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Can you guess New Century’s Most Valuable Asset?

by Morgan on March 28, 2007

From MarketWatch.com:

The New York Times reported Wednesday that the Irvine, Calif., company’s trying to find financing that would allow it to reorganize under Chapter 11 status or sell itself through a prepackaged bankruptcy filing.
New Century’s most valuable asset, the Times said, is the software platform it uses to make loans.
The former number two subprime lender’s most valuable asset is now its software.  Amazing.

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