New Century Mortgage Corporation, a specialty finance company, originates, purchases, sells, and services mortgage loans secu ... red primarily by first mortgages on single-family residences in the United States. The company is based in Irvine, California. New Century Mortgage Corporation is a subsidiary of New Century Financial Corporation. On August 1, 2008, New Century Mortgage Corporation went out of business as per its Chapter 11 liquidation filing under bankruptcy. read more