New Century Financial Corp., Irvine, Calif., has received a "#1 Strong Buy" rating from Zacks.com, Chicago.The subprime lender has forward commitments totaling $3.5 billion for the fourth quarter, most of it to previous buyers of its product. "Analysts seem satisfied as well, with this year's estimates rising slightly over the past several months, but next year's improving by approximately 30 cents in just the past seven days," Zacks said. "This vote of confidence from its investors, along with a good track record of meeting or exceeding earnings estimates, suggests that an investment in NCEN may be just as good as taking out a second mortgage."
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