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Home » Store » Taxable » New Century Files for Bankruptcy as Most Mortgage REITs Falter in 2006

New Century Files for Bankruptcy as Most Mortgage REITs Falter in 2006

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After weeks of financial distress, New Century Financial threw in the towel this week and filed for Chapter 11 bankruptcy. The lender has an agreement to sell its servicing platform and also hopes to sell its origination unit and loan portfolio... [Includes one chart]
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