I loved dealing with New Century. Their process was smooth, their guidelines were easy to understand, and they made homeownership possible for a lot of clients that otherwise wouldn't have been able to get a loan...including my personal assistant.

I feel bad that negligence, bad lending policy and depreciation have made sub-prime go bye-bye. There's a time and a place for sub-prime lending.

It's a huge, sad, story and people are still arguing about who the villains are. But I had a lot of friends at that company who didn't get rich and who can't find work because of the slowdown.