(Reuters) - In an SEC filing, New Century said the agency orally
advised the company's outside counsel on June 21 of the formal
probe. New Century had been notified on March 12 by the SEC's
Pacific regional office of a preliminary investigation.
New Century was the largest independent provider of home
loans to people with poor credit before filing for Chapter 11
bankruptcy protection on April 2 amid mounting customer
defaults.
Read more at Reuters.com Bonds News
advised the company's outside counsel on June 21 of the formal
probe. New Century had been notified on March 12 by the SEC's
Pacific regional office of a preliminary investigation.
New Century was the largest independent provider of home
loans to people with poor credit before filing for Chapter 11
bankruptcy protection on April 2 amid mounting customer
defaults.
Read more at Reuters.com Bonds News
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