NYSE Suspends Trading New Century Financial Corporation's Securities

Mar 13, 2007, 01:00 ET from New Century Financial Corporation

    IRVINE, Calif., March 13 /PRNewswire-FirstCall/ -- New Century
 Financial Corporation (NYSE:   NEW), a mortgage real estate investment trust
 (REIT), today announced that the New York Stock Exchange (NYSE) has
 determined that its common stock (NEW), its 9.125% Series A Cumulative
 Redeemable Preferred Stock (NEW Pr A) and its 9.75% Series B Cumulative
 Redeemable Preferred Stock (NEW Pr B) are no longer suitable for continued
 listing on the NYSE and will be suspended immediately. The NYSE made this
 decision based upon the company's recent filings with the Securities and
 Exchange Commission (SEC) regarding the uncertainty of its current
 liquidity position.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20061012/LATH070LOGO)
     Following suspension, the company's securities will be quoted on the
 Pink Sheets under the following ticker symbols:
     -  Common Stock - NEWC
     -  9.125% Series A Cumulative Redeemable Preferred Stock - NEWCP
     -  9.75% Series B Cumulative Redeemable Preferred Stock - NEWCO
     New Century has a right to a review of this determination by a
 Committee of the Board of Directors of the NYSE. Application to the SEC to
 delist the issue is pending the completion of applicable procedures,
 including any appeal by the company of the NYSE staff's decision.
     E-mail Alerts
     To receive e-mail alerts notifying you of the publication of the
 company's monthly loan production data on its Web site and to receive
 future press releases, send an e-mail request to ir@ncen.com. Please note
 that individuals already on the company's e-mail distribution list do not
 need to submit a separate request.
     About New Century Financial Corporation
     Founded in 1995 and headquartered in Irvine, California, New Century
 Financial Corporation is a mortgage real estate investment trust, providing
 mortgage products to borrowers nationwide through its operating
 subsidiaries, New Century Mortgage Corporation and Home123 Corporation. The
 company offers a broad range of mortgage products designed to meet the
 needs of all borrowers. New Century is committed to serving the communities
 in which it operates with fair and responsible lending practices. To find
 out more about New Century, please visit www.ncen.com.
 
 

SOURCE New Century Financial Corporation
    IRVINE, Calif., March 13 /PRNewswire-FirstCall/ -- New Century
 Financial Corporation (NYSE:   NEW), a mortgage real estate investment trust
 (REIT), today announced that the New York Stock Exchange (NYSE) has
 determined that its common stock (NEW), its 9.125% Series A Cumulative
 Redeemable Preferred Stock (NEW Pr A) and its 9.75% Series B Cumulative
 Redeemable Preferred Stock (NEW Pr B) are no longer suitable for continued
 listing on the NYSE and will be suspended immediately. The NYSE made this
 decision based upon the company's recent filings with the Securities and
 Exchange Commission (SEC) regarding the uncertainty of its current
 liquidity position.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20061012/LATH070LOGO)
     Following suspension, the company's securities will be quoted on the
 Pink Sheets under the following ticker symbols:
     -  Common Stock - NEWC
     -  9.125% Series A Cumulative Redeemable Preferred Stock - NEWCP
     -  9.75% Series B Cumulative Redeemable Preferred Stock - NEWCO
     New Century has a right to a review of this determination by a
 Committee of the Board of Directors of the NYSE. Application to the SEC to
 delist the issue is pending the completion of applicable procedures,
 including any appeal by the company of the NYSE staff's decision.
     E-mail Alerts
     To receive e-mail alerts notifying you of the publication of the
 company's monthly loan production data on its Web site and to receive
 future press releases, send an e-mail request to ir@ncen.com. Please note
 that individuals already on the company's e-mail distribution list do not
 need to submit a separate request.
     About New Century Financial Corporation
     Founded in 1995 and headquartered in Irvine, California, New Century
 Financial Corporation is a mortgage real estate investment trust, providing
 mortgage products to borrowers nationwide through its operating
 subsidiaries, New Century Mortgage Corporation and Home123 Corporation. The
 company offers a broad range of mortgage products designed to meet the
 needs of all borrowers. New Century is committed to serving the communities
 in which it operates with fair and responsible lending practices. To find
 out more about New Century, please visit www.ncen.com.
 
 SOURCE New Century Financial Corporation