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ID: 28057
Title: New Century on bankruptcy's doorstep (Reuters)
Description:

Houses under construction in a file photo. New Century Financial Corp. said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy. (John Gress/Reuters)Reuters - New Century Financial Corp. , the largest independent U.S. subprime mortgage lender, said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy amid dwindling cash and $8.4 billion in obligations that could come due immediately.


Category: Business/
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Date Added: March 12, 2007 11:17:50 PM
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