as amended, the "Fourth Amended and Restated MRA") among the parties to, among other things, extend the termination date to November 10, 2007, increase the maximum committed amount to $1 billion and allow for certain additional mortgage loan products to be financed thereunder.  Concurrently, the Company entered into an Amended and Restated Guarantee (the "Guarantee"), dated as of November 10, 2006, in favor of IXIS in order to guaranty the Sellers' obligations under the Fifth Amended and Restated MRA.  The Fifth Amended and Restated MRA and the Guarantee are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report and are incorporated herein by reference.
  Item 9.01 Financial Statements and Exhibits.
  (d)	Exhibits.
  The following exhibits are part of this current report on Form 8-K and are numbered in accordance with Item 601 of Regulation S-K.
  10.1	Fifth Amended and Restated Master Repurchase Agreement, dated as of November 10, 2006, by and among New Century Financial Corporation, NC Capital Corporation, New Century Credit Corporation, NC Asset Holding, L.P., Home123 Corporation, New Century Mortgage Corporation and IXIS Real Estate Capital Inc.
  10.2	Amended and Restated Guarantee, dated as of November 10, 2006, by New Century Financial Corporation in favor of IXIS Real Estate Capital Inc.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  New Century Financial Corporation
  November 16, 2006
  By:
  /s/ Brad A. Morrice
  Name: Brad A. Morrice
  Title: President and Chief Executive Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Fifth Amended and Restated Master Repurchase Agreement, dated as of November 10, 2006, by and among New Century Financial Corporation, NC Capital Corporation, New Century Credit Corporation, NC Asset Holding, L.P., Home123 Corporation, New Century Mortgage Corporation and IXIS Real Estate Capital Inc.
  10.2
  Amended and Restated Guarantee, dated as of November 10, 2006, by New Century Financial Corporation in favor of IXIS Real Estate Capital Inc.