[movermike] movermike: Insolvency Rumors Circulating Around Accredited

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Posted by movermike:
Insolvency Rumors Circulating Around Accredited
http://www.movermike.com/posts/1186083214.shtml


   [lend]

   [1]Accredited Home Lenders Holding Co. (LEND) warned investors today
   in a federal filing that it faced the risk of insolvency.

     [2]LEND originates, finances, securitizes, services, and sells
     nonprime mortgage loans secured by residential real estate. It
     originates loans through independent mortgage brokers and direct
     sales force. Its wholesale channel originates nonprime mortgage
     loans through relationships with businesses that broker mortgage
     loans, including small mortgage bankers, local banks, and
     businesses that only broker mortgage loans.

   [3]Accredited Home Lenders Holding Co. (LEND) [4]Mortgages [5]Mover
   Mike

References

   1. http://investing.reuters.co.uk/news/articleinvesting.aspx?type=bankingFinancial&storyID=2007-08-02T190058Z_01_N02238043_RTRIDST_0_SP_PAGE_012-N02238043-OISBN.XML
   2. http://finance.yahoo.com/q/pr?s=LEND
   3. http://technorati.com/tag/Accredited+Home+Lenders+Holding+Co.+(LEND)
   4. http://technorati.com/tag/Mortgages
   5. http://technorati.com/tag/Mover+Mike