WestWorks Expands to Maryland

Edmund Sanders covers financial institutions and fraud for The Times. He can be reached at (714) 966-5811 and at edmund.sanders@latimes.com

WestWorks Mortgage, a unit of Irvine-based Western Financial Bank, said it is expanding into the state of Maryland. WestWorks specializes in loans to borrowers with poor credit. . . . Meanwhile, rival and neighbor New Century Financial Corp., also based in Irvine, said its stock has been added to the Russell 2000 index, a widely watched index of small companies.

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