| New Century Reports April Production
$3.3 billion off slightly from March May 10, 2004 By MortgageDaily.com staff |
| Monthly loan volume slipped for New Century Financial Corp.
The Irvine, Calif.-based mortgage lender reported it funded $3.3 billion in mortgage loans during April, down slightly from the previous month’s $3.4 billion. However, the volume is 74% greater than it was a year ago. “These solid results keep us on track to reach our recently increased 2004 production target of $36 billion,” company CEO Robert Cole said in the announcement. The financial thrift’s previous target was $30 billion. |
