Another Subprime Mortgage Lender Falls

California-based subprime mortgage lender New Century has filed for bankruptcy protection, and announced plans to immediately terminate 3,200 employees.  If the bankruptcy court gives its approval, New Century will sell its loan servicing business to Carrington Capital Management.

More than two dozen subprime lenders across the country have shut down in the past several months, and New Century will likely not be the last.

Read more detail on Legal News Directory – Bankruptcy Law

Legal notice about the Another Subprime Mortgage Lender Falls rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to Another Subprime Mortgage Lender Falls?

This entry was posted in Bankruptcy Law and tagged , , , , . Bookmark the permalink.

Leave a Reply