Market Watch - "Analysts warn New Century may not survive" (3-5-07)

"Several analysts agreed Monday that New Century Financial Corp., one of the nation's largest subprime mortgage lenders, likely faces liquidation or bankruptcy following revelations that it's under criminal investigation and in violation of debt covenants with several lenders."

Reuters - "New Century sheds 70 percent" (3-5-07)

"New Century Financial Inc. (NEW.N: Quote, Profile, Research) shares fell more than 70 percent on Monday amid worries it might go bankrupt, as mounting fears over defaults triggered a broad sell-off in mortgage lenders."

Yahoo! - "Fremont General Stock Falls on Sale News" (3-5-07)

"Fremont General Stock Falls to 52-Week Low on News of Sale of Subprime Business"

Bloomberg - "Lehman Cuts Prime Mortgage Lenders on Default Risks (Update3)" (3-5-07)

"Lehman Brothers Holdings Inc. cut its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in defaults may be spreading beyond the riskiest loans."

Business Week - "Another Stumble for Subprime Lenders" (3-5-07)

"Stocks in the sector dropped Monday as New Century Financial announced more financing woes and a probe of its trading practices"

Smart Money - "Analysts Raise Specter of New Century Bankruptcy" (3-5-07)

" When Wall Street starts using terms like "death spiral" to describe the prospects of an already beleaguered subprime lender, the question isn't will the stock drop but rather when — and if — it'll ever stop falling."

Modesto Bee - "There is a lot of coming, going in valley" (3-5-07)

"Some relocating from Bay Area in search of lower housing cost"