Has anyone heard anything about the status of New Century Financial recently?

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Has anyone heard anything about the status of New Century Financial recently?

2007-03-08 15:47:33 · 2 answers · asked by meme 2 in Business & Finance ➔ Corporations

2 answers

Meme,

A number of analysts are predicting that it is only a matter of time before the company goes bankrupt. Five of the companies 12 lenders are refusing to loan them additional funds. For a company like NEW this is a substantial problem.

Good Luck,
Dana B.

2007-03-10 08:56:25 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋

As of yesterday, they were no longer taking applications for new mortgages. This is due to restrictions set by THEIR lenders. See news item below.

2007-03-10 02:03:53 · answer #2 · answered by weirina85 3 · 0⤊ 0⤋