Consumer Law

The New Century saga

By Alan White

The WSJ Law Blog recently reported the release of the Bankruptcy Court Examiner's Report on New Century Mortgage, the subprime lender that once led the market and is now in Chapter 11. The post includes a link to download the 500-page report itself, which contains a wealth of data about the subprime industry and the rise and fall of New Century, and is replete with details of NC's lending practices and evolving corporate culture. Anyone writing a book on the subprime crisis will want to read this primary source material.

Full post as published by CL&P Blog on April 06, 2008 (boomark / email).