Mortgage lender hurt by sub-prime loans - 2007-02-15
Accredited Home Lenders Holding Co. posted a fourth-quarter loss three times larger than Wall Street had anticipated, hurt by higher delinquencies and costs to integrate another sub-prime lender it bought in October. San Diego-based Accredited also declared it was willing to lose market share rather than compete aggressively for loans that were more likely to default.
Read the full story at Los Angeles Times