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Get to know New Century Financial

Founded in 1995, New Century Financial Corporation grew to become the second-largest originator of subprime mortgages in the United States. Operating as a real estate investment trust (REIT), its primary business model involved originating high-risk home loans to borrowers with poor credit histories and then bundling these loans into mortgage-backed securities to sell to investors. The company's rapid growth was fueled by the housing boom, but it suffered catastrophic losses when the housing market cooled and default rates soared. In April 2007, New Century filed for Chapter 11 bankruptcy, an event that is widely considered a major catalyst and early warning sign of the 2008 global financial crisis.

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New Century Financial

United States

Founded in

1985 (41 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.