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Non-Tech : Bill Wexler's Trading Cabana

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To: RockyBalboa who wrote (1610)12/8/2006 7:33:50 AM
From: RockyBalboa  Read Replies (1) of 6370
 
Hmm...

6:56AM New Century REIT announces that Nov 2006 total mortgage loan production was $4.5 bln, an 11.8% decline YoY (NEW) 35.71 : Co announces that Nov 2006 total mortgage loan production was $4.5 bln, representing a 11.8% decline compared with Nov 2005 and a 10.0% decline compared with October 2006. Additionally, the weighted average coupon for the co's non-prime loan production was 8.3 percent in November 2006. "The decline in our loan production volume in November was in line with our expectations, particularly in light of overall mortgage market declines this quarter."
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