Tag: Subprime

SEC Goes After Sub-Prime Lender

The Securities and Exchange Commission charged three former top officers of New Century Financial Corporation with securities fraud for misleading investors as New Century’s subprime mortgage business was collapsing in 2006. At the time of the fraud, New Century was one of the largest subprime lenders in the nation. In its complaint, the SEC alleges

Subprime Lending Settlement in Massachusetts

Massachusetts Attorney General Martha Coakley’s Office announced that it has reached a settlement agreement with Goldman Sachs & Co stemming from the office’s investigation of subprime lending and securitization markets. The Attorney General’s Office has been investigating the role of investment banks in the origination and securitization of subprime loans in Massachusetts. The Attorney General’s

The Subprime Boomerang: After the Writedowns Comes the Litigation

Securities Docket put on a great webinar on The Subprime Boomerang: After the Writedowns Comes the Litigation. Bruce Carton moderated a panel of Veronica Rendon of Arnold & Porter, Richard Swanson of Arnold & Porter and Jeff Nielsen of Navigant Consulting, Inc. Jeff started off my showing how much complicated the picture is for securitized