According to a contact at the company, Accredited Home Lenders has ceased operations permanently in Canada. Apparently it was effective Friday and supposedly everyone has been laid off.
Their website seems to have been taken down as well.
Accredited Home Lenders Canada was a subsidiary of U.S.-based Accredited Home Lenders Holding Co. The company specialized in Alt-A and subprime mortgages and billed itself as the “common sense” lender.
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