Thursday, March 08, 2007

New Century Goes Down

The Mortgage Lender Implode-o-Meter is reporting that New Century Financial has halted business. I found a recording of the company's phone message from Home123, their retail arm. Nothing like a little schadenfreude on a Thursday evening:

Emergency

This subprime blowout is going to make Enron look like child's play.

5 comments :

Bakersfield Bubble said...

LMFAO!!!!

Thanks for the recording.

How would you like to have a loan with these clowns and hear that.

Max said...

Pretty good, eh? Somebody mentioned it on the CR blog, and I wanted to preserve it for posterity before it disappeared.

Somebody should start collecting these. We could do a podcast or something. :)

Tony said...

Having worked for these clowns and having left due to blatant fraud companywide it's no surprise what has happened. Let's hope the probe goes long and deep.

TheAppraiser said...

Having worked for these clowns and observed blatant fraud companywide I'm not surprised this has happened. Let's hope the probe goes long and deep.

Perfect Storm said...

New Century guys will be servicing bubbas loan in prison soon enough.

Cheers to the death of subprime and loan whores everywhere.