Tag Archives : subprime mortgage loans

The Story of Success and Failures of New Century Financial

The Story of Success and Failures of New Century Financial

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.

Real Reasons of Subprime Meltdown

Real Reasons of Subprime Meltdown

Obtaining loans has been the key to any investment. Different methods are employed in giving loans. With the increasing strategies involved in giving loans made it easy to obtain it. However, with the passage of time it becomes more and more difficult to keep this system straightforward and easy.

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