OMB Number 3235-0145
United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D
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)
July 31, 2006
(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 1,493,571
Beneficially
Owned By Each 8 Shared Voting 1,543,429
Reporting Person
With 9 Sole Dispositive 1,493,571
10 Shared Dispositive 1,543,429
11 Aggregate Amount Beneficially owned 2,003,171
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 3.55 %
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) 0.23 %
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 3,200
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 3,200
11 Aggregate Amount Beneficially owned 3,200
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 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 1,109,660
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 1,109,660
11 Aggregate Amount Beneficially owned 209,900
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.37 %
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 899,760
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 899,760
11 Aggregate Amount Beneficially owned 899,760
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.60 %
14 Type of Reporting Person OO
1 Name of Reporting Person Samuel J Heller
2 If a member group a) / /
c) /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) 0.00 %
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) 0.00 %
14 Type of Reporting Person OO
1 Name of Reporting Person Pleasant Lake Apts. Corp.
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 26,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 26,000
11 Aggregate Amount Beneficially owned 26,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.04 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts. Ltd.
Partnership
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds 00
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 26,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 26,000
11 Aggregate Amount Beneficially owned 26,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.04 %
14 Type of Reporting Person 00
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 270,500
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 270,500
11 Aggregate Amount Beneficially owned 270,500
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.5 %
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 8,341
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 8,341
11 Aggregate Amount Beneficially owned 3,100
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 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 5,241
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 5,241
11 Aggregate Amount Beneficially owned 5,241
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 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) / /
d) /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 1,351
Beneficially
Owned By Each 8 Shared Voting 280,941
Reporting Person
With 9 Sole Dispositive 1,351
10 Shared Dispositive 280,941
11 Aggregate Amount Beneficially owned 277,051
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.5 %
14 Type of Reporting Person IN
1 Name of Reporting Person Gilda Zlatin
2 If a member group a) / /
e) /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 314
Beneficially
Owned By Each 8 Shared Voting 8,341
Reporting Person
With 9 Sole Dispositive 314
10 Shared Dispositive 8,341
11 Aggregate Amount Beneficially owned 3,414
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
Item 1. Security and Issuer
New Century Financial Corporation
common stock
New Century Financial Corporation
18400 Von Karman, Suite 1000
Irvine, California 92612
949 440 7030
CUSIP Number 6435EV108
Item 2. Identity and Background
Howard Amster
a) Howard Amster
b) 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122-5525
c) Present principal occupation- Real Estate Operator
23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525
d) Howard Amster has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Howard Amster has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Howard M Amster 2005 Charitable Remainder Unitrust
Howard M Amster 2005 Charitable Remainder Unitrust has
been funded by Howard Amster . Because Howard Amster
has the right to change the trustee of the trust, he can be
deemed to have the right to shared voting and dispositive power
over any security owned by the trust. While Howard Amster
receives certain income distributions from the trust, the assets
owned by the trust benefits charitable purposes. Howard Amster
disclaims beneficial ownership of the securities owned by the
trust. Howard Amster is the sole trustee of the Howard M
Amster 2005 Charitable Remainder Unitrust, although he has
no pecuniary interest in the trust and therefore disclaims
beneficial ownership of shares owned by the trust.
a) Howard M Amster 2005 Charitable Remainder Unitrust
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Charitable Remainder Unitrust
d) Neither Howard Amster or the trustee have been convicted
in any criminal proceedings (excluding traffic violations or
similar misdemeanors, if any) within the last five years.
e) Neither Howard Amster or the trustee have been a party to
any civil proceedings of a judicial or administrative body or
competent jurisdictions of the type described in Item 2 of
Schedule 13D within the last five years.
f) U.S.A.
Amster Limited Partnership
Howard Amster is a 10 % owner and General Partner of Amster
Limited Partnership and as such can be deemed the beneficial owner
of such entity and may be deemed to have shared voting and dispositive
power over shares owned by Amster Limited Partnership.
a) Amster Limited Partnership
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors or partners of Amster Ltd.
