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New Century Financial Corporation Announces Election of Marilyn Alexander to Board of Directors IRVINE, Calif., May 18 /PRNewswire-FirstCall/ -- New Century Financial Corporation (NYSE:NEW), a real estate investment trust (REIT) and the parent company of one of the nation's largest non-prime mortgage finance companies, announced today the election of Marilyn A. Alexander to the company's board of directors. Ms. Alexander, 53, currently serves on the board of trustees of Equity Office Properties Trust (NYSE:EOP) and the board of governors of Chapman University, in Orange, Calif., and is a founding board member of the Breast Health Awareness Foundation. She has more than 23 years finance, marketing and strategic planning experience. Ms. Alexander served as senior vice president and chief financial officer of the Disneyland Resort in California and has held several marketing and financial executive positions at the Walt Disney World Resort in Florida. Prior to joining Disney, Ms. Alexander served as vice president of financial planning and analysis for the Marriott Corporation and as a managing consultant for Cresap, a division of Towers Perrin. Ms. Alexander holds a bachelor's degree from Georgetown University, in Washington D.C., and a Masters of Business Administration from the Wharton Graduate School of the University of Pennsylvania. "We are extremely pleased to have someone of Marilyn's caliber join our board of directors," stated Robert K. Cole, chairman and chief executive officer. "We believe her financial, marketing and strategic planning experience will be invaluable to achieving the strategic goals of the company." About New Century New Century Financial Corporation is a real estate investment trust and the parent company of one of the nation's largest non-prime mortgage finance companies, providing first and second mortgage products to borrowers nationwide through its operating subsidiaries, New Century Mortgage Corporation and Home123 Corporation. 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 http://www.ncen.com/. DATASOURCE: New Century Financial Corporation CONTACT: Carrie Marrelli, VP, Investor Relations, +1-949-224-5745, or Erin Freeman, VP, Corporate Communications, +1-949-862-7624, both of New Century Financial Corporation Web site: http://www.ncen.com/

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