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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (84797)	8/12/2007 9:41:08 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

Accredited Home Lenders Delays 10Q >LEND 6:10 PM EDT August 10, 2007 DOW JONES NEWSWIRES Accredited Home lenders Holding Co. (LEND) on Friday delayed filing its second-quarter report and said that it expected to report a net loss of $40 million to $60 million, compared with net income of $41 million in the year-ago period. According to a filing with the Securities and Exchange Commission, the company originated about $1.7 billion in mortgage loans in the U.S. and Canada during the quarter ended June 30, an amount that was 59% less than the $4.1 billion in the year-ago period. The San Diego mortgage company said it had total liquidity of about $240 million for the period, compared with total liquidity of about $316 million in the year-ago period. Accredited Home Lenders also has yet to file its first-quarter report, and said Friday it working to file the financials for both periods as soon as possible. -Yogita Patel, Dow Jones Newswires; 202-862-1343; yogita.patel@dowjones.com