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 :
LMFAO!!!!
Thanks for the recording.
How would you like to have a loan with these clowns and hear that.
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. :)
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.
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.
New Century guys will be servicing bubbas loan in prison soon enough.
Cheers to the death of subprime and loan whores everywhere.
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