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Impact of Sub-Prime Hits the UK
Barclays has issued a default notice to New Century Financial for $900m owed financing sub-prime mortgages
15.03.07
Telegraph
Nearly 60% of new mortgages in the UK are sub-prime, low-grade borrowers and buy-to-let, now accounts for a third of total market
Telegraph
Massachusetts Secretary of State William F. Galvin had ordered UBS and Bear Stearns to turn over documents on subprime lenders, including New Century
NY Times
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