Prospect News: News for New Century Financial Corp.

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Prospect News home > Main news index > All issuers starting with N > Issuers starting with N, DD only > All stories on New Century Financial Corp. > Stories on New Century Financial Corp., DD only

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
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New Century Financial Corp.

8/2/2010	DD	New Century former officers agree to settle SEC complaint allegations
12/31/2008	DD	New Century seeks one-month exclusivity extension to complete plan documents
8/20/2008	DD	New Century hearing for Wells Fargo, Kodiak settlement postponed
8/4/2008	DD	New Century emerges from bankruptcy; Jacobs named liquidating trustee
7/29/2008	DD	New Century Financial beneficiaries ask court to stay confirmation order pending appeal
7/21/2008	DD	New Century posts $1.41 million May net loss
7/16/2008	DD	New Century deferred compensation plan beneficiaries appeal plan objection ruling
7/15/2008	DD	New Century plan of liquidation granted court approval
7/11/2008	DD	New Century granted third 'precautionary' exclusivity extension
7/7/2008	DD	New Century reaches settlement with Wells Fargo, Kodiak
7/2/2008	DD	New Century liquidation plan to be confirmed; court overrules final objection
6/25/2008	DD	New Century requests third 'precautionary' exclusivity extension
6/24/2008	DD	New Century settlement dropping Bank of America claims expected to be approved this week
6/13/2008	DD	New Century reports $3.84 million April net loss
6/9/2008	DD	New Century asks court to OK settlement dropping five Bank of America claims by $20 million each
5/22/2008	DD	New Century requests second 'precautionary' exclusivity extension
5/21/2008	DD	New Century net loss falls to $15.85 million in March
5/20/2008	DD	New Century granted 'precautionary' 30-day exclusivity extension
4/28/2008	DD	New Century judge takes motion to approve plan of liquidation under submission
4/24/2008	DD	New Century hearing for approval of plan of liquidation to continue Friday
4/22/2008	DD	New Century seeks 'precautionary' extension of exclusive plan vote solicitation period
4/21/2008	DD	New Century looks to change Access Lending creditor distributions without new vote
4/15/2008	DD	New Century posts $7.59 million February net loss
3/26/2008	DD	New Century examiner investigation uncovers 'significant improper and imprudent practices'
3/19/2008	DD	New Century records $7.4 million January net loss
3/18/2008	DD	New Century disclosure statement approved; plan confirmation hearing April 24
3/6/2008	DD	New Century Positive Software claim settlement approved
2/22/2008	DD	New Century December net loss plummets to $1.15 billion
2/20/2008	DD	New Century settles Positive Software claim dispute
2/14/2008	DD	New Century $66 million tax refund release request dismissed
2/6/2008	DD	New Century gets court OK of $5.3 million settlement with GE
2/4/2008	DD	New Century files liquidation plan; unsecured creditors to share asset, litigation proceeds
1/29/2008	DD	New Century seeks exclusivity extension to clear up intercreditor issues
1/25/2008	DD	New Century examiner report filing deadline extended to Feb. 29
1/24/2008	DD	New Century $1.8 million mortgage loan sale approved
1/23/2008	DD	New Century receives one-month exclusivity extension to finalize plan documents
1/22/2008	DD	New Century reports $14.55 million November net loss
1/18/2008	DD	New Century interim examiner's report reveals cash collateral findings, misleading company statements
1/17/2008	DD	New Century creditors committee asks court to deny examiner report extension amid 'exorbitant' costs
1/10/2008	DD	New Century bid procedures approved for $1.8 million loan sale
1/10/2008	DD	New Century looks to name Jamie Lisac CFO following Tinsley resignation
1/9/2008	DD	New Century asks court to allow $5.33 million deficiency claim
1/9/2008	DD	New Century examiner looks to extend report filing deadline to March 17
1/2/2008	DD	New Century U.S. Trustee objects to attempt to keep examiner's report under seal
12/24/2007	DD	New Century sets bid procedures for sale of 46 mortgage loans
12/20/2007	DD	New Century gets one-month exclusivity extension
12/19/2007	DD	New Century reports $17.78 million October net loss
12/14/2007	DD	New Century reviewing more than $32 billion in claims; no shareholder recovery expected
11/29/2007	DD	New Century seeks one-month exclusivity extension
11/20/2007	DD	New Century posts $28.86 million September net loss
10/18/2007	DD	New Century posts $21.83 million August net loss
10/16/2007	DD	New Century examiner receives court OK to interview former officers, directors
10/10/2007	DD	New Century examiner report deadline extended to Jan. 15
10/3/2007	DD	New Century asks court to order former officers and directors to agree to interviews
9/28/2007	DD	New Century directors resign from board
9/25/2007	DD	New Century reports $15.78 million July net loss
