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"… to pay $102 million to settle an investigation into its relationship with New Century Financial Corp.Morgan Stanley packaged risky loans “that were destined t …"
"… .Morgan Stanley packaged risky loans “that were destined to fail” from New Century into securities and loaned the now-defunct lender billions of dollars, Coa …"
"… or poor underwriting,” but were lucrative for subprime lenders, she said.New Century was once the third-biggest subprime lender in the United States, according …"
"… lic Integrity investigation into the financial meltdown. From 2005 to 2007 New Century made at least $76 billion in high interest loans.As part of the agreement, …"
"… he current depressed housing market,” according to the report, including mortgage brokers, lenders, investors, investment banks, and credit rating agencies.The FBI …"
"… gages in the nation’s 10 hardest-hit foreclosure hotspots, trailing only New Century Financial. In the Fort Pierce-Port St. Lucie area in Florida, for exa …"
"… ury Department. The company was second only to now-defunct subprime lender New Century Financial Corp. of Irvine, Calif.For instance, the Treasury report said WM …"
"… risk home lenders in Southern California that melted down — Countrywide, New Century and IndyMac Bancorp — without finding clear evidence that top executives …"