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Subprime Lender Stops Loans, Slashes Workforce

By Ben James (August 22, 2007, 12:00 AM EDT) -- Accredited Home Lenders Holding Co. has stopped accepting new U.S. loan applications, will cut its workforce by more than half and shutter its 60 retail branches as well as five of the company's ten wholesale divisions in response to tumultuous conditions in the subprime mortgage industry....

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