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ID: 30603
Title: New Century cuts Freddie Mac tie (Reuters)
Description:

A man walks into the entrance to the corporate headquarters of New Century Financial Corporation in Irvine, California, March 15, 2007. (Fred Prouser/Reuters)Reuters - New Century Financial Corp. , the troubled subprime mortgage lender, said on Wednesday it ended its relationship with mortgage financier Freddie Mac , and that "several" of its own lenders plan to sell loans that had backed $17.4 billion of credit lines.


Category: Business/
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Date Added: March 28, 2007 06:53:59 PM
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