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Accredited Home sinks 54 pct as cash falls short
Reuters   Tuesday, 13 March 2007

A housing development in California in an undated file photo. Accredited Home Lenders Holding Co., a U.S. subprime mortgage lender, said on Tuesday it needed to raise cash after paying $190 million demanded by its lenders, sending its shares down as much as 53.5 percent to a record low. (Mike Blake/Reuters)Reuters - Accredited Home Lenders Holding Co. , a U.S. subprime mortgage lender, said on Tuesday it needed to raise cash after paying $190 million demanded by its lenders, sending its shares down as much as 53.5 percent to a record low.
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