(Reuters) - The price is about one-third more than Carrington offered
prior to the auction, and may be adjusted.
Irvine, California-based New Century had been one of the
largest U.S. providers of home loans to people with poor credit
histories before filing for Chapter 11 bankruptcy protection on
April 2 amid the U.S. housing slowdown.
Read more at Reuters.com Bonds News
prior to the auction, and may be adjusted.
Irvine, California-based New Century had been one of the
largest U.S. providers of home loans to people with poor credit
histories before filing for Chapter 11 bankruptcy protection on
April 2 amid the U.S. housing slowdown.
Read more at Reuters.com Bonds News
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