Joseph F. Eckroth has been named executive vice president of New Century Financial Corp., a real estate investment trust based in Irvine, Calif., and chief operating officer of its subsidiary, New Century Mortgage Corp.Mr. Eckroth was most recently senior vice president and chief information officer of the parent company. He was previously CIO of Mattel Inc. and two divisions of General Electric Co. New Century said Mr. Eckroth will lead its mortgage subsidiary as it seeks to become one of the industry's lowest-cost producers. The parent company can be found on the Web at http://www.ncen.com.
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An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
54m ago -
The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
54m ago -
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21 -
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
April 21 -
More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
April 21 -
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
April 21








