Nonprime lender New Century Financial Corp. has been added to the Russell 1000 Index, which includes the largest 1,000 securities in the Russell 3000 Index.New Century was previously a member of both the Russell 2000 Index and the Russell 3000 Index. "We are very pleased to become a member of the Russell 1000 Index as this accomplishment reflects our strong performance, continued growth and focus on increasing stockholder value," said Robert K. Cole, New Century's chairman and chief executive officer. "Additionally, we believe that being a member of this large-cap index will increase our visibility to the investment community," he said. New Century can be found online at http://www.ncen.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




