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Home > Company Index > Financial Services > Mortgage Banking & Related Services > New Century Financial Corporation

New Century Financial Corporation
Nasdaq: NCEN
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 NEWS FROM THE WIRES
New Century files for secondary share offering
Jul 30 2001 04:14 AM PDT

New Century reports profit, reversing year-ago loss
Jul 20 2001 04:30 AM PDT

More WIRE STORIES about this company

 PROFILE
It's a new century for everyone, even for those with bad credit. New Century Financial Corporation provides sub-prime mortgage loans primarily for single family residences. The company's wholesale division buys loans from independent brokers, while its retail division (about 30% of sales) markets loans directly to individuals. New Century sells many of its mortgages in pools of loans rather than securitizing them. The company sells its pooled loans to institutional buyers such as Deutsche Bank, Countrywide Credit, and Household International. About one-third of the company's loan volume comes from California. U.S. Bancorp owns about 25% of New Century.

 COMPETITION
Aames Financial Corporation (AAM)
Countrywide Credit Industries, Inc. (CCR)
Life Financial Corporation (LFCO)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 163.90
1-Yr. Sales Growth: (30.0)%
Employees: 1,511
Revenue per employee: $108,471.21

 KEY PEOPLE
• Robert K. Cole
    CEO
• Edward F. Gotschall
    CFO

 CONTACT INFO
18400 Von Karman, Ste. 1000
Irvine, CA 92612
US
Phone: 949-440-7030
Fax: 949-440-7033
Online: Web Site

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