Link Details

Link Details 

Submit RSS | Latest Links | Top Hits | 
 
News Finder » Listing Details
ID: 31344
Title: Major home lender files for bankruptcy (AP)
Description:

Headquarters for New Century Financial Corporation in Irvine, Calif.,  which filed for bankruptcy protection, is shown Monday April 2, 2007. The subprime lender, once the nation's second-largest provider of mortgages to high-risk borrowers, immediately fired 3,200 workers, or 54 percent of its work force. (AP Photo/Lenny Ignelzi)AP - New Century Financial Corp., once the nation's second-largest provider of home loans to high-risk borrowers, filed for bankruptcy protection on Monday, the victim of its own financial missteps as well as pressures felt by its rival lenders.


Category: Business/
Link Owner:
Date Added: April 02, 2007 10:18:59 PM
Number Hits: 0