Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (245335)	6/13/2003 11:44:42 AM
From: Perspective	Read Replies (2) of 436258

This looks like a great long-term business plan. Can't imagine why the insiders are getting out of this business <s> At PE of 10, it must be a gift... biz.yahoo.com Accredited Home Lenders Holding Company is a nationwide mortgage banking company that originates, finances, sells, securitizes and services subprime mortgage loans secured by single-family residences. The Company focuses on borrowers who do not meet conforming underwriting guidelines because of higher loan-to-value ratios, the nature or absence of income documentation, limited credit histories, high levels of consumer debt or past credit difficulties. It originates loans primarily based upon the borrower's willingness and ability to repay the loan and the adequacy of the collateral. Accredited Home's management team has developed incentive programs, technology tools and business processes that focus its employees on originating subprime mortgage loans with the financial and other characteristics that generate profits for the Company. BC

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