Archive for May, 2007
Subprime Market-Blood Is In The Water
New Century filed Chapter 11 last month. For those not sure about who
New Century is, they were #2 in the subprime market up until March
2007.
Now, the fact that they filed Chapter 11 and their funding was haulted
is not news. However, they announced this week that they did not
receive any bids for their mortgage origination division. […]
Posted: May 4th, 2007 under Economy.
Comments: 2
