EXHIBIT 23.1

                  Consent of Independent Auditors

The Board of Directors
New Century Financial Corporation


We consent to incorporation by reference in the registration
statement on Form S-8 of New Century Financial Corporation of
our report dated February 2, 2000, except as to notes 8 and
22 in the consolidated financial statements, which are as of
March 28, 2000, with respect to the consolidated balance sheets
of New Century Financial Corporation and subsidiaries as of
December 31, 1999 and 1998, and the related consolidated
statements of earnings, changes in stockholders' equity and
cash flows for each of the years in the three-year period ended
December 31, 1999, which report appears in the December 31,
1999, annual report on Form 10-K/A of New Century Financial
Corporation.

                                   /s/ KPMG LLP

Orange County, California
February 28, 2001