$3.3 billion off slightly from March
By MortgageDaily.com staff
5/10/2004

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.

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