 New York Daily News | Subprime mortgage sector rattles markets, triggers probes MSN Money - NEW YORK (Reuters) - US financial markets were rattled by news on Tuesday that late payments on US mortgages had reached their highest level in 3-1/2 years, while regulators began a probe of subprime mortgage lending and called for legislation. Creditors cut funding to New Century New Century Says US SEC Opens Probe, Seeks Papers (Update1) |