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Home » Store » News » New Century Begins the New Year by Entering into The Warehouse Market, Buys Access Lending Corp.

New Century Begins the New Year by Entering into The Warehouse Market, Buys Access Lending Corp.

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Mortgage brokers hoping to become mortgage bankers have a new lender to work with. Subprime mortgage stalwart New Century recently announced its intention to enter the warehouse lending market with the purchase of a private warehouse lender supported by a partnership with an IT solutions provider for correspondents. New Century Warehouse Corporation, a subsidiary of New Century Financial, is buying certain assets of Access Lending Corp., a privately held specialty finance company that provides warehouse…
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