Accredited Touts Its Diversity as Key in Future Growth, Adds to Its ABCP Financing Line
September 15, 2006
While Accredited Home Lenders has bowed to market pressures and revised its business strategy, it remains focused on producing profits, the nonprime lender’s executives stressed during a Lehman Brothers presentation this week. The firm’s strength lies in its diversity, said Stu Marvin, executive vice president. Accredited originates loans in a balanced measure throughout the U.S., so it does not have as big a worry about being concentrated in geographic areas suffering a housing slump, he said.