 |
|
 |
 |

Home > Company Index > Financial Services > Mortgage Banking & Related Services > New Century Financial Corporation
 |
New Century Financial Corporation |
 |
 |
 |
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 |
 |
FURTHER ANALYSIS
Advanced Charting
Deals
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
|
 |
 |
 |
|
Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
|

|
 |
 |
|
 |