New Carnage for New Century
"As of March 9, 2007, all of the Company's lenders under its short-term repurchase agreements and aggregation credit facilities had discontinued their financing with the Company or had notified the Company of their intent to do so."
Just desserts.
Just desserts.
posted by epiclectic at 10:00 AM
1 Comments:
New Century Financial continues its downhill spiral. While it voluntarily stopped accepting new mortgage applications (after most of its warehouse lines were closed) several weeks ago, it has been out and out forbidden to write mortgages by California, Ohio, and several other states.
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