See Ya!
Is the fat lady singing? It is amazing how fast this mortgage mess is unraveling. How is it possible for these companies to fall apart this fast? I say "these companies" because I don't believe New Century is alone or will be the only casualty. The subprimes, lead by New Century, fell today. The forensic accounting will be interesting and the mess will be revealed to have been in plain sight the whole time. No documentation/verification loans to bad credits leads to mess.