New Century Mortgage Corporation

Industry:	Banking
Revenues:	$2.4 Billion
Employees:	7,200

Description

New Century Financial Corporation is a leading nationwide specialty mortgage banking company that, through its subsidiaries, originates, purchases and sells residential mortgage loans secured primarily by first mortgages on single-family residences.

Products & Services

mortgage loans, specialty finance, home mortgages, mortgage banking, non-prime mortgage lending

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Site Rank:	613,595
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News Archive

13 charged in $100 million mortgage fraud in NYC AP Online; 7/8/2009 ...banks, the property sellers, and the investors were left empty-handed. Cheated banks and lenders included New Century Mortgage Corp., which lost $32.2 million; Countrywide Home Loans Inc., taken for $7.9 million; and Washington... ...more

Alexandria man admits diverting mortgage payments.(NEWS) Star Tribune (Minneapolis, MN); 10/22/2009 ...2.2 million, were approved for 13 Minnesota properties. In one instance, $81,460.05 was wired from New Century Mortgage Corp. to First Advantage Title. Beaumia then worked with a First Advantage closing agent to conceal the payments... ...more