Document:

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                                                               EXHIBIT 10.105(b)

                              AMENDMENT NUMBER TWO
                                     to the
         Second Amended and Restated Master Loan and Security Agreement
                            dated as of June 27, 2005
                                  by and among
                        NEW CENTURY MORTGAGE CORPORATION
                             NC CAPITAL CORPORATION
                        NEW CENTURY FINANCIAL CORPORATION
                                       and
                      CITIGROUP GLOBAL MARKETS REALTY CORP.

                This AMENDMENT NUMBER TWO (this "Amendment Number Two") is made
this 27th day of February, 2006, among NEW CENTURY MORTGAGE CORPORATION, having
an address at 18400 Von Karman, Suite 1000, Irvine, California 92612 ("NC
Mortgage"), NC CAPITAL CORPORATION, having an address at 18400 Von Karman, Suite
1000, Irvine, California 92612 ("NC Capital"), NEW CENTURY FINANCIAL
CORPORATION, having an address at 18400 Von Karman, Suite 1000, Irvine,
California 92612 ("NC Financial") and CITIGROUP GLOBAL MARKETS REALTY CORP.,
having an address at 390 Greenwich Street, New York, New York 10013
("Citigroup") to the SECOND AMENDED & RESTATED MASTER LOAN AND SECURITY
AGREEMENT, dated as of June 27, 2005, among NC Mortgage, NC Capital, NC
Financial and Citigroup, as amended (the "Agreement").

                                    RECITALS

                WHEREAS, the parties have agreed to amend the Agreement to
temporarily increase Maximum Credit as more expressly set forth below.

                WHEREAS, as of the date of this Amendment Number Two, each of NC
Mortgage, NC Capital and NC Financial represents to Citigroup that it is in
compliance with all of the representations and warranties and all of the
affirmative and negative covenants set forth in the Agreement and the Loan
Documents.

                NOW THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, and of the mutual covenants
herein contained, the parties hereto hereby agree as follows:

                SECTION 1. Effective as of February 27, 2006, the Agreement
shall be amended as follows:

                (a) Section 1.01 of the Agreement shall be amended by deleting
the definition of Maximum Credit in its entirety and replacing it with the
following:

                "Maximum Credit" shall mean, from the period beginning with
                February 27, 2006 to and including March 31, 2006, $250,000,000,
                and thereafter, $150,000,000.

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                (b) Exhibit A of the Agreement shall be amended by deleting it
in its entirety and replacing it with Annex I attached hereto.

                SECTION 2. Fees and Expenses. NC Capital agrees to pay to
Citigroup all fees and out of pocket expenses incurred by Citigroup in
connection with this Amendment Number Two (including all reasonable fees and out
of pocket costs and expenses of Citigroup's legal counsel incurred in connection
with this Amendment Number Two), in accordance with Section 11.03(b) of the
Agreement.

                SECTION 3. Defined Terms. Any terms capitalized but not
otherwise defined herein shall have the respective meanings set forth in the
Agreement.

                SECTION 4. Representations. In order to induce Citigroup to
execute and deliver this Amendment Number Two, NC Capital, NC Mortgage and NC
Financial hereby represent to Citigroup that as of the date hereof, after giving
effect to this Amendment Number Two, each of NC Capital, NC Mortgage and NC
Financial is in full compliance with all of the terms and conditions of the
Agreement and no Event of Default or material adverse change has occurred under
the Agreement.

                SECTION 5. Limited Effect. This Amendment Number Two shall
become effective upon the execution hereof by the parties hereto. Except as
expressly amended and modified by this Amendment Number Two, the Agreement shall
continue in full force and effect in accordance with its terms. Reference to
this Amendment Number Two need not be made in the Agreement or any other
instrument or document executed in connection therewith, or in any certificate,
letter or communication issued or made pursuant to, or with respect to, the
Agreement, any reference in any of such items to the Agreement being sufficient
to refer to the Agreement as amended hereby.

