New Century Financial Corp., a real estate investment trust based in Irvine, Calif., has announced that Patrick J. Flanagan, executive vice president of the REIT and president of New Century Mortgage Corp., will take a personal leave of up to six months and then serve as a consultant to the company.Brad A. Morrice, vice chairman, president, and chief operating officer of New Century Financial and chief executive officer of New Century Mortgage, will assume Mr. Flanagan's responsibilities, the REIT reported. Mr. Flanagan joined New Century Mortgage in 1996 as regional vice president of Midwest wholesale and retail operations. The company can be found online at http://www.ncen.com.
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