Trading in New Century Financial ( NEW) was halted Monday so the New York Stock Exchange could review the subprime lender's listing status. This pulled down others in the sector, such as Accredited Home Lenders ( LEND), which lost a quarter of its value, falling $3.95 to $11.83 -- well under last week's $16.06 low point.

Fremont General ( FMT) also sank $1.20, or 14.9%, to $6.83, and NovaStar Financial ( NFI) slid 69 cents, or 13.2%, to $4.55.

Countrywide Financial ( CFC) lost ground as well, after predicting volatile near-term earnings due to current trends in the subprime sector. The firm said it shaved about 8% off its February subprime loan fundings from last year to $2.6 billion, which comes to roughly 7% of Countrywide's total mortgage loan fundings. Shares were losing $1.42, or 3.9%, to $34.68.

OceanFirst Financial ( OCFC), a New Jersey-based savings bank, was also caught in the subprime landslide after announcing that its full-year 2006 earnings report, issued Jan. 18, didn't include a reserve for subprime-loan repurchasing in the event of early payment default. The bank will need to revise its numbers accordingly. Shares were down 90 cents, or 4.4%, to $19.70.

InterContinental Exchange ( ICE) was higher on word the commodities exchange will launch an electronic-trading platform for the New York Board of Trade in April. Shares were adding $2.26, or 1.7%, to $133.26.

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