New Century Financial Corp., Irvine, Calif., has increased its warehouse funding capabilities by $750 million to a total of $4.5 billion from five providers.The line of credit from Morgan Stanley Mortgage Capital Inc. increased from $900 million to $1.3 billion, and there was a $250 million increase in the facility from UBS Warburg Real Estate Securities Inc., making that line $1.0 billion, New Century said. In addition, a $100 million increase in the line from CDC Mortgage Capital Inc. brings that facility up to $570 million. Lines of $850 million from Salomon Brothers Realty Corp. and $750 million from Bank of America remain unchanged.
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