We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Subprime Lender Warns Of Possible Bankruptcy

Law360 (August 3, 2007, 12:00 AM EDT) -- Accredited Home Lenders Holding Co. may join the horde of subprime lenders that have sought bankruptcy protection because of deteriorating conditions in the non-prime market, according to the company's latest 10-K filing with the U.S. Securities and Exchange Commission.

The 10-K that Accredited Home Lenders filed on Thursday notes that as of mid-June, more than 50 non-prime mortgage lenders had failed and many others faced serious financial challenges, and says that Accredited Home Lenders cannot be sure that it will continue to operate as a going...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.