New Century Financial filed 8-Ks stating that credit providers have pulled the plug on the company and its two affiliated asset-backed commercial paper (ABCP) programs. "The Company relies on short-term repurchase agreements and aggregation credit facilities and an asset-backed commercial paper facility to fund mortgage loan originations and purchases pending the pooling and sale of such mortgage loans," says a March 12 filing. We don't find any money fund filings showing New Century asset-backed vehicles St. Andrew Funding Trust and Von Karman Funding. So money market investors likely have little to fear. But the situation remains in flux.

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