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7 May 2007, 7:25 am
[Previous months in review available here: March 07, Feb 07, Jan 07; Dec 06,] With the spectacular implosion of subprime lender New Century, Breaking the bank: New Century files bankruptcy, I devoted a lot of pixels to the subprime problem, starting with a primer, Subprime lending: the dramatis personae and offering some gratuitous advice in What's a delinquent borrower to do? [read post]
30 Apr 2007, 1:28 am
Source: New York Legislative Retrieval System (LRS), April 29, 2007
Categories Included: Corrections Law, Criminal Procedure Law, Judiciary Law and Penal Law. [read post]
25 Apr 2007, 7:17 am
New Century Financial Corp., ACC Capital Holdings, and NovaStar Mortgage, Inc. are all reeling from their reckless and avaricious ways. [read post]
12 Apr 2007, 7:50 am
Meanwhile, what tipped New Century into the soup was this cheery announcement only a week before: Federal prosecutors and securities regulators are investigating stock sales and accounting errors at the New Century Financial Corporation, the biggest mortgage company that specializes in lending to people with weak, or subprime, credit, the company disclosed in a corporate filing yesterday. [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]
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]
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]
26 Mar 2007, 7:42 am
Meanwhile, what tipped New Century into the soup was this cheery announcement only a week before: Federal prosecutors and securities regulators are investigating stock sales and accounting errors at the New Century Financial Corporation, the biggest mortgage company that specializes in lending to people with weak, or subprime, credit, the company disclosed in a corporate filing yesterday. [read post]
14 Dec 2006, 1:21 am
Attorney Heads of Department Components from Deputy Attorney General Mike McNulty (PDF 8.94) Memorandum discusses the prosecution of corporate fraud RETIREMENT/PENSIONS12/13/2006
Committee Priorities of House Education and the Workforce Committee Chairman-Elect George Miller for the 110th Congress (PDF 23.2 KB) Agenda released at a Capitol Hill news conference on December 12, 2006 SCIENCE/RESEARCH AND TECHNOLOGY12/13/2006
Letter to Energy Secretary Sam… [read post]