Partnership have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or partners of Amster
Ltd. Partnership have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Amster Trading Company
Howard Amster is the 100% owner of Amster Trading Company and
as such can be deemed the beneficial owner of such entity and may be
deemed to have shared voting and dispositive power over shares owned
by Amster Trading Company.
a) Amster Trading Company
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors, or shareholder of Amster
Trading Company have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholder of Amster
Trading Company have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Amster Trading Company Charitable Remainder Unitrusts
Amster Trading Company Charitable Remainder Unitrusts have
been funded by Amster Trading Company. Because Amster
Trading Company has the right to change the trustee of the
trusts, it can be deemed to have the right to shared voting and
dispositive power over any security owned by the trusts. While
Amster Trading Company receives certain income distributions
from the trusts, the assets owned by the trusts benefits charitable
purposes. Amster Trading Company disclaims beneficial ownership
of the securities owned by these trusts. Howard Amster is the sole
trustee of the Amster Trading Company Charitable Remainder
Unitrusts although he has no pecuniary interest in the trusts and
therefore disclaims beneficial ownership of shares owned by the
trusts.
a) Amster Trading Company Charitable Remainder Unitrusts
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Charitable Remainder Unitrusts
d) Neither the officers, directors, or shareholders of Amster
Trading Company have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholders of Amster
Trading Company have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Samuel J Heller
a) Samuel J Heller
b) 1550 N Stapley Drive, # 131
Mesa, Arizona 85203-3710
c) Student
d) Samuel J Heller has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Samuel J Heller has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Samuel J Heller Irrevocable Trust
Howard Amster is a co-trustee of the Samuel J Heller
Irrevocable Trust. Mr. Amster can be deemed to have the
right to shared voting and dispositive power over any security
owned by the trust. Mr. Amster has no pecuniary interest
in the trust and therefore disclaims beneficial ownership of
shares owned by the trust.
a) Samuel J Heller Irrevocable Trust
b) 1550 N Stapley Drive, # 131
Mesa, Arizona 85203-3710
c) Irrevocable Trust
d) Neither Howard Amster as trustee or the other trustees
have been convicted in any criminal proceedings (excluding
traffic violations or similar misdemeanors, if any) within the
last five years.
e) Neither Howard Amster as trustee or the other trustees
have been a party to any civil proceedings of a judicial or
administrative body or competent jurisdictions of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Pleasant Lake Apts. Corp.
Howard Amster is the 100 % owner of Pleasant Lake Apts. Corp.
and as such can be deemed the beneficial owner of such entity
and may be deemed to have shared voting and dispositive power
over shares owned by Pleasant Lake Apts. Ltd. Corp.
a) Pleasant Lake Apts. Corp.
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors or shareholder of Pleasant
Lake Apts. Corp. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or shareholder of Pleasant
Lake Apts. Corp. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Pleasant Lake Apts. Ltd. Partnership
Howard Amster is the 99.75 % owner of Pleasant Lake Apts. Ltd.
Partnership and as such can be deemed the beneficial owner of
such entity and may be deemed to have shared voting and dispositive
power over shares owned by Pleasant Lake Apts. Ltd. Partnership.
Pleasant Lake Apts. Corp. is the General Partner of Pleasant
Lake Apts. Ltd. Partnership and as such can be deemed the
beneficial owner of such entity and may be deemed to have shared
voting and dispositive power over shares owned by Pleasant Lake
Apts. Ltd. Partnership.
a) Pleasant Lake Apts. Ltd. Partnership
b) 7530 Lucerne Drive, # 101
Middleburg Heights, Ohio 44130
c) Real Estate
d) Neither the officers, directors or partners of Pleasant Lake
Apts. Ltd. Partnership have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or partners of Pleasant Lake
Apts. Ltd. Partnership have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Ramat Securities Ltd., 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122
Securities Firm
David Zlatin and Howard Amster are the unitholders of Ramat
Securities Ltd., an Ohio Limited Liability Company.
David Zlatin is a 17 % owner/principal of Ramat Securities Ltd.
and has joint control of voting and dispositive power over all
securities owned by Ramat Securities Ltd. While David Zlatin
directly or indirectly does not beneficially own 5 % of
New Century Financial Corporation, he because of such voting and
dispositive power, might be deemed a beneficial owner of these
shares owned by Ramat Securities Ltd.
