Relevant:
- Former New Century execs barred for five years by SEC for misleading disclosures
- Wells sells $600 million in distressed assets at 35 cents on dollar
- Ohio settles with bankrupt subprime lender
- Freddie Mac Mortgage Portfolio Rose To $2.244 Trillion, Single-Family Portfolio Delinquencies Hit Record 3.54%
- Investor group wins auction for Corus loans
2007-05-05 — latimes.com
"[Ellington Management Group] made a $58-million winning bid for the remaining mortgage portfolio of bankrupt sub-prime lender New Century Financial, topping five other offers..." The bid equates to 34 cents on the dollar.
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