Subprime Summit 2005 On February 28
IRVINE, Calif., Feb. 25 /PRNewswire-FirstCall/ — New Century Financial Corporation (NYSE: NEW - News), a real estate investment trust and the parent company of one of the nation’s largest non-prime mortgage finance companies, announced today that Edward F. Gotschall, vice chairman, finance, will be the keynote speaker at the Fourth Annual Subprime Summit 2005 held at the Eden Roc in Miami, Fla. on Monday, February 28, 2005.
It is unclear whether HSBC Finance Corporation will attend. Watchdog organization Household - HSBC Watch said subprime summit keynote speakers are looked to for guidance. “The actions of HSBC Finance Corporation make it difficult for the annual subprime summit to have much credability. As long as HSBC continues to flaunt regulators it makes it difficult for the entire industry” said Household - HSBC Watch.
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