Howard Amster is an 83 % owner/principal of Ramat Securities Ltd.
and has joint voting or dispositive power over any securities owned by
Ramat Securities Ltd., but by being an 83 % owner can be deemed a
beneficial owner of all securities owned by Ramat Securities Ltd.
d) Neither the members or unitholders of Ramat Securities Ltd. have
been convicted in any criminal proceedings (excluding traffic
violations or similar misdemeanors, if any) within the last five years.
e) Neither the members or unitholders of Ramat Securities Ltd.
have been a party to any civil proceedings of a judicial or
administrative body or competent jurisdictions of the type described
in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Tova Financial, Inc.
David Zlatin is a 50 % owner of Tova Financial, Inc. and as such can
be deemed the beneficial owner of such entity and may be deemed to
share shared voting and dispositive power over shares owned by
Tova Financial, Inc.
Gilda Zlatin is a 50 % owner of Tova Financial, Inc. and as such can
be deemed the beneficial owner of such entity and may be deemed to
share shared voting and dispositive power over shares owned by
Tova Financial, Inc.
a) Tova Financial, Inc.
b) 2562 Biscayne Blvd.
Beachwood, Ohio 44122-1773
c) Investments
d) Neither the officers, directors or shareholders of Tova Financial
Inc. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or shareholders of Tova Financial
Inc. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Tova Financial, Inc., Charitable Remainder Unitrust
Tova Financial, Inc., Charitable Remainder Unitrust has been
Funded by Toval Financial, Inc. Because Tova Financial, Inc.
has the right to change the trustee of the trust, it can be deemed
to have the right to shared voting and dispositive power over
any security owned by the trust. While Tova Financial, Inc.
receives certain income distributions from the trust, the assets
owned by the trust benefits charitable purposes. Tova Financial
Inc. disclaims beneficial ownership of the securities owned by
the trust. David Zlatin and Gilda Zlatin are co-trustees of the
Tova Financial, Inc. Charitable Remainder Unitrust, although
they have no pecuniary interest in the trust and therefore disclaim
beneficial ownership of shares owned by the trust.
a) Tova Financial, Inc., Charitable Remainder Unitrust
b) 2562 Biscayne Blvd.
Beachwood, Ohio 44122-1773
c) Charitable Remainder Unitrust
d) Neither the officers, directors, or shareholders of Tova
Financial, Inc. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholders of Tova
Financial, Inc. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
ZAK Group LLC
David Zlatin is a 36 % owner of ZAK Group LLC and as such can be
deemed to be a beneficial owner of such entity and may be deemed to have
shared voting and dispositive power shares owned by ZAK Group LLC.
Amster Limited Partnership is a 28 % owner of ZAK Group LLC and as
such can be deemed to be a beneficial owner of such entity and may be
deemed to have shared voting and dispositve power owned by ZAK
Group LLC.
a) ZAK Group LLC
b) 221 Allynd Blvd., Chardon, Ohio 44024-1010
c) Investments
d) Neither the officers, directors or members of ZAK Group LLC
have been convicted in any criminal proceedings (excluding traffic
violations or similar misdemeanors, if any) within the last five years.
e) Neither the officers, directors or members of ZAK Group LLC
have been a party to any civil proceedings of a judicial or administrative
body of competent jurisdiction of the type described in Item 2 of
Schedule 13D within the last five years.
David Zlatin
David Zlatin and Gilda Zlatin are husband and wife. Except for Tova
Financial, Inc., and Tova Financial, Inc. Charitable Remainder
Unitrust, each disclaims any shared voting and dispositive power
over shares of New Century Financial Corporation that each may own
as a beneficial owner.
a) David Zlatin
b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773
c) Present principal occupation- Principal, Ramat Securities Ltd.,
securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525
d) David Zlatin has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) David Zlatin has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
Gilda Zlatin
David Zlatin and Gilda Zlatin are husband and wife. Except for Tova
Financial, Inc., and Tova Financial, Inc. Charitable Remainder
Unitrust, each disclaims any shared voting and dispositive power
over shares of New Century Financial Corporation that each may own
as a beneficial owner.
a) Gilda Zlatin
b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773
c) Present principal occupation- Teacher
On leave/sabbatical.
d) Gilda Zlatin has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Gilda Zlatin has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
For information purposes only
Clients and employees (excluding Mr. Amster and Mr. Zlatin)
of Ramat Securities own 111,286 shares of New Century Financial
Corporation or 0.20 % of the Registrant's common shares.
