| New Century Fundings Soar
$4.2 billion May production June 7, 2004 By MortgageDaily.com staff |
| Month-over-month mortgage production jumped 27% at New Century Financial Corp.
The Irvine, Calif.-based finance company reported its fundings last month totaled $4.2 billion, rising from April’s $3.3 billion. The latest volume is a whopping 121% above the total at this time last year. “We believe our pipeline for June is strong and combined with April and May’s loan production volume sets the pace for a strong second quarter,” said company CEO Robert Cole in a statement. Cole added that the company can possibly exceed its 2004 loan production goal of $36 billion, which it augmented last month from $30 billion. |
