| Production Falls at New Century
YTD volume up significantly December 10, 2002 By MortgageDaily.com staff |
| New Century Financial Corporation reported a decrease in mortgage loan volume during November.
The residential mortgage loan company produced about $1.30 billion in loans last month, a step down from the $1.43 billion in loans produced during October. The November figure, however, is a 135% increase from the $553 million originated during the same time last year, New Century reported. Year-to-date (YTD), the company has produced $12.45 billion in loans, compared with $5.48 YTD at the same time last year. Near Tuesday midday, New Century shares were up $0.46 at $22.10, according to CBSMarketWatch.com. |
