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Reload this Page Subprime lender Accredited in deal to sell loans (Reuters)
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Old 03-16-2007, 12:47 AM
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Ron Burgundy Ron Burgundy is offline
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Subprime lender Accredited in deal to sell loans (Reuters)
U.S. subprime mortgage lender Accredited Home Lenders Holding Co. said it reached an agreement to sell $2.7 billion of loans at a substantial discount to alleviate pressures from margin calls.

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Old 03-16-2007, 01:32 AM
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Well, this is actually good news. The market is adjusting so now I guess it's a matter of whether or not it can adjust well enough and quickly enough to avoid any huge burst in the so-called "credit bubble" on a large scale.
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