Thursday, August 23, 2007

Accredited Home to cut 1,600 jobs; halts lending (Reuters via Yahoo! News)

Accredited Home Lenders Holding Co 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.

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[Source: Yahoo! News Search Results for home equity loan]

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