Tag Archives : Los Angeles Times

The Story of Success and Failures of New Century Financial

The Story of Success and Failures of New Century Financial

Posted by on July 16, 2011 · 1 Comment

The Newcentury Financial Corporation achieved a name in real estate financing in very short tenure, and becomes the 2nd larget in the field. However they failed to keep their success for the reasons of improper practices and unsecured loans. However there is no crimnal charges proved against the company authorities, still some illigal practices reported which caused in such a heavy loss.

Filed in: Mortgage
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