Keyword: subprime lending

SEC Files Fraud Charges on Former Subprime Lenders

SEC Files Fraud Charges on Former Subprime Lenders

Rocky road for lender After several treacherous years in the mortgage industry, a shining example of how the subprime market crashed is New Century Financial Corp who as recently as 2007 had over 7,000 employees and employed Bob Villa as a spokesperson and was a substantial NASCAR sponsor. New Century was at one point one of the largest lenders to ...

Lani Rosales | 2009/12/08  | 14 Comments Economy

SEC Files Fraud Charges on Former Subprime Lenders

SEC Files Fraud Charges on Former Subprime Lenders

Rocky road for lender After several treacherous years in the mortgage industry, a shining example of how the subprime market crashed is New Century Financial Corp who as recently as 2007 had over 7,000 employees and employed Bob Villa as a spokesperson and was a substantial NASCAR sponsor. New Century was at one point one of the largest lenders to ...

Lani Rosales | 2009/12/08  | 14 Comments Economy