Accredited Home to cut 1,600 jobs; halts lending
Story date: 2007-08-22 05:29:00
Added on: 2007-08-22 18:35:03
Washington Post - NEW YORK (Reuters) - Accredited Home Lenders Holding Co (LEND.O) said on Wednesday it will shut most of its mortgage business to help survive turmoil in subprime lending, and eliminate 1,600 jobs, or 62 percent of its work force. The mortgage lender ...
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