                SECTION 6. GOVERNING LAW. THIS AMENDMENT NUMBER TWO SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE
OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO CONFLICT OF LAWS DOCTRINE APPLIED
IN SUCH STATE (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW).

                SECTION 7. Counterparts. This Amendment Number Two may be
executed by each of the parties hereto on any number of separate counterparts,
each of which shall be an original and all of which taken together shall
constitute one and the same instrument.

                            [SIGNATURE PAGE FOLLOWS]

                                      -2-
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                IN WITNESS WHEREOF, Citigroup, NC Capital, NC Mortgage and NC
Financial have caused this Amendment Number Two to be executed and delivered by
their duly authorized officers as of the day and year first above written.

                                        CITIGROUP GLOBAL MARKETS REALTY CORP.

                                        By:    /s/ Bobbie Theivakumaran
                                               ---------------------------------
                                        Name:  Bobbie Theivakumaran
                                               ---------------------------------
                                        Title: Authorized Agent
                                               ---------------------------------

                                        NC CAPITAL CORPORATION

                                        By:    /s/ Kevin Cloyd
                                               ---------------------------------
                                        Name:  Kevin Cloyd
                                               ---------------------------------
                                        Title: President
                                               ---------------------------------

                                        NEW CENTURY MORTGAGE CORPORATION

                                        By:    /s/ Kevin Cloyd
                                               ---------------------------------
                                        Name:  Kevin Cloyd
                                               ---------------------------------
                                        Title: Executive Vice President
                                               ---------------------------------

                                        NEW CENTURY FINANCIAL CORPORATION

                                        By:    /s/ Kevin Cloyd
                                               ---------------------------------
                                        Name:  Kevin Cloyd
                                               ---------------------------------
                                        Title: Executive Vice President
                                               ---------------------------------<PAGE>

                                                               EXHIBIT 10.108(b)

                                 AMENDMENT NO. 2
                                       TO
                AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT

        THIS AMENDMENT NO. 2, made as of November 28, 2005 ("Amendment No. 2"),
by and among BEAR STEARNS MORTGAGE CAPITAL CORPORATION (the "Buyer") and NC
CAPITAL CORPORATION ("NC Capital"), NC RESIDUAL II CORPORATION ("NC Residual"),
HOME123 CORPORATION ("Home123") and NEW CENTURY CREDIT CORPORATION ("New
Century" and, together with NC Capital, NC Residual and Home123, each a "Seller"
and, collectively, the "Sellers").

                                 R E C I T A L S

        WHEREAS, Buyer and Sellers have previously entered into an Amended and
Restated Master Repurchase Agreement, dated as of August 18, 2005 (the
"Repurchase Agreement"), as amended by Amendment No. 1, dated as of October 28,
2005 ("Amendment No. 1" and, together with the Repurchase Agreement, the
"Agreement"); and

        WHEREAS, Buyer, NC Capital, NC Residual, New Century and Home123 desire
that Home123 be added as a Seller under the Agreement to be jointly and
severally liable with NC Capital, NC Residual and New Century for all
obligations of any Seller; and

        WHEREAS, Buyer and Sellers desire to make certain further modifications
to the Agreement as described herein;

        NOW, THEREFORE, in consideration of the mutual promises and covenants
hereinafter set forth, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

        Section 1. Definitions.

        (a)     Capitalized terms used herein and not otherwise defined shall
                have the meanings assigned in the Agreement. Capitalized terms
                used in the Agreement whose definitions are modified in this
                Amendment No. 2 shall, for all purposes of the Agreement, be
                deemed to have such modified definitions.

        Section 2. Initiation; Request/Confirmation; Termination; Transactions
Optional. Section 3(h) of the Agreement is hereby deleted in its entirety and is
replaced by the following:

        "(h) Any provision hereof to the contrary notwithstanding, Transactions
        entered into hereunder shall be at the sole discretion of Buyer. Buyer
        is not required to enter into any Transaction, and Buyer may, in its
        sole discretion, reject for inclusion in any Transaction any Eligible
        Loan offered for sale hereunder by Seller."

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        Section 3. Representations, Warranties and Covenants.

