Search for: "New Century Mortgage"
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2 Apr 2007, 8:56 am
Once a highflier in the booming market for making risky mortgage loans, New Century Financial tumbled to earth Monday as it filed for bankruptcy. [read post]
3 Apr 2007, 12:03 pm
New Century, once the nation's second largest subprime mortgage lender, also announced plans to fire 3,200 employees, about 54 percent of its work force. [read post]
9 Feb 2007, 5:38 am
On Wednesday, mortgage finance REIT New Century Financial issued a non-reliance 8-K, revoking investor reliance on all its quarterly financials issued in 2006. [read post]
12 Mar 2007, 4:47 pm
New Century, a leading subprime mortgage lender, faces their own impending bankruptcy. [read post]
26 Mar 2007, 5:14 am
In a reversal, Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century, The New York Post reported Monday. [read post]
7 Dec 2009, 12:25 pm
The SEC today charged three former top officers of New Century Financial Corporation with securities fraud for misleading investors as New Century’s subprime mortgage business was collapsing in 2006. [read post]
7 Dec 2009, 5:42 pm
A long awaited lawsuit from the Securities and Exchange Commission against former executives from mortgage giant New Century arrived Monday. [read post]
4 Apr 2007, 1:18 pm
California-based subprime mortgage lender New Century has filed for bankruptcy protection, and announced plans to immediately terminate 3,200 employees. [read post]
27 May 2008, 12:38 pm
Economist Dean Baker has the gory details: According to its report, one investment bank had a contract with New Century, a leading issuer of subprime debt, that it would reject no more than 2.5 percent of its loans. [read post]
26 Oct 2012, 10:14 am
Forbes on October 26, 2012 released the following: John Wasik, Contributor “With less than 88 years left in this century, it’s awful tough to say what the crime of this century will be. [read post]
8 Mar 2007, 8:41 am
Amid an implosion in the subprime mortgage market, David Einhorn is resigning from the board of New Century Financial. [read post]
2 Apr 2009, 4:25 am
New Century Financial, the largest independent provider of home loans to people with poor credit, filed for bankruptcy two [...] [read post]
21 Aug 2008, 11:09 am
Nishon Johnson, 37, Detroit, Michigan, a loan originator, and others were involved in a scheme to defraud mortgage companies, New Century Mortgage and Countrywide Home Loans. [read post]
6 Aug 2010, 9:35 pm
Thirteen former officers and directors of New Century Financial Corp., an Irvine, California-based mortgage finance company that collapsed in 2007, have agreed to the preliminary settlement of the securities class action pending against them in the C.D. of California. [read post]
2 Apr 2007, 10:19 am
According to CNNMoney, the high flying subprime mortgage lender, New Century, filed for bankruptcy protection and will immediately lay off 3,200 of its workers or 54% of its workforce. [read post]
23 Apr 2020, 12:00 pm
New Century Mortg. [read post]
14 Mar 2007, 4:51 am
The shake-out in the subprime lending market may well take down mortgage lender New Century Financial, which disclosed that its banks have cut off most of its access to credit, the lifeblood of any financial institution. [read post]
26 Mar 2008, 11:02 am
Those who were anticipating yesterday’s unsealing of the report on collapsed mortgage lender New Century — written by court-appointed bankruptcy examiner Michael Missal, a partner at Kirkpatrick & Lockhart — surely expected to read about a litany of wrongdoing at New Century. [read post]
20 Mar 2019, 2:18 pm
According to evidence presented at trial, Green was part of a large-scale mortgage fraud scheme to defraud the New Century Mortgage Company by submitting false documentation about employment, income and assets, including fraudulent […] The post Jury Convicts Man in Mortgage Fraud Scheme appeared first on Mortgage Fraud Blog. [read post]
13 Apr 2008, 5:40 pm
The surprise failure of New Century Financial, one of the country's largest subprime mortgage lenders, has led to an all too familiar question -- how could the auditors have given the company a clean bill of health right up until... [read post]
