OMB Number 3235-0145
United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A Amendment No. 3
Under the Securities and Exchange Act of 1934
New Century Financial Corporation
Name of Issuer
common stock
Title of Class of Securities
CUSIP Number 6435EV108
Howard Amster, 23811 Chagrin Blvd., Suite 200
Beachwood, Ohio 44122-5525, 216 595-1047
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 5, 2007
(Date of Event which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of 240.13d-1(e) (f) or (g), check the
following box / /.
Note: Scheduled filed in paper format shall include a signed
original and five copies of the schedule including all exhibits.
See 240.13D-7 for other parties to who copies are to be sent.
*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 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 on 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 ("Act") 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).
1 Name of Reporting Person Howard Amster
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 1,992,271
Beneficially
Owned By Each 8 Shared Voting 758,529
Reporting Person
With 9 Sole Dispositive 1,992,271
10 Shared Dispositive 758,529
11 Aggregate Amount Beneficially owned 2,001,171
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 3.61 %
14 Type of Reporting Person IN
1 Name of Reporting Person Howard M Amster 2005
Charitable Remainder Unitrust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 131,394
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 131,394
11 Aggregate Amount Beneficially owned 131,394
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.24 %
14 Type of Reporting Person OO
1 Name of Reporting Person Amster Limited Partnership
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 3,900
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 3,900
11 Aggregate Amount Beneficially owned 3,900
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person PN
1 Name of Reporting Person Amster Trading Company
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 615,560
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 615,560
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person CO
1 Name of Reporting Person Amster Trading Company
Charitable Remainder Unitrusts
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 615,560
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 615,560
11 Aggregate Amount Beneficially owned 615,560
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.11 %
14 Type of Reporting Person OO
1 Name of Reporting Person Samuel J Heller
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 2,675
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 2,675
11 Aggregate Amount Beneficially owned 2,675
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person IN
1 Name of Reporting Person Samuel J Heller Irrevocable Trust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 2,675
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 2,675
11 Aggregate Amount Beneficially owned 2,675
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person OO
1 Name of Reporting Person Ramat Securities Ltd.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 5,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 5,000
11 Aggregate Amount Beneficially owned 5,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person BD
1 Name of Reporting Person Tova Financial, Inc.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person CO
1 Name of Reporting Person Tova Financial, Inc. Charitable
Remainder Unitrust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person OO
1 Name of Reporting Person ZAK Group LLC
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 2,100
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 2,100
11 Aggregate Amount Beneficially owned 2,100
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.00 %
14 Type of Reporting Person OO
1 Name of Reporting Person David Zlatin
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 1,551
Beneficially
Owned By Each 8 Shared Voting 7,100
Reporting Person
With 9 Sole Dispositive 1,551
10 Shared Dispositive 7,100
11 Aggregate Amount Beneficially owned 8,651
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.02 %
14 Type of Reporting Person IN
1 Name of Reporting Person David Zlatin and Gilda Zlatin JTWROS
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.00 %
14 Type of Reporting Person IN
1 Name of Reporting Person Gilda Zlatin
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 374
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive 374
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 374
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person IN
There are no changes to the Schedule 13D, as amended except
as set forth in this third amendment.
Item 4. Purpose of Transaction
The following member group decreased their holdings and ceased
to be beneficial owners of more than five percent of the common
stock of New Century Financial Corporation.
Howard Amster
Howard Amster 2005 CRUT
Amster Limited Partnership
Amster Trading Company
Amster Trading Company Charitable Remainder Unitrusts
Samuel J Heller
Samuel J Heller Irrevocable Trust
Ramat Securities Ltd.
Tova Financial, Inc.
Tova Financial, Inc. Charitable Remainder Unitrust
ZAK Group, Ltd.
David Zlatin
David Zlatin and Gilda Zlatin JTWROS
Gilda Zlatin
Item 5. Interest in Securities of the Issuer
The outstanding common shares of the Issuer is 55,470,607 shares
as of October 31, 2006 referenced in the 10-Q for period ending
September 30, 2006.
(a)(b) The aggregate amount owned by this Reporting Group is
2,752,725 shares or 4.96 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 1,992,171 shares or 3.59 % of the common outstanding shares.
Howard M Amster 2005 Charitable Remainder Unitrust owns
131,394 shares or 0.24 % of the common outstanding shares.
Amster Ltd. Partnership owns 1,800 common
shares or 0.00 % of the common outstanding shares
Amster Trading Company Charitable Remainder Unitrusts
own 615,560 shares or 1.11 % of the common outstanding shares.
Samuel J Heller Irrevocable trust owns 2,675 shares
or 0.01 % of the common outstanding shares.
Ramat Securities Ltd. owns 5,000 common shares or
0.01 % of the common outstanding shares.
Tova Financial, Inc. owns 0 common shares or
0.0 % of the common outstanding shares.
Tova Financial, Inc. Charitable Remainder Unitrust
owns 0 common shares or 0.0 % of the
common outstanding shares.
ZAK Group LLC owns 2,100 common shares or
0.0 % of the common outstanding shares.
David Zlatin owns 1,551 common shares or
0.0 % of the common outstanding shares.
David Zlatin and Gilda Zlatin own 0 common shares or
0.0% of the common outstanding shares.
Gilda Zlatin owns 374 common shares or
0.0 % of the common outstanding shares.
c) Description of Transactions
All transactions were executed on a listed stock exchange
as an open market transaction with Bear, Stearns Securities
Corp. as executing broker.
Sold
Howard Amster 03/05/07 77,000 5.42
individual
retirement account
Ramat Securities 02/28/07 23,000 14.85
Ltd. 03/05/07 9,431 5.67
03/05/07 95,000 5.54
Tova Financial, Inc. 02/15/07 3,100 19.10
Tova Financial, Inc. 03/05/07 5,800 6.38
Charitable Remainder
Unitrust
David Zlatin and 02/15/07 100 19.10
Gilda Zlatin
JTWROS
e) The following member group ceased to be
beneficial owners of more than five percent of New
Century Financial Corp common stock on March 5, 2007.
Howard Amster
Howard Amster 2005 CRUT
Amster Limited Partnership
Amster Trading Company
Amster Trading Company Charitable Remainder Unitrusts
Samuel J Heller
Samuel J Heller Irrevocable Trust
Ramat Securities Ltd.
Tova Financial, Inc.
Tova Financial, Inc. Charitable Remainder Unitrust
ZAK Group, Ltd.
David Zlatin
David Zlatin and Gilda Zlatin JTWROS
Gilda Zlatin
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: March 5, 2007
/s/
Howard Amster
/s/
Howard M Amster 2005 Charitable Remainder Unitrust
By: Howard Amster
Title: Trustee
/s/
Amster Limited Partnership
By: Howard Amster
Title: General Partner
/s/
Amster Trading Company
By: Howard Amster
Title: President
/s/
Amster Trading Company Charitable Remainder Unitrusts
By: Howard Amster
Title: Trustee
/s/
Samuel J Heller
/s/
Samuel J Heller Irrevocable Trust
By: Howard Amster
Title: Trustee
/s/
Ramat Securities Ltd.
By: David Zlatin
Title: Principal
/s/
Tova Financial, Inc.
By: David Zlatin
Title: President
/s/
Tova Financial , Inc. Charitable Remainder Unitrust
By: David Zlatin & Gilda Zlatin
Title: Co-trustees
/s/
Zak Group LLC
By: David Zlatin
Title: Member
/s/
David Zlatin
/s/
David Zlatin and Gilda Zlatin JTWROS
/s/
Gilda Zlatin