
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
from various financial holdings taught a lesson or two about when to cut and run. "I was a savvy buyer of New Century Financial ." [The subprime mortgage lender was eventually delisted by the New York Stock Exchange.] "This was after
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
Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial have reportedly stalled, although New York recently opened its own probe into IndyMac. In addition, the Justice Department has
CHICAGO (Reuters) - Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported on Saturday.
CHICAGO, Aug 6 (Reuters) - Federal criminal investigations into failed U.S. mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported on Saturday.
CHICAGO, Aug 6 (Reuters) - Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial corp have stalled, and a third probe into Washington Mutual Inc...
REITs did not make it through the cycle or had their dividend eliminated (see list below). Thornburg Mortgage New Century Financial Apex Mortgage Fieldstone Investment Sunset Financial Capital Trust Ashford Hospitality Trust ECC Capital Gramercy
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