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Mortgage lender drops eviction suit

CHICAGO, Oct. 10 (UPI) -- A mortgage lender Friday said it was dropping a lawsuit in Cook County, Ill., seeking to force a sheriff to begin evictions on foreclosed homes. Accredited Home Lenders filed the lawsuit after Sheriff Tom Dart announced this week that he does not intend to follow court orders to evict Shirley McFarland of Dolton, Ill., from her foreclosed home, even under the threat of contempt-of-court...

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Accredited Home Lenders Comments on Withdrawal of Petition Against Cook County, IL

Accredited Home Lenders Comments on Withdrawal of Petition Against Cook County, IL SAN DIEGO, Oct. 10 /PRNewswire/ -- Accredited Home Lenders today released the following statement: Upon further consideration of the facts surrounding this matter, we have decided to withdraw our petition against the County and have suspended our eviction action against our former borrower Shirley McFarland. SOURCE...

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Sheriff Dart Sued To Enforce Evictions

Cook County Sheriff Tom Dart, who made waves by announcing Wednesday he wouldn't enforce evictions of rent-paying tenants when the evictions were aimed at indebted landlords, was sued yesterday by Accredited Home Lenders so as to enforce Dart to move forward with such evictions. In a statement by attorneys, Accredited Home Lenders said: Sheriff Dart may have concerns about the orders that he is charged...

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Farewell, IndyMac: What's Next? (Part I)

Mike Stathis submits: On Friday, IndyMac (IMB) joined the long and growing list of bankrupt mortgage companies (Accredited Home Lenders, Novastar Financial, Fremont General and dozens of others) that have been taken down by what has already surpassed mortgage and bank losses of the Savings & Loan Crisis. While Indy marks only the sixth bank failure since the official start of the banking-real estate...

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Lehman Execs Summoned for Weekend Meetings

By Charles Gasparino Voltron says: The author is well known for spreading false rumors of bailouts and buyouts of mortgage insurer MBIA, which never panned out. The takeaway, though, is that Lehman execs are scrambling this weekend much like Countrywide, New Century, and Accredited Home Lenders executives did before their companies imploded. Senior executives at Lehman Brothers , the embattled Wall...

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Accredited Home Lenders Holding appoints new CEO

Accredited Home Lenders Holding and its subsidiary, Accredited Mortgage Loan REIT Trust, have announced that Jeff Walton has been named as CEO of the parent company.

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Accredited Home Lenders Closes Offices

Here is an email from Accredited: Dear Valued Brokers, In recent months, the associates at Accredited Home Lenders, Inc. (Accredited) have made great strides to carry the Company through the challenging business climate our industry is facing and to position Accredited for a successful future. Today, we will be taking steps that will further enable us to allocate our resources in the most efficient...

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Fitch Affirms Accredited's RMBS Primary Servicer Rating at 'RPS3-'; Off Watch Negative

NEW YORK - Fitch Ratings has affirmed Accredited Home Lenders, Inc.'s (AHL) residential primary servicer rating at 'RPS3-' for subprime product and subsequently removed it from Rating Watch Negative. These rating actions reflect AHL's experienced management team, estab

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Fitch Affirms Accredited's RMBS Primary Servicer Rating at 'RPS3-'; Off Watch Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Accredited Home Lenders, Inc.'s (AHL) residential primary servicer rating at 'RPS3-' for subprime product and subsequently removed it

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National Asset Direct Announces Addition of Three Seasoned Professionals from Accredited Home Lenders to Its Senior Management Team

SAN DIEGO--(BUSINESS WIRE)--National Asset Direct (“NAD”), a purchaser of distressed residential assets and loans, today announced

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National Asset Direct Announces Addition of Three Seasoned Professionals from Accredited Home Lenders to Its Senior … (Business Wire via Yahoo! Finance)

SAN DIEGO—-National Asset Direct , a purchaser of distressed residential assets and loans, today announced the addition of Ray Schalk, Melissa Dant and Jill Parker, all formerly of Accredited Home Lenders, to its senior management team.

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Subprime lender Accredited plans comeback

LAS VEGAS (Reuters) - Accredited Home Lenders, a top subprime mortgage loan company in 2007 whose risky practices forced it to stop lending and slash its staff, is again reaching out to borrowers with sketchy credit even as the housing downturn deepens.

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Subprime lender Accredited plans comeback

LAS VEGAS (Reuters) - Accredited Home Lenders, a top subprime mortgage loan company in 2007 whose risky practices forced it to stop lending and slash its staff, is again reaching out to borrowers with sketchy credit even as the housing downturn deepens.

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Accredited faces suits from ex-employees

Embattled Accredited Home Lenders faces class-action lawsuits from former employees who allege the troubled subprime mortgage firm didn't provide required advance notice before laying off 1,600 workers nationwide in August, according to filings with securities regulators.

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    I was an employee who was laid off with no notice in March 2007

    I would like to know the firm representing this class action law suit.

    anonymous - 11/01/2008

     
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