Bankruptcy
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New Century Tagline: Screwing Up Royally, Since 2005
May 25, 2007Via the Mortgage Insider, defunct subprime lender New Century Financial disclosed yesterday that — oops! — it “more likely than not” overstated its 2005 earnings. It previously had only pulled back the magic curtain to reveal problems dating to 2006. Matthew Padilla at the OC Register wishes he could see more of what Oz has behind that curtain, too:
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New Century Looks to Head Off More Litigation?
May 17, 2007 -
New Century: Thank Goodness the Execs Are Still Being Paid
May 08, 2007 -
Game Over: New Century Won’t Be Bought
May 04, 2007 -
ResCap To Shed 700 More Jobs Amid Subprime Turndown
Apr 20, 2007 -
Consulting Firm Offers Subprime Risk Guidance
Apr 10, 2007 -
New Century Sued by UBS
Apr 06, 2007 -
BK Court Approves DIP Financing for New Century
Apr 06, 2007 -
SouthStar Funding Goes Under
Apr 02, 2007 -
New Century Bankrupt; Will Sell Servicing Platform For $139 Million
Apr 02, 2007 -
New Century Terminates Freddie Mac Relationship; Bankruptcy Imminent
Mar 29, 2007
