Accredited Home Lenders' Announces Resignation of Finance Chief

Accredited Home Lenders Holding said on Thursday that Chief Financial Officer John Buchanan is resigning effective Aug. 31.

The company disclosed the resignation in a filing with the Securities and Exchange Commission.

Accredited, a San Diego-based subprime mortgage specialist, previously said it stopped taking loan applications and would shut most of its retail and wholesale operations by Sept. 5.

Shares of Accredited Home ended Thursday's session up 4.6% after Countrywide Financial, the largest mortgage lender in the United States, said Bank of America invested $2 billion.

Contact U.S. News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • Apple's growth in China grew 70 percent year-over-year this quarter. Ramon Llamas, IDC, reacts to the tech giant's Chinese expansion.

  • Powerful private-equity firm TPG is filing suit against former company spokesman, Adam Levine for allegedly leaking confidential company information. Details, with CNBC's Kate Kelly.

  • Neil Doshi, CRT Capital, makes sense of Facebook's downward stock action following an earnings beat.