New Century Financial (NEW)
New Century Financial Corporation (NEW) operates as a real estate investment trust in the United States. It originates and purchases mortgage loans through two divisions, Wholesale and Retail. The Wholesale division provides loans through a network of independent mortgage brokers and correspondent lenders. It also originates mortgage loans through its FastQual Website at www.newcentury.com, where a broker uploads a loan request. This stock is in the middle of its 52 week range and has a dividend of 15%. I believe the rate hike today will spur a panic buying cycle in the housing market, directly affecting the profitability of this company. This stock is a good short term play.
posted by Stock Administrator @ 2:27 PM
0 Comments:
Post a Comment
<< Home