YTD volume up significantly
By MortgageDaily.com staff
12/10/2002

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.

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