Clients and employees (excluding Mr. Amster and Mr. Zlatin)
of Ramat Securities Ltd. do not have ownership, no shared
voting, no dispositive power, no pecuniary interest in
in any shares in Registrant's common shares nor
to any other securities owned directly or indirectly by
Ramat Securities Ltd. Clients and employees of
Ramat Securities Ltd. (excluding Mr. Amster and Mr. Zlatin)
disclaim being a member of this group.
Ramat Securities has no ownership, no shared voting,
no dispositive, no pecuniary interest in Registrant's
common shares nor in any other securities owned
directly or indirectly by its clients or employees
(excluding Mr. Amster and Mr. Zlatin).
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his personal and individual retirement accounts
purchased all 1,493,571 common shares with personal funds without
borrowing. The total consideration for the purchases is
is $ 77,796,429.12.
Howard M Amster 2005 Charitable Remainder Unitrust purchased
all 131,394 common shares with trust assets without borrowing. The
total consideration for the purchase was $ 6,233,393.09.
Amster Ltd. Partnership purchased all 1,100 common
shares with partnership funds without borrowing. The total
consideration for this purchase is $ 64,780.50.
Amster Trading Company purchased all 209,900 common shares
with working capital without borrowing. The total consideration
for these purchases is $ 9,449,963.74.
Amster Trading Company Charitable Remainder Unitrusts purchased
all 899,760 common shares with trust assets without borrowing.
The total consideration for these purchases is $ 45,437,957.84.
Samuel J Heller Irrevocable Trust purchased all 2,675 common
shares with trust assets without borrowing. The total
consideration for these purchase is $ $ 155,212.63.
Pleasant Lake Apts. Ltd. Partnership purchased all 26,000 common
shares with partnership funds without borrowing. The total
consideration for these purchases is $ 1,164,226.36.
Ramat Securities Ltd. purchased all 270,500 common shares
with working capital without borrowing. The total consideration
for these purchases is $ 12,440,645.32.
Tova Financial, Inc. purchased all 3,100 common shares
with working capital without borrowing. The total
consideration for the purchase is $ 135,973.38.
Tova Financial, Inc. Charitable Remainder Unitrust purchased
all 5,241 common shares with trust assets without borrowing.
The total consideration for the purchase is $ 314,215.80.
ZAK Group LLC purchased all 2,100 common shares
with working capital without borrowing. The total consideration
for the purchase is $ 112,942.72. .
David Zlatin , in his individual retirement and K accounts purchased
all 1,351 common shares with personal funds and without
borrowing. The total consideration for the purchases is $ 73,301.42.
Gilda Zlatin in her individual retirement account purchased
All 314 common shares with personal funds and without
borrowing. The total consideration for the purchases is $ 16,808.59.
Item 4. Purpose of Transaction
Howard Amster, Howard M Amster 2005 Charitable Remainder
Unitrust, Amster Limited Partnership, Amster Trading Company,
Amster Trading Company Charitable Remainder Unitrusts,
Samuel J Heller, Samuel J. Heller Irrevocable Trust,
Pleasant Lake Apts. Corp., Pleasant Lake Apts. Ltd. Partnership,
Ramat Securites Ltd., Tova Financial, Inc., Toval Financial Inc.
Charitable Remainder Unitrust, Zak Group Ltd., David Zlatin,
Gilda Zlatin acquired their shares for purposes of investment
and may deemed to be a group.
