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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]
27 Mar 2008, 1:25 pm
Missal, a former SEC Enforcement Division attorney, has wrapped up a five-month investigation for the Department of Justice into the failure of New Century Financial, the first large mortgage company to fold in the wake of the subprime debacle. [read post]
10 Dec 2009, 4:00 am
The Securities and Exchange Commission 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]
9 Dec 2009, 1:30 am
Kenneally, Rossmoor, California, former Controller of New Century Financial Corporation, have been charged with securities fraud for misleading investors as New Century's subprime mortgage business was collapsing in 2006. [read post]
6 Apr 2008, 2:26 pm
The WSJ Law Blog recently reported the release of the Bankruptcy Court Examiner's Report on New Century Mortgage, the subprime lender that once led the market and is now in Chapter 11. [read post]
2 Oct 2008, 2:56 pm
  Here's the abstract: For over a century, bankruptcy has been the primary legal mechanism for resolving consumer financial distress. [read post]
1 Aug 2013, 4:00 am by Administrator
Introduction If a nineteenth century corporate solicitor could step across time and through the office doors of a 21st century law firm, he would surely be dazzled by the technological wizardry that has utterly transformed the speed and efficiency at which law is practiced today. [read post]
4 Apr 2007, 7:26 am
  With publicly traded corporations who issue these subprime mortgages filing for bankruptcy (such as New Century Capital Corporation) shareholders in these corporations are suffering huge losses on their investments, causing a decline in their personal investment portfolios. [read post]
15 Oct 2019, 6:31 am by Kevin Kaufman
At the time, many businesses were family-run, and the government could not distinguish between personal and business-generated interest.[1] For much of the twentieth century all consumer loan interest was deductible. [read post]
20 Aug 2011, 5:09 am by McNabb Associates, P.C.
Bank, and Wells Fargo & Company, and wholesale mortgage lenders, including New Century Mortgage Corporation and Ocwen Financial Corporation. [read post]
10 Jun 2016, 9:37 am by Rich Vetstein
Sousa was the founder of First Team Mortgage Corporation a Chelmsford, MA organization that he built from the ground up and ran for twelve years. [read post]
4 May 2010, 2:19 am by staff@mortgagefraudblog.com
Taylor, 35, Elyria, Ohio, have been charged with multiple counts of wire fraud in connection with mortgage fraud schemes which caused $710,000 in losses to Aegis Funding Corporation and New Century Mortgage. [read post]
3 Apr 2007, 7:17 am
  Once a highflier in the booming market for making risky mortgage loans, the New Century Financial Corporation filed for bankruptcy court protection today. [read post]
12 Mar 2009, 3:21 am
  However, Judge Guilford’s express rejection of the Impac plaintiffs’ attempt to compare their case to the New Century case, and to use that as a way to avert dismissal, may suggest the constraints that plaintiffs in other cases may face in trying to rely on the Countrywide and New Century dismissal motion denials. [read post]
17 Mar 2020, 2:19 pm by Kenneth Duvall and Philip R. Stein
” [6] https://www.nytimes.com/2020/03/03/business/economy/fed-rate-cut.html [7] https://www.cnbc.com/2020/03/13/mortgage-rates-jump-back-up-to-january-high-amid-coronavirus-outbreak.html [8] https://www.cnbc.com/2020/03/13/mortgage-rates-jump-back-up-to-january-high-amid-coronavirus-outbreak.html [9] https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html [10]… [read post]
13 Feb 2013, 5:53 am by Rich Vetstein
Alleged Backdated Mortgage Assignment Proves Fatal Melissa Juárez purchased a home in Dorchester, Massachusetts on August 5, 2005, financing it with reputed sub-prime lender New Century Mortgage. [read post]
27 Mar 2007, 8:06 am
  Another large lender, the Fremont General Corporation, said yesterday that it planned to sell its subprime mortgage business after reaching an agreement with the Federal Deposit Insurance Corporation to restrict its activities in that area. [read post]
15 Sep 2011, 7:09 pm
The headquarters building did not have to be mortgaged; the Treasurer simply ponied up more of the endowment as collateral for two new lines of credit. [read post]