New Century Mortgage – Loans for Today’s Economy

No one would dispute the statement that the face of lending has changed dramatically over the past half-century. Today's lenders have to be able and willing to compete for customers, and for the loyalty of those customers. It's truly a new market and New Century Mortgage is offering the products and services designed with today's borrower in mind.

New Century Mortgage was founded in 1995. The company and its subsidiaries - New Century Financial Corporation and Home 123 Corporation - have originated more than $70,000 in loans and are publicly traded on the New York Stock Exchange as NEW.

The company is a real estate investment trust (REIT), a change that occurred in 2004. New Century Mortgage and its subsidiaries offer an array of home mortgage products and services. Whether you're planning to buy a home and need your first mortgage, need a second mortgage to make your dream home a reality, or you're looking to refinance an existing mortgage, you're very likely to find exactly the loan and the terms you need from New Century Mortgage. And with more than 7,000 employees manning more than 200 sales offices in well over half the states in the United States, you'll have the security of dealing with a reputable, well-established company.

According to New Century Mortgage's mission statement, the goal of the company is to provide the best possible loan terms to every borrower. That means that you never have to worry that you could have gotten a better deal if you'd only known what to ask for. New Century Mortgage is dedicated to making the best offer for which you qualify. The company also touts its ability to streamline the loan application process and to shorten the time for approval.

One of the selling points of New Century Mortgage is their commitment to provide credit opportunities for those customers who don't qualify for many traditional lending programs. Less-than-perfect credit, self-employed customers, and those who have high debt-to-income ratios are invited to apply for a loan from New Century Mortgage. If you think this isn't important, just consider the person who is self-employed. It's typically difficult to produce the traditional documentation to prove income, solvency and even reliability. New Century Mortgage has a loan program especially geared to those people who have faced these issues when applying for a traditional loan.

Loans are available from New Century Mortgage for a variety of purposes. You can take out a traditional mortgage, or refinance to lower payments. Whatever your reasons for seeking a loan, take a minute to consider the services offered by New Century Mortgage.

Recently, the company announced plans to purchase Access Lending Corporation, a private lending company in Sugar Land, Texas. The purchase will expand New Century's list of services to include wholesale lending.

New Century Mortgage reported earnings of $8 per share during 2005, including the fourth quarter dividends of $1.70.