Accredited Home Sale To Vericrest Gets Judge's OK
In an order Friday, Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware approved the deal.
In June, Accredited Home Lenders asked to sell the mortgage servicing platform to Vericrest for $250,000. Vericrest is owned by private equity manager Lone Star Funds, which acquired Accredited Home Lenders in 2007 for $296 million.
The deal was...
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