Feb 5 (Reuters) - Barely two weeks after the big subprime lender New Century Financial Corp went bankrupt, a top Standard & Poor's executive assured Congress that her employer could be counted on to...
under those shareholders when the practice became unsustainable as a result of weakened finances. For example, New Century Financial , a subprime-mortgage real-estate investment trust, offered a dividend yield of about 18% at the peak
the Justice Department. Sources said federal criminal investigations into failed lenders IndyMac Bancorp and New Century Financial have stalled, although New York recently opened its own probe into IndyMac. In addition, Justice has closed
We are dropping coverage of New Century Financial NEWCQ to allocate our resources elsewhere.
83% currently due to major tenant moveouts resulting from the subprime mortgage crisis. Major lenders like New Century Financial and Ameriquest Mortgage--together accounting for about 5% of Maguire's total square footage--filed
On Friday, New Century Financial NEWCQ announced that it believes equityholders will be left with nothing after its bankruptcy liquidation. At this point, its shares
value estimate. The recent collapse in the subprime lending market, culminating in Monday's announcement by New Century Financial NEWC that it would seek Chapter 11 bankruptcy protection, has carried over to homebuilders. In 2006, 20
New Century Financial NEWC has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The bankruptcy filing puts
New Century Financial NEWC recently acknowledged that it has received claims requesting the company to repurchase $500 million of whole loans previously
sale--as it works with its lenders to secure financing. Accredited faces challenges similar to those of New Century Financial NEW, hoping to obtain waivers from its lenders as it breaks financial and operating covenants. Accredited