Bankruptcy : Subprime Lender, New Century, Bankruptcy Looms
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Total Bankruptcy
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Bankruptcy
Blogged date : 2007 Mar 12
New Century, a leading subprime mortgage lender, faces their own impending bankruptcy. After a stock price tumble of more than eighty percent in the past two weeks, the NYSE suspended trading of New Century’s stock, today. New Century finished the day at $1.66 per share, down 48 percent on the day.
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