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Option ARMs Remain Popular Despite Risks and Higher Rates  Lenders are continuing to issue large numbers of option adjustable-rate mortgages in spite of regulators' concerns. Borrowers have been attracted to these loans because of their low introductory rates, which

March 22nd, 2007

New Century to see release from Barclays repurchase obligation

In the filing, New Century said its subsidiaries agreed to release their rights to outstanding mortgage loans that had been financed under the original terms of its agreement with Barclays.
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