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Subprime Homesick Blues. Recently, New Century Financial—a mortgage company focusing on loans to your subprime,

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Subprime Homesick Blues. Recently, New Century Financial—a mortgage company focusing on loans to your subprime,

Or high-credit-risk, market—dubbed itself “a new color of blue chip. ” Today, having its stock cost down more than ninety into the past half a year plus the https://personalbadcreditloans.net/reviews/national-payday-loans-review/ company near to bankruptcy, it appears similar to a brand new color of enron. Which is one of many. Into the year that is past significantly more than two dozen subprime loan providers have actually closed their doorways. The percentage of the borrowers who’re delinquent (which means that they’ve missed a minumum of one payment) has doubled, and predictions greater than a million foreclosures are becoming commonplace. Read More