Industry News

New Century Financial cuts ties to Freddie Mac

Subprime lender's creditors put loans on auction block
Published on Mar 29, 2007

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by CareyBot

Subprime lender New Century Financial Corp. said it has voluntarily severed its ties to Freddie Mac, and will no longer sell or service loans to the government-chartered mortgage repurchaser. In a Securities and Exchange Commission filing this week, New Century ...