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Loan Modification
: Mortgage Lender Implode-o-MeterFormer New Century Execs Charged with Fraud
By Implode-Explode Heavy Industries
"Three former mortgage executives were charged with fraud on Monday for activities growing out of their roles at the defunct New Century Mortgage.
The charges were brought by the U.S. Securities and Exchange Commission (SEC) which accused the three of covering up the rapidly declining financial condition of their firm before it filed for bankruptcy in April, 2007."
Full post as published by Mortgage Lender Implode-o-Meter on December 07, 2009 (boomark / email).
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