Report Details Lender's Collapse

New Century Financial, the subprime lender that was one of the first casualties of the housing crisis, had a "brazen obsession" with risky home loans that spurred it to engage in "significant improper and imprudent" financial practices, according to a report released yesterday.
 - 

Carrie Johnson

Related Subjects

New Century Software Inc.

KPMG LLP

Michael Missal

MCI Inc.

Robert Cole

Brad Morrice

Edward Gotschall

California

New Century Financial Corporation

Enron Corporation

Los Angeles

Irvine

Kathleen Fitzgerald

Hugh Burns

Charles Sipkins

Federal Bureau of Investigation

U.S. Securities and Exchange Commission

U.S. Department of Justice

Washington, DC

Orange County

Pacific States

Accounting and Payroll Services

Professional Services Sector

Corporate Accounting

Business

Subprime Lending

Consumer Credit and Debt

Personal Finance

Earnings and Loss Announcements

Earnings and Losses

Corporate Reporting

Company Activities and Information

Powered by Inform

Related Articles

New accounting norm expected to hit Q4 profits Business Standard 3/30/2008 3:59:16 PM

UPDATE 5-Huron shares crash on weak estimated Q1 results Reuters 3/27/2008 3:02:39 PM

SEC begins formal inquiry into options backdating at KV Pharmaceutical St. Louis Post-Dispatch 3/27/2008 12:20:50 AM

Commerce Planet hires an adviser as it weighs its options Internet Retailer 3/20/2008 5:47:15 PM

Micron reports quarterly loss amid dropping chip prices Computerworld 12/21/2007 2:31:46 PM

Verizon Earnings Dip on MCI Merger Costs CIO Magazine 4/7/2007 10:15:26 AM

Powered by Inform