Top 15 Creditors to New Century

Goldman Sachs has emerged as the single biggest creditor of New Century, the American sub-prime mortgage lender, which filed for Chapter 11 bankruptcy last night, after writing $60 billion (£30.4 billion) of American home loans.

Barclays, the British bank, is at No 15 in the list of top 50 creditors. HSBC, which is already directly exposed to turmoil in the sub-prime market through its US sub-prime lending subsidiary, is at No 22.

Here’s the top lenders to New Century, which prior to their Chapter 11 bankruptcy filing, had borrowed over $60 billion to underwrite sub-prime home loans.

Top 15 Creditors (by Size) to New Century

1. Goldman Sachs Mortgage Company (GS)

2. Credit Suisse First Boston Mortgage Capital LLC (CS)

3. Credit-Based Asset Servicing and Securitization LLC

4. Morgan Stanley Mortgage Capital (MS)

5. DB Structured Products

6. Deutsche Bank (DB)

7. Bank of America (BAC)

8. UBS Real Estate Securities (UBS)

9. Lehman Brothers Bank FSB (LEH)

10. Countrywide (CFC)

11. Citigroup Global Markets Realty (C)

12. Residential Funding Corporation

13 SG Mortgage Finance

14. IXIS Real Estate Capital

15. Barclays Bank (BCS)