There are no present plans or proposals by this group of
record or the beneficial owners as reported in this Schedule 13D which
relates to or would result in the following:
a. The acquisition by any person of additional securities of the
issuer, or the disposition of securities of the issuer provided, however,
the reporting persons might acquire additional shares or other securities
of the issuer or dispose of some or all of their shares depending upon
market conditions and their personal circumstances;
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its
subsidiaries;
c. A sale or transfer or a material amount of assets of the issuer or
any of its subsidiaries;
d. Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number of the terms
of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or
dividend policy of the issuer;
f. Any other material in the issuer's business or corporate structure;
g. Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
the issuer by any person;
h. Causing a class of securities of the issuer to be delisted from a
national securities exchange or cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
j. Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
The outstanding common shares of the Issuer is 56,397,064 shares
as of April 30, 2006 referenced in the 10-Q for period ending
March 31, 2006.
(a)(b) The aggregate amount owned by this Reporting Group is
3,047,006 shares or 5.40 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 1,493,571 shares or 2.65 % of the common outstanding shares.
Howard M Amster 2005 Charitable Remainder Unitrust owns
131,394 shares or 0.23 % of the common outstanding shares.
Amster Ltd. Partnership owns 1,100 common
shares or 0.00 % of the common outstanding shares
Amster Trading Company owns 209,900 shares or
0.37 % of the common outstanding shares.
Amster Trading Company Charitable Remainder Unitrusts
own 899,760 shares or 1.60 % of the common outstanding shares.
Samuel J Heller Irrevocable trust owns 2,675 shares
or 0.00 % of the common outstanding shares.
Pleasant Lake Apts. Ltd. Partnership owns 26,000 common
shares or 0.04 % of the common outstanding shares.
Ramat Securities Ltd. owns 270,500 common shares or
0.5 % of the common outstanding shares.
Tova Financial, Inc. owns 3,100 common shares or
0.00 % of the common outstanding shares.
Tova Financial, Inc. Charitable Remainder Unitrust
owns 5,241 common shares or 0.01 % of the
common outstanding shares.
ZAK Group LLC owns 2,100 common shares or
0.00 % of the common outstanding shares.
David Zlatin owns 1,351 common shares or
0.00 % of the common outstanding shares.
Gilda Zlatin owns 314 common shares or
0.00 % of the common outstanding shares.
c) Description of Transactions
All purchases were executed on a listed stock exchange
as an open market transaction.
Executing
Identity Date Shares Price Broker
Howard Amster 12/16/03 2,000 37.75 Bear, Stearns
and various 12/17/03 13,376 37.84 Bear, Stearns
Individual 12/19/03 11,000 38.13 Bear, Stearns
Retirement Accounts 02/05/04 3,500 44.99 Bear, Stearns