        (a)     Section 10(e), subparagraph (viii) of the Agreement is hereby
                modified by deleting the term ten (10) days and replacing it
                with fourteen (14) days.

        (b)     Section 10(e), subparagraph (xviii) of the Agreement is hereby
                modified by deleting the term one hundred million dollars
                ($100,000,000) and replacing it with four hundred million
                dollars ($400,000,000).

        Section 4. Agreement and Joinder. Home123 hereby agrees to all of the
provisions of the Agreement as amended hereby and, effective on the date hereof,
becomes a party to the Agreement as amended hereby, as a Seller, with the same
effect as if Home123 were an original signatory to the Agreement (as
subsequently amended hereby).

        Section 5. Non-assignability; Termination. Section 22(b) of the
Agreement is hereby deleted in its entirety and is replaced by the following:

        "(b) This Agreement and all Transactions outstanding hereunder shall
terminate upon thirty (30) days prior written notice by Buyer to Seller;
provided, however, that, if the Agreement has not been terminated earlier
pursuant to this Section 22(b), it will terminate automatically without any
requirement for notice on November 28, 2006; and provided further, however, that
this Agreement and any Transaction outstanding hereunder may be extended by
mutual agreement of Buyer and Seller; and provided further, however, that no
such party shall be obligated to agree to such an extension.

        Section 6. References to Seller. All references to Seller in the
Agreement, as amended hereby, are hereby amended to mean the Sellers, jointly
and severally, unless the context clearly requires otherwise.

        Section 7. Expenses. Sellers shall pay on demand all fees and expenses
(including, without limitation, the fees and expenses for legal services of any
kind whatsoever) incurred by Buyer in connection with this Amendment No. 2. The
obligation of Sellers to pay such fees and expenses incurred prior to, or in
connection with, the termination of the Agreement, as amended by this Amendment
No. 2, shall survive such termination.

        Section 8. Governing Law. This Amendment No. 2 shall be governed and
construed in accordance with the laws of the State of New York applicable to
agreements made and entirely performed therein.

        Section 9. Interpretation. The provisions of the Agreement shall be read
so as to give effect to the provisions of this Amendment No. 2.

        Section 10. Counterparts. This Amendment No. 2 may be executed in any
number of counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the same
instrument.

                                       2
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        Section 11. Ratification and Confirmation. As amended by this Amendment
No. 2, the Agreement is hereby in all respects ratified and confirmed, and the
Agreement, as amended by this Amendment No. 2, shall be read, taken and
construed as one and the same instrument.

        IN WITNESS WHEREOF, Buyer and Sellers have caused their names to be
signed hereto by their respective officers thereunto duly authorized, all as of
the date first above written.

                                        BEAR STEARNS MORTGAGE CAPITAL
                                           CORPORATION, as Buyer

                                        By:  /s/ Timothy Green
                                             -----------------------------------
                                        Title:  Senior Vice President
                                                --------------------------------
                                        Date:  11-28-05
                                               ---------------------------------

                                        NC CAPITAL CORPORATION, as Seller

                                        By:  /s/ Kevin Cloyd
                                             -----------------------------------
                                        Title:  President
                                                --------------------------------
                                        Date:  11-28-05
                                               ---------------------------------

                                        NC RESIDUAL II CORPORATION,
                                           as Seller

                                        By:  /s/ Kevin Cloyd
                                             -----------------------------------
                                        Title:  Executive Vice President
                                                --------------------------------
                                        Date:  11-28-05
                                               ---------------------------------

                                        NEW CENTURY CREDIT CORPORATION,
                                           as Seller

                                        By:  /s/ Kevin Cloyd
                                             -----------------------------------
                                        Title:  Executive Vice President
                                                --------------------------------
                                        Date:  11-28-05
                                               ---------------------------------

                                        HOME123 CORPORATION,  as Seller

                                        By:  /s/ Patti M. Dodge
                                            ------------------------------------
                                        Title:  CFO and Treasurer
                                                --------------------------------
                                        Date:  11-28-05
                                               ---------------------------------

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