Hale will focus his efforts at Cooley on continuing
to advance the Firm's strong venture lending and credit finance practice and
support the Firm's corporate, M+A and general business practices.

unions securities

advisers futures

Mr.

, Cooley Godward LLP today
announced that John B.D.

borrowers associations

ncen.newcentury.

About NAMB
The National Association of Mortgage Brokers is the voice of the mortgage
broker industry with more than 27,000 members in 49 states and the District of
Columbia. For additional information: http://www.

appropriateness bankers

NAMB provides education, certification and government affairs
representation for the mortgage broker industry, which originates 68% of all
residential loans in the United States.

associations futures

It also confirms New Century's
willingness to work together with NAMB as it continues its strong support of
the home lending industry. New Century's
dedication to this non-prime committee is essential ."

About New Century Financial Corporation
Founded in 1995 and headquartered in Irvine , California, New Century
Financial Corporation is a real estate investment trust and one of the
nation 's premier mortgage finance companies, providing mortgage products to
borrowers nationwide through its operating subsidiaries, New Century Mortgage
Corporation and Home123 Corporation.

delivered socially

commodities originate

"We
are pleased to enhance our involvement in NAMB's highly effective activities
so that non-prime lenders will have a greater voice in ensuring qualified
borrowers have full, fair access to mortgage financing .com.

cash originate

Hale comes to Cooley from DLA Piper Rudnick Gray
Cary (DLA Piper) which he joined in 1987 and where he practiced as a partner
for over fourteen years. from the University of Wisconsin in 1982 and his
A.

lenders futures

NAMB also promotes
professionalism through a strict code of ethics and best practices in lending. With the recent addition of prime products to its proven
non-prime lending business , New Century Mortgage Corporation offers a full
spectrum of loan products to suit any borrower's needs.
Hale received his J.

cash unions

About New Century Mortgage Corporation
New Century Mortgage Corporation is a specialty finance company that
originates, purchases, sells, and services mortgage loans secured primarily by
first mortgages on single-family residences.

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New Century Financial Corporation Partners With National Association of Mortgage Brokers

Cooley Godward Adds Leading Credit Finance Partner

borrowers responsible

, New Century Financial
Corporation (NYSE: NEW), a real estate investment trust and parent company of
one of the nation's premier mortgage finance companies, today announced its
commitment to the National Association of Mortgage Brokers (NAMB) as a Double
Platinum Industry Partner. Now more than ever
before, its involvement will continue to help unite the entire mortgage
industry. New Century is
committed to serving the communities in which it operates with fair and
responsible lending practices. Our singular focus on providing
the highest quality legal services has enabled our clients to achieve their
strategic business objectives and garnered for Cooley recognition as one of
the country's leading law firms.

associations ifas

Schroeder. For more information
about New Century Mortgage Corporation, visit http://www. Hale will join the Firm's Palo Alto office as a partner
in the Credit Finance group.

simc middleware

"For years, NAMB has been a driving force for best practices and
performance excellence in the mortgage industry," stated Mr. To find out more about New Century , please
visit http://www.

execute responsible

Cosenza, Jr.

bankers unions

Headquartered in Irvine,
California, New Century Mortgage Corporation is a wholly owned subsidiary of
New Century Financial Corporation, a publicly traded real estate investment
trust (NYSE: NEW).

futures venture

IRVINE, Calif.
For over 30 years, NAMB has provided its members with education,
certification services and government affairs representation as well as
valuable, business-building products and services.
Through the strong guidance of Greg Schroeder, Executive Vice President of
Marketing and eCommerce for New Century Mortgage Corporation
(http://www.com), and the support of New Century as a whole, NAMB has
agreed to develop a new committee dedicated specifically to the non-prime
sector of the home lending industry. Schroeder has been named as a
committee member along with executives from other non-prime mortgage companies
and brokers who originate loans within the sector. Within the venture lending space in particular , John has the most
developed practice of anyone, anywhere. from Georgetown University in 1979.

bankers investing

, Chairman, Industry Partners Committee of
NAMB: "With RESPA reform still undecided and overly restrictive lending laws
gaining prominence, NAMB's influence continues to be vital. He has an outstanding and well-deserved reputation in the field, has
been a friend and worthy competitor for years and we look forward to working
with him as we continue to expand our venture lending and credit finance
practice."
As a partner and Co-Chair of the Debt Finance Group at Gray Cary, prior to
the Firm's merger with DLA, and as a partner at DLA Piper, Hale's extensive
practice in independent lender -side transactions included working with banks
and lending institutions in venture lending and middle -market transactions in
a variety of geographic locations.

originate ifas

The partnership allows the company to participate on the Industry Partner
Advisory Council, hold an honorary seat on the NAMB Board of Directors and
meet with NAMB Government Affairs Chair.

socially futures

newcentury.

investing financiers

The partnership commitment includes financial
support and educational alliances and demonstrates the company's dedication to
excellence in the mortgage industry.
Joseph Scherer, head of Cooley's Credit Finance practice group said , "We
are delighted to welcome John to the Firm as a partner in our Credit Finance
group.cooley .

commodities venture

ifas venture

New Century's key interests in this partnership are in the arenas of
government affairs and greater industry representation for non-prime lending. The company offers a broad range of
mortgage products designed to meet the needs of all borrowers. PALO ALTO, Calif.

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"
Said Armand W.com .

About Cooley Godward
Cooley Godward is an established provider of strategic litigation and
business transaction services and a recognized leader in the representation of
high-growth private and public companies, financial institutions, venture
capital firms and nonprofit organizations .com.