03/11/04 8,004 49.40 Bear, Stearns
03/12/04 5,000 49.42 Bear, Stearns
03/15/04 9,500 48.79 Bear, Stearns
03/16/04 2,000 48.50 Bear, Stearns
03/18/04 10,000 48.79 Bear, Stearns
03/23/04 3,000 48.5 Bear, Stearns
04/16/04 2,300 44.65 Bear, Stearns
04/19/04 2,100 44.42 Bear, Stearns
08/19/04 22,000 48.62 Bear, Stearns
08/19/04 34,100 49.02 Bear, Stearns
10/12/04 10,900 57.76 Bear, Stearns
10/20/04 7,400 52.37 Bear, Stearns
10/21/04 1,000 54.14 Bear, Stearns
10/22/04 85 54.02 Bear, Stearns
10/25/04 20,700 53.12 Bear, Stearns
10/26/04 20,400 54.40 Bear, Stearns
10/27/04 500 55.19 Bear, Stearns
10/29/04 1,300 55.19 Bear, Stearns
11/01/04 3,100 55.73 Bear, Stearns
11/05/04 59,800 59.25 Bear, Stearns
11/08/04 43,100 59.89 Bear, Stearns
11/09/04 15,100 60.28 Bear, Stearns
11/15/04 700 64.58 Bear, Stearns
11/22/04 800 60.84 Bear, Stearns
11/23/04 900 61.90 Bear, Stearns
11/24/04 400 61.89 Bear, Stearns
11/30/04 1,400 62.82 Bear, Stearns
12/23/04 7,800 63.61 Bear, Stearns
12/27/04 2,500 62.95 Bear, Stearns
12/28/04 2,000 63.39 Bear, Stearns
12/30/04 12,000 64.64 Bear, Stearns
12/31/04 35,000 64.50 Bear, Stearns
01/03/05 20,000 63.85 Bear, Stearns
01/04/05 2,100 63.51 Bear, Stearns
01/06/05 11,100 59.18 Bear, Stearns
01/07/05 24,000 59.38 Bear, Stearns
01/10/05 27,500 59.58 Bear, Stearns
01/11/05 5,100 59.92 Bear, Stearns
01/12/05 5,800 57.66 Bear, Stearns
01/13/05 5,600 59.66 Bear, Stearns
01/14/05 34,000 60.35 Bear, Stearns
01/18/05 16,800 60.72 Bear, Stearns
01/19/05 14,900 61.20 Bear, Stearns
01/20/05 7,200 60.25 Bear, Stearns
01/21/05 4,200 60.04 Bear, Stearns
01/24/05 6,100 58.46 Bear, Stearns
01/25/05 17,000 58.40 Bear, Stearns
01/26/05 3,300 58.28 Bear, Stearns
01/27/05 5,600 57.63 Bear, Stearns
01/28/05 1,400 57.64 Bear, Stearns
01/31/05 6,300 59.02 Bear, Stearns
02/03/05 38,000 55.06 Bear, Stearns
02/04/05 82,200 53.18 Bear, Stearns
02/07/05 43,775 53.09 McDonald
02/07/05 85,400 53.12 Bear, Stearns
02/08/05 76,000 51.44 Bear, Stearns
02/09/05 28,600 52.35 Bear, Stearns
02/10/05 12,100 51.86 Bear, Stearns
02/11/05 96,706 51.70 Bear, Stearns
02/24/05 1,600 49.98 Bear, Stearns
02/25/05 8,700 51.21 Bear, Stearns
02/28/05 9,200 51.75 Bear, Stearns
03/01/05 2,300 50.85 Bear, Stearns
03/02/05 3,000 50.94 Bear, Stearns
03/03/05 1,400 51.74 Bear, Stearns
03/07/05 1,500 53.15 Bear, Stearns
03/14/05 4,500 48.95 Bear, Stearns
03/23/05 9,500 44.17 Bear, Stearns
03/31/05 5,400 46.82 Bear, Stearns
04/01/05 7,900 46.87 Bear, Stearns
04/04/05 2,000 46.54 Bear, Stearns
04/05/05 2,600 46.33 Bear, Stearns
04/15/05 30,000 42.47 Bear, Stearns
04/29/05 16,000 45.29 Bear, Stearns
05/04/05 70,200 47.16 Bear, Stearns
05/05/05 14,800 47.39 Bear, Stearns
05/11/05 2,200 46.59 Bear, Stearns
05/13/05 1,200 44.93 Bear, Stearns
05/17/05 2,500 45.82 Bear, Stearns
05/17/05 2,275 45.98 McDonald
07/06/05 2,000 51.56 Bear, Stearns
07/18/05 15,300 50.70 Bear, Stearns
08/04/05 49,600 48.55 Bear, Stearns
08/05/05 28,900 45.66 Bear, Stearns
08/08/05 4,050 45.20 Bear, Stearns
08/11/05 6,200 42.90 Bear, Stearns
12/12/05 60,000 35.80 Bear, Stearns