9/14/2007	DD	New Century residential mortgage loans sale approved
9/12/2007	DD	New Century June net loss improves to $207.24 million
9/5/2007	DD	New Century examiner needs six more months to complete investigation
8/27/2007	DD	New Century gets court OK of bid procedures for $49.44 million sale of mortgage loans
8/22/2007	DD	New Century receives court OK of settlement with DB Structured Products
8/9/2007	DD	New Century sets procedures for $40 million loan sale; $14 million earmarked for settlement payment
8/1/2007	DD	New Century granted 120-day exclusivity extension
7/26/2007	DD	New Century net loss plunges to $453.48 million in May
7/16/2007	DD	New Century requests 120-day exclusivity extension
7/5/2007	BKDDSS	New Century terminates DIP facility, completes $184 million servicing assets sale
6/18/2007	DD	New Century posts $4.34 million April net loss
6/13/2007	DD	New Century fires president and CEO, loan production executive VP
6/13/2007	DD	New Century asks court to okay sale of more mortgage loan assets
6/7/2007	DD	New Century U.S. Trustee gets court approval on appointment of examiner to study company's finances
6/5/2007	DD	New Century U.S. Trustee selects Missal as examiner candidate
6/1/2007	DD	New Century examiner to investigate 2005 financial misstatements
5/25/2007	DD	New Century U.S. Trustee looks to expand examination following news of 2005 misstatements
5/25/2007	DD	New Century amends servicing platform sale agreement to allow $5 million claim indemnification account
5/23/2007	DD	New Century plan beneficiaries' official committee appointment request denied
5/21/2007	DD	New Century granted court OK to sell servicing assets for $188 million
5/16/2007	DD	New Century settles loan buyer breach of contract suit
5/16/2007	DD	New Century U.S. Trustee to name examiner to study company's finances
5/15/2007	DD	New Century U.S. Trustee's request for Chapter 11 trustee denied; examiner may be appointed
5/10/2007	DD	New Century sells loan and residual interests for $58 million
5/8/2007	DD	New Century granted final approval for $150 million DIP facility
5/8/2007	DD	New Century granted court approval for loan and residual interest sale to Ellington
5/4/2007	DD	New Century cuts 73% of workforce following lack of loan origination platform bids
4/30/2007	DD	New Century unsecured creditors committee seeks documents linked to restated financials
4/27/2007	DD	New Century committee members look to continue securities trading, loan sales
4/26/2007	DD	New Century loan purchaser seeks access to funding and collection information
4/26/2007	DD	New Century gets court OK to hire Lazard Freres as financial adviser
4/26/2007	DD	New Century loan origination platform sale bid procedures approved
4/24/2007	DD	New Century final hearing on $150 million DIP facility continued to May 7
4/20/2007	DD	New Century servicing assets sale bid procedures approved
4/18/2007	DD	New Century plan beneficiaries request official committee representation
4/17/2007	DD	New Century U.S. Trustee requests appointment of Chapter 11 trustee, cites financial misstatements
4/13/2007	DD	New Century loan and residual interest sale bid procedures approved
4/13/2007	DD	New Century non-debtor subsidiary seeks approval of asset sale to save company
4/11/2007	DD	New Century loan servicing asset sale bid procedures draw objections
4/10/2007	DD	New Century U.S. Trustee objects to bid protections for loan sale
4/10/2007	DD	New Century seeks approval of bid procedures for loan origination platform assets
4/9/2007	DD	New Century unsecured creditors committee appointed
4/9/2007	DD	New Century looks to hire Lazard as financial adviser
4/5/2007	DD	New Century gets interim approval for $150 million DIP; final hearing April 24
4/4/2007	DD	New Century sets bid procedures for $139 million servicing assets sale
4/3/2007	BKCVDDHY	S&P lowers New Century debt
4/3/2007	DD	New Century requests approval of bid procedures for $50 million loan and securitization interest sale
4/2/2007	BKDDSS	New Century files Chapter 11 bankruptcy, obtains commitment for $150 million DIP facility
3/30/2007	DDSS	New Century agrees to 90-day Ohio preliminary loan injunction
3/28/2007	DDSS	New Century voluntarily terminates Freddie Mac eligibility
3/20/2007	BKDDSS	New Century unit receives notice of breach and termination on Fannie Mae contracts
3/19/2007	BKDDSS	New Century receives more acceleration notices, cease-and-desist orders
3/15/2007	DD	Market Commentary: New Century up in subprime bounce; Technical Olympic sinks lower; Remy better
3/14/2007	BKDDSS	New Century unable to fund loans, stops taking applications; several states issue cease-and-desist orders
3/13/2007	BKDDSS	New Century default, termination notices piling up; SEC launches investigation
3/12/2007	CVDDHY	S&P cuts New Century to D
3/12/2007	BKDDSS	New Century lacks liquidity to meet loan repurchase obligations
3/9/2007	CVDDHY	S&P lowers New Century
3/5/2007	CVDDHY	S&P lowers New Century Financial

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