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Accredited Rating Worse

#1 (permalink)

03-20-2007, 11:52 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

Posts: 1,837

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Accredited Rating Worse

Accredited Home Lenders Holding Co. received a $200 million loan commitment, according to an announcement Tuesday. Fitch Ratings immediately downgraded Accredited's residential subprime servicer rating. Among reasons cited by Fitch was Accredited's ability to remain viable.

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