07/31/06 65,700 44.09 Bear, Stearns
07/31/06 400 43.83 Bear, Stearns
08/03/06 7,100 43.93 Bear, Stearns
Howard M Amster 01/25/05 8,400 58.40 Bear, Stearns
2005 Charitable 01/26/05 5,100 58.28 Bear, Stearns
Remainder Unitrust 02/11/05 30,594 51.70 Bear, Stearns
02/28/05 800 51.75 Bear, Stearns
03/18/05 4,900 45.44 Bear, Stearns
03/21/05 3,500 45.59 Bear, Stearns
03/22/05 2,300 45.63 Bear, Stearns
03/23/05 42,800 44.17 Bear, Stearns
04/07/05 2,000 47.75 Bear, Stearns
04/21/05 21,000 42.43 Bear, Stearns
05/02/05 1,400 46.06 Bear, Stearns
05/03/05 4,400 46.94 Bear, Stearns
08/08/05 200 45.20 Bear, Stearns
07/31/06 3,300 44.09 Bear, Stearns
08/01/06 700 43.61 Bear, Stearns
Amster Ltd. 01/05/05 1,100 58.86 Bear, Stearns
Partnership
Amster Trading 02/05/04 11,500 45.23 Bear, Stearns
Company 04/19/04 3,000 44.42 Bear, Stearns
02/07/05 200 53.12 Bear, Stearns
02/09/05 14,100 52.35 Bear, Stearns
02/10/05 3,600 51.86 Bear, Stearns
04/14/05 2,400 43.68 Bear, Stearns
04/26/05 2,300 43.70 Bear, Stearns
08/01/06 105,000 44.31 Bear, Stearns
08/02/06 67,800 44.24 Bear, Stearns
Amster Trading 03/24/04 9,000 47.06 Bear, Stearns
Company 03/25/04 2,300 45.63 Bear, Stearns
Charitable 04/02/04 1,000 47.50 Bear, Stearns
Remainder 04/16/04 26,100 44.65 Bear, Stearns
Unitrusts 04/19/04 8,000 44.42 Bear, Stearns
10/11/04 3,400 57.21 Bear, Stearns
10/13/04 1,400 57.54 Bear, Stearns
10/14/04 1,000 56.65 Bear, Stearns
10/15/04 1,600 56.43 Bear, Stearns
10/20/04 2,900 53.60 Bear, Stearns
10/21/04 3,400 54.14 Bear, Stearns
10/22/04 1,515 54.02 Bear, Stearns
11/09/04 25,200 60.28 Bear, Stearns
11/10/04 15,700 62.48 Bear, Stearns
11/18/04 600 63.03 Bear, Stearns
01/04/05 2,800 63.51 Bear, Stearns
01/27/05 10,000 57.63 Bear, Stearns
02/04/05 29,800 53.18 Bear, Stearns
02/07/05 77,900 53.12 Bear, Stearns
02/08/05 68,645 51.44 Bear, Stearns
02/09/05 58,900 52.35 Bear, Stearns
02/10/05 67,800 51.86 Bear, Stearns
02/11/05 32,300 51.70 Bear, Stearns
02/14/05 17,100 53.59 Bear, Stearns
02/23/05 65,100 49.59 Bear, Stearns
02/24/05 31,100 49.98 Bear, Stearns
02/25/05 33,400 51.21 Bear, Stearns
03/01/05 2,800 50.85 Bear, Stearns
03/02/05 11,500 50.94 Bear, Stearns
03/03/05 6,400 51.74 Bear, Stearns
03/04/05 4,700 53.35 Bear, Stearns
03/07/05 3,800 53.15 Bear, Stearns
03/08/05 9,700 52.62 Bear, Stearns
03/09/05 45,300 50.01 Bear, Stearns
03/10/05 24,800 49.36 Bear, Stearns
03/11/05 6,800 49.00 Bear, Stearns
03/15/05 10,600 47.81 Bear, Stearns
03/16/05 16,000 46.17 Bear, Stearns
03/17/05 17,000 46.61 Bear, Stearns
03/23/05 10,400 44.17 Bear, Stearns
03/24/05 38,200 44.53 Bear, Stearns
04/22/05 3,000 43.23 Bear, Stearns
05/12/05 26,700 44.79 Bear, Stearns
05/13/05 6,700 44.93 Bear, Stearns
05/17/05 600 45.82 Bear, Stearns
07/18/05 1,900 50.70 Bear, Stearns
08/05/05 27,100 45.66 Bear, Stearns
08/08/05 2,100 45.20 Bear, Stearns
07/31/06 24,000 44.09 Bear, Stearns
08/01/06 1,700 43.61 Bear, Stearns
Samuel J Heller 08/23/04 675 50.72 Bear, Stearns
Irrevocable Trust 01/20/05 2,000 60.12 Bear, Stearns
Pleasant Lake 02/04/05 2,300 53.18 Bear, Stearns
