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ID: 28245
Title: Accredited, New Century lead subprime meltdown (Reuters)
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A view of a neighborhood in the town of Superior, Colorado, a Denver suburb February 27, 2006. New Century Financial Corp. on Tuesday said the Securities and Exchange Commission is investigating the subprime mortgage lender, after the agency recently asked to meet with management to discuss its accounting. (Rick Wilking/Reuters)Reuters - The mortgage meltdown broadened on Tuesday, led by Accredited Home Lenders Holding Co. and New Century Financial Corp. , as investors feared that the subprime lenders, which make loans to people with poor credit histories, would run out of cash.


Category: Business/Stock Markets/
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Date Added: March 13, 2007 10:35:19 PM
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