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Thursday, Mar 28, 2024
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Accredited Home to Cut 1,600 jobs, Halts Lending

Accredited Home Lenders Holding Co. said on Wednesday it had stopped taking U.S. mortgage applications and would eliminate 1,600 jobs, or 62% of its work force, to cope with turmoil in subprime lending.

*For more on this story,

read the full Reuters article.

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