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Home » Store » Taxable » New IPO Accredited Home Loans Builds Subprime Mortgage Strategy on Quality and Profitability

New IPO Accredited Home Loans Builds Subprime Mortgage Strategy on Quality and Profitability

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While mainstream mortgage companies have moved aggressively into the subprime market in recent years, investors think there is still room for carefully managed independent finance companies. Accredited Home Lenders, a San Diego-based mortgage banker, last week completed an initial public stock offering that netted the company $77.2 million that officials plan to use to grow the business. The company reported $4.3 billion in mortgage originations in 2003, making it the 13th largest lender in
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