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Accredited Home Lenders' Announces Resignation of Finance Chief
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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 [LEND
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] 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.
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