CMT Team·General·March 6, 2007Subprime Panic There’s blood in the streets for high risk U.S. mortgage lenders. America’s second largest subprime lender, New Century Financial (NEW), lost 69% of its value today as investors sold in panic. Unconventional mortgages, which account for over 1 in 8 U.S. mortgages, have led to the demise of 31 U.S. lenders in the last 3-4 months alone according to the Implode-O-Meter. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.