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» Accredited Halts Lending, Delta Struggles As Subprime Shakeout Continues
Accredited Halts Lending, Delta Struggles As Subprime Shakeout Continues
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The subprime struggle continues. Accredited Home Lenders this week ceased lending and laid off 1,600 of its 2,600 employees. The move certainly throws a kink into the already contentious negotiations between the lender and private-equity firm...