Search for: "New Century Mortgage"
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12 Mar 2007, 7:20 pm
New Century Financial announced on Monday that its lenders would not continue to provide it financing. [1] Coming soon after the federal government began investigating accounting errors and stock sales at New Century Financial, this latest news only worsens the problems of the nation's largest sub-prime lender. [2] Many analysts predicted that New Century would soon be insolvent after it announced that it would stop… [read post]
14 Mar 2007, 12:58 am
Discussing consumer sub-prime mortgage market woes, the Associated Press described recent lender problems as follows: Investors, bracing for a wilting economy, fled the already deflated subprime mortgage sector on more news that lenders New Century Financial Corp., Accredited Home Lenders Holding Co. and General Motors Acceptance Corp.'s residential unit are facing financial problems. [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]
1 Jul 2022, 7:00 am
How has the mortgage interest deduction persisted over a century, despite extensive critique? [read post]
10 Jul 2010, 4:37 pm
In one case involving Morgan Stanley’s reported “partner,” New Century Mortgage, the Massachusetts attorney general alleged that Morgan Stanley provided New Century with financing to provide high risk loans to low income borrowers and then Morgan packaged the loans as securities and sold the securities to investors. [read post]
16 Dec 2009, 9:48 am
Mortgage News Daily has posted an article about the SEC's charges of fraud against three executives' activities at New Century Mortgage. [read post]
5 Nov 2015, 1:17 pm
According to evidence presented at the trial for co-defendant Erik Hermann Green, 33, Roseville, California, Pirt and Green defrauded the New Century Mortgage Company by submitting false documentation about borrowers’ employment, […] [read post]
22 Aug 2019, 1:52 pm
According to evidence presented at a seven–day trial in March, Green was part of a large‑scale scheme to defraud the New Century Mortgage […] [read post]
15 Mar 2007, 4:03 pm
Ohio State's Attorney General came down hard on New Century Financial. [read post]
6 Nov 2012, 11:11 am
Plaintiffs contend that Morgan Stanley was the principal financer for the now bankrupt New Century Mortgage Company, providing the funding that enabled New Century to make mortgage loans to borrowers located in Detroit’s African American communities. [read post]
13 Mar 2007, 2:17 pm
New Century Financial and Fremont Investment -- obscure lending institutions one week, and household names this week. [read post]
VICTOR DAVIS HANSON: Ten Commandments For Our New Century. “Owing in our new millennium shall be le…
19 Feb 2012, 5:51 am
VICTOR DAVIS HANSON: Ten Commandments For Our New Century. “Owing in our new millennium shall be less stressful than saving. [read post]
16 Aug 2008, 5:26 am
Advance fee fraud has been around for centuries and is merely a false promise of something that is too good to be true in return for an advanced payment. [read post]
9 May 2023, 7:45 am
“Back in the 20th century, people used to burn their mortgage documents once they had paid the loan off,” said David Reiss, a law professor who specializes in real estate and consumer financial services at Brooklyn Law School in New York. [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]
28 May 2008, 12:57 pm
New Century Mortgage Corp., 185 F. [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]
18 Mar 2007, 6:59 am
New Century Financial, Cuyahoga Common Pleas Case No. 07-618660. [read post]
13 Mar 2007, 4:46 am
New Century, one of the biggest mortgage lenders to borrowers with weak, or subprime, [...] [read post]
27 Jul 2007, 5:34 am
Wills, 50, who resides with her, defrauded New Century Mortgage by submitting several fraudulent documents with a $472,500 loan application to purchase property at 100 W. [read post]
