IN THE UNTITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

IN RE:

Chapter 11

NEW CENTURY TRS HOLDINGS, INC., et

al., a Delaware Corporation,
Debtors.

Case No. 07-10416(KJC)

OFFICE OF THE UNITED STATES TRUSTEE REGION 3

POST-CONFIRMATION QUARTERLY SUMMARY REPORT
OF THE NEW CENTURY LIQUIDATING TRUST
FOR THE QUARTER ENDING ON JUNE 30, 2011

Dated: July 22, 2011

BLANK ROME LLP
By:

/s/ Alan M. Root

David W. Carickhoff (No. 3715)
Alan M. Root (No. 5427)
1201 Market Street, Suite 800
Wilmington, Delaware 19801
(302) 425-6400 Telephone
(302) 425-6464 Facsimile
-andHAHN &HESSEN LLP
488 Madison Avenue
New York, New York 10022
(212) 478-7200 Telephone
(212) 478-7400 Facsimile
Attn: Mark S. Indelicato, Esq.
Janine M. Cerbone, Esq.
Nicholas C. Rigano, Esq.
Co-Counsel to the New Century
Liquidating Trust

871230/002-2540148.1

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3

POST-CONFIRMATION QUARTERLY SUMMARY REPORT
In re:
NEW CENTURY TRS HOLDINGS,
INC., a Delaware Corporation, et al.,

Chapter 11
Case No. 07-10416 (KJC)

Debtors.

Jointly Administered

Bank: The Bank of New York Mellon

Union Bank
Wilmington Trust
Plan Effective Date: August 1, 2008

Reporting Period: 8/1/2008 (inception)

through 6/30/2011

Note: This Report of the New Century Liquidating Trust (i) reflects asset recoveries on a cash basis only, (ii) does not reflect any prospective recoveries for any remaining unliquidated assets, which are uncertain and have a
material variance between possible low and high recovery prospects, (iii) does not include accrual of future administration costs accounted for on a cash basis, (iv) does not separately identify debtor groups' and net litigation
recovery cash balances, (v) does not identify allowed and projected allowed claims in the aggregate, by class or by separate debtor group, and (vi) does not provide projections of future distributions in the aggregate, by class
or by separate debtor group.
8/1/08 (Plan
effective date)
through 12/31/10
Beginning Balance
All Trust Receipts:
Refund of Cash Collateral by Bond Safeguard
Tax Refunds
Insurance Refunds
Life Insurance Proceeds from DCP
Asset Sale Proceeds
Healthcare Insurance Settlement Proceeds
Medical Refunds
Deposit Refunds
Deferred Comp Professional Fee Reimbursement
Repayment of T&I Amount by CSFB
Professional Fees Refund
Interest
SPI Settlement
Carrington Recoveries
Deferred Comp Funds Transferred from Wells Fargo
Deferred Comp Funds Upon 9019 Approval
Gross Preference Recovery
D&O Settlement Recovery
Other Cause of Action Settlement Proceeds
Net Proceeds from foreclosed mortgage loans (Carrington)
Released proceeds from Access Lending
Deutsche Bank Settlement
Other
Total of Cash Received
Total of Cash Available

1/1/11
through
3/31/11

86,598,767.46

2,002,643.99
1,159,156.91
1,420,940.05
1,203,097.05
309,860.00
160,000.00
189,274.83
429,416.09
481,402.85
1,566,002.71
671,917.62
908,949.52
474,005.87
2,218,308.12
6,704,474.59
35,911,975.15
8,000,429.51
20,932,322.28
52,622,586.59
2,972,720.10
1,810,607.44
3,143,143.64
565,868.64

4/1/11
through
6/30/11

51,637,773.49
331.39
323.19
14,190.91
1,149,673.72
793,551.15
17,826.09

8/1/08 (Plan
effective date)
through 6/30/11

50,995,432.78

86,598,767.46

8,010.87
8,744.92
13,506.42

2,002,643.99
1,159,156.91
1,421,271.44
1,203,097.05
309,860.00
160,000.00
189,598.02
429,416.09
481,402.85
1,566,002.71
671,917.62
931,151.30
474,005.87
3,367,981.84
6,704,474.59
35,911,975.15
8,802,725.58
20,932,322.28
52,622,586.59
2,972,720.10
1,810,607.44
3,143,143.64
597,201.15

145,859,103.55

1,975,896.45

30,262.21

147,865,262.21

232,457,871.01

53,613,669.94

51,025,694.99

234,464,029.67

Page1of3

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3

POST-CONFIRMATION QUARTERLY SUMMARY REPORT
In re:
NEW CENTURY TRS HOLDINGS,
INC., a Delaware Corporation, et al.,

Chapter 11
Case No. 07-10416 (KJC)

Debtors.

Jointly Administered

Bank: The Bank of New York Mellon

Union Bank
Wilmington Trust
Plan Effective Date: August 1, 2008

Reporting Period: 8/1/2008 (inception)

through 6/30/2011
8/1/08 (Plan
effective date)
through 12/31/10

1/1/11
through
3/31/11

4/1/11
through
6/30/11

Distribution Activity
Distributions to Secured, Administrative, Priority Claims
Distributions to General Unsecured Creditor Claims
Total Distribution Activity

(4,119,027.02)
(75,746,614.13)
(79,865,641.15)

(41,531.83)
(475,840.87)
(517,372.70)

Disbursements Related to Pre-Effective Date Activity

WARN Settlement
SPI Settlement
DCP Settlement
Settlement of Litigation
Pre-Effective Date Operating Expenses
Chapter 11 Professional Fees and Expenses
Payment of Cure Claim to DBNTC
Pre-Effective Date Administrative Expense Payment Drafts
Insurance LOC Drawdown
Payment of Wilmington Trustee Fees
Total Pre-Effective Date Disbursements

(2,605,531.80)
(1,838,472.59)
(21,110,000.55)
(140,000.00)
(333,568.50)
(16,361,116.78)
(3,500,000.00)
(420,473.27)
(753,854.75)
(57,755.62)
(47,120,773.86)

(112,494.46)
(112,494.46)

(767,507.69)
(4,881,124.88)
(146,433.33)
(3,100,466.52)
(8,895,532.42)

(349,687.07)
(34,550.00)
(231,373.97)
(615,611.04)

Disbursements Related to Post-Effective Date Activity

Trust Insurance Requirements / Surety Bond
Payroll and Payroll Related
US Trustee Fees
Other Trust Operating Expenses
Subtotal Trust Administrative Expenses

8/1/08 (Plan
effective date)
through 6/30/11

(427,009.59)
(12,853,267.22)
(13,280,276.81)

(4,587,568.44)
(89,075,722.22)
(93,663,290.66)

(2,605,531.80)
(1,838,472.59)
(21,110,000.55)
(140,000.00)
(333,568.50)
(16,361,116.78)
(3,500,000.00)
(420,473.27)
(866,349.21)
(57,755.62)
(47,233,268.32)

(1,575.48)
(373,612.73)
(14,300.00)
(351,339.20)
(740,827.41)

(769,083.17)
(5,604,424.68)
(195,283.33)
(3,683,179.69)
(10,251,970.87)

Trust Professional Fees

(44,938,150.09)

(1,372,758.96)

(1,719,012.98)

(48,029,922.03)

Total Disbursements

(180,820,097.52)

(2,618,237.16)

(15,740,117.20)

(199,178,451.88)

Ending Balance

51,637,773.49

Page2of3

50,995,432.78

35,285,577.79

35,285,577.79