| Volume Off at New Century, But Up From 2003
$3.6 billion July production August 9, 2004 By MortgageDaily.com staff |
| While monthly production fell at New Century Financial Corp., the company remains positive it will achieve its goal volumes for the remaining half of the year.
July volume of $3.6 billion decreased from the previous month’s record of $4.9 billion, the nonprime mortgage lender announced. Production is higher, however, than last July’s total of $2.2 billion. Despite the monthly decline, CEO Robert Cole said, in a written statement, that the company was “pleased” with July’s production as it kept it on track to meet its $10 billion to $12 billion third quarter volume goal, as well as its $40 billion objective for the year.” |
