Item 8.01 Other Events.

On June 28, 2007, the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") entered an order establishing August 31, 2007, as the last date (the "claim bar date") for all persons and entities holding or wishing to assert bankruptcy claims against New Century Financial Corporation (the "Company") and certain of its debtor-in-possession subsidiaries (collectively with the Company, the "Debtors") to file a proof of claim form. Through the claim bar date, the dollar amount of claims filed against the Debtors exceeded $32 billion. The Debtors are in the preliminary stages of their review of these claims and based on their preliminary review believe that certain of these claims will be subject to objection as being duplicative, overstated, based upon contingencies that have not occurred, or because they otherwise do not state a valid claim. The foregoing amount does not include claims that were filed without a specified dollar amount, referred to as unliquidated claims, and claims that were filed after the claim bar date.

Based on a preliminary review of the claims against the Company received by the claim bar date, the Company currently believes that there will be no recovery in respect of the Company's outstanding common stock under the Debtors' plan of liquidation. Further and updated information regarding these matters will be included in the Debtors' disclosure statement, which will be the definitive source for such information when it is approved by the Bankruptcy Court.

Certain statements contained in this Current Report on Form 8-K may be deemed to be forward-looking statements under federal securities laws and the Company intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, but are not limited to, the Company's belief that there will be no recovery in respect of its outstanding common stock. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements. Such factors include, but are not limited to, the outcome of litigation concerning certain causes of action of the Company, the results of the Company's review of submitted claims and the Company's ability to resolve contingent and unliquidated claims. Additional information on these and other factors is contained in the Company's Securities and Exchange Commission filings. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this Current Report on Form 8-K.

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