SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
___________________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 3)(1)
New Century Financial Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
64352 D 10 1
(CUSIP Number)
-------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d- (c)
[ X ] Rule 13d-1(d)
----------------------------
(1) The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
-------------------------------------------------------------
| CUSIP NO. 64352 D 10 1 13G Page 2 of 5 Pages |
-------------------------------------------------------------
-------------------------------------------------------------
|1. NAME OF REPORTING PERSONS |
| I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES |
| ONLY) |
| |
| Brad A. Morrice |
|-----------------------------------------------------------|
|2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| (a) [__] |
| (b) [__] |
| Not applicable |
|-----------------------------------------------------------|
|3. SEC USE ONLY |
| |
|-----------------------------------------------------------|
|4. CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| United States |
|-----------------------------------------------------------|
| |5. | SOLE VOTING POWER |
| | | 1,298,568 |
| NUMBER OF |---|---------------------------------------|
| SHARES |6. | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |---|---------------------------------------|
| EACH |7. | SOLE DISPOSITIVE POWER |
| REPORTING | | 1,295,868 |
| PERSON WITH |---|---------------------------------------|
| |8. | SHARED DISPOSITIVE POWER |
| | | 0 |
|-----------------------------------------------------------|
|9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING |
| PERSON |
| |
| 1,298,568 |
|-----------------------------------------------------------|
|10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| CERTAIN SHARES [__] |
| |
| Not applicable |
|-----------------------------------------------------------|
|11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 8.7% |
|-----------------------------------------------------------|
|12. TYPE OF REPORTING PERSON* |
| |
| IN |
-------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-------------------------------------------------------------
| CUSIP NO. 64352 D 10 1 13G Page 3 of 5 Pages |
-------------------------------------------------------------
Item 1(a). Name of Issuer:
New Century Financial Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
18400 Von Karman, Suite 1000
Irvine, CA 92612
Item 2(a). Name of Person Filing:
Brad A. Morrice
Item 2(b). Address of Principal Business Office or, if
None, Residence:
c/o New Century Financial Corporation
18400 Von Karman, Suite 1000
Irvine, CA 92612
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
64352 D 10 1
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b) or (c), check
whether the person filing is a:
Not applicable
-------------------------------------------------------------
| CUSIP NO. 64352 D 10 1 13G Page 4 of 5 Pages |
-------------------------------------------------------------
Item 4. Ownership.
Provide the following information regarding
the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 1,298,568
(b) Percent of class: 8.7%
(c) Number of shares as to which such person
has:
(i) Sole power to vote or to
direct the vote: 1,298,568(1)
(ii) Shared power to vote or
to direct the vote: 0
(iii) Sole power to dispose
or to direct the
disposition of: 1,295,868
(iv) Shared power to dispose
or to direct the
disposition of: 0
Item 5. Ownership of Five Percent of Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by
the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of
the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
------------------------------
(1) Includes 2,700 shares of restricted stock which are
subject to forfeiture under certain circumstances.
Mr. Morrice has voting, but not dispositive, power with
respect to such shares.
-------------------------------------------------------------
| CUSIP NO. 64352 D 10 1 13G Page 5 of 5 Pages |
-------------------------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
February 12, 2001
-----------------------------
(Date)
/s/ Brad A. Morrice
-----------------------------
(Signature)
Brad A. Morrice
-----------------------------
(Name/Title)