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Updated from 4:52 p.m.
New Century (NEW Quote) got $265 million in financing, calming rabid speculation on Wall Street that a bankruptcy filing was imminent.
But the Irvine, Calif., lender to homebuyers with poor credit histories said in a regulatory filing it had stopped accepting loan applications as its banks clamp down on the company's borrowing. New Century said it "has only been able to fund a portion of its loans this week," and "its capacity to fund new originations is substantially limited due to its lenders' restrictions or refusals" to extend credit. ...
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