Apts. Ltd. 02/18/05 800 52.30 Bear, Stearns
Partnership 05/13/05 700 44.93 Bear, Stearns
08/01/06 22,200 43.61 Bear, Stearns
Ramat Securities 12/04/03 2,482 38.13 Bear, Stearns
Ltd. 03/24/04 100 47.50 Bear, Stearns
03/25/04 400 45.00 Bear, Stearns
04/02/04 500 47.25 Bear, Stearns
04/05/04 1,000 45.25 Bear, Stearns
04/12/04 500 47.50 Bear, Stearns
04/20/04 7,800 44.98 Bear, Stearns
08/18/04 5,000 48.52 Bear, Stearns
08/19/04 23,000 48.62 Bear, Stearns
08/19/04 35,700 49.02 Bear, Stearns
10/20/04 6,100 51.86 Bear, Stearns
02/03/05 3,000 56.06 Bear, Stearns
02/07/05 2,200 53.09 Bear, Stearns
02/09/05 34,500 52.54 Bear, Stearns
02/23/05 5,000 49.49 Bear, Stearns
03/02/05 2,500 51.08 Bear, Stearns
03/03/05 6,500 51.53 Bear, Stearns
03/03/05 2,000 52.26 Bear, Stearns
03/04/05 4,000 52.96 Bear, Stearns
03/07/05 1,800 53.39 Bear, Stearns
03/14/05 4,600 48.94 Bear, Stearns
03/16/05 1,500 46.08 Bear, Stearns
03/17/05 2,000 46.75 Bear, Stearns
03/23/05 2,000 44.86 Bear, Stearns
03/24/05 700 44.54 Bear, Stearns
03/28/05 500 44.67 Bear, Stearns
03/29/05 1,200 44.79 Bear, Stearns
04/06/05 218 46.52 Bear, Stearns
06/28/05 700 49.84 Bear, Stearns
08/15/05 12,000 42.14 Bear, Stearns
08/19/05 5,500 42.22 Bear, Stearns
08/23/05 6,000 42.88 Bear, Stearns
08/24/05 7,000 43.56 Bear, Stearns
08/26/05 2,000 43.03 Bear, Stearns
09/09/05 1,500 43.03 Bear, Stearns
09/14/05 9,000 43.42 Bear, Stearns
09/20/05 38,000 41.37 Bear, Stearns
09/20/05 7,000 41.99 Bear, Stearns
12/12/05 25,000 35.80 Bear, Stearns
Tova Financial, Inc. 08/03/06 3,100 43.84 Bear, Stearns
Tova Financial, Inc. 01/19/05 4,000 60.75 Bear, Stearns
Charitable Remainder 01/20/05 1,000 60.35 Bear, Stearns
Unitrust 04/15/05 106 42.50 Bear, Stearns
05/11/05 135 45.96 Bear, Stearns
ZAK Group LLC 08/25/04 800 53.71 Bear, Stearns
10/29/04 600 55.21 Bear, Stearns
11/01/04 300 55.73 Bear, Stearns
02/25/05 400 51.32 Bear, Stearns
David Zlatin 10/29/04 300 55.21 Bear, Stearns
in his various 11/02/04 310 56.55 Bear, Stearns
individual & K 11/05/04 60 59.11 Bear, Stearns
retirement accounts 11/22/04 56 60.97 Bear, Stearns
01/12/05 148 57.71 Bear, Stearns
02/09/05 297 51.90 Bear, Stearns
04/15/05 130 42.50 Bear, Stearns
05/11/05 17 45.96 Bear, Stearns
07/15/05 33 52.35 Bear, Stearns
Gilda Zlatin 11/05/04 58 59.11 Bear, Stearns
in her individual 11/22/04 40 60.97 Bear, Stearns
retirement account 02/09/05 145 51.90 Bear, Stearns
04/15/05 38 42.50 Bear, Stearns
07/15/05 33 52.35 Bear, Stearns
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
with respect to securities of the Issuer with any person except as set
forth in items 2, 3, 5 above.
Item 7. Material to be filed as exhibits.
None
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: August 7, 2006
/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/
Pleasant Lake Apts. Corp.
By: Howard Amster
Title: President
/s/
Pleasant Lake Apts. Ltd. Partnership
By: Pleasant Lake Apts. Corp., Howard Amster, President
Title: Its General Partner
/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/
Gilda Zlatin