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New Century Financial Corporation
New Century Financial Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating subsidiaries, New Century Mortgage Corporation and Home123 Corporation. It was founded in 1995. In 2004 it converted to a real estate investment trust. In 2006, the company was second only to HSBC Finance in issuing subprime mortgages. In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. History Founding of the company It was founded in 1995 by a trio of formers manager and cofounders at Option One Mortgage, including Brad Morrice, who became chief executive. It was headquartered in Irvine, California. It originally employed 50 people in 1996, when it began ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Century Version
The New Century Version (NCV) is a revision of the International Children's Bible (ICB). The ICB is a translation of the Bible that was aimed at young readers and those with low reading skills/limited vocabulary in English. It is written at a 3rd grade level (from the introduction) and is both conservative and evangelical in tone. The New Testament was first published in 1983 and the Old Testament The Old Testament (often abbreviated OT) is the first division of the Christian biblical canon, which is based primarily upon the 24 books of the Hebrew Bible or Tanakh, a collection of ancient religious Hebrew writings by the Israelites. The ... followed in 1987. The ICB was revised to a more sophisticated 5th grade reading level and was dubbed the New Century Version. A gender-neutral edition was first published in 1991, supplanting the original. Grudem and Poythress wrote, "The earliest complete translations of the Bible to adopt a gender-neutral translation policy were appa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |