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Major Accredited Shareholder Cuts Stake 

Aug 16, 2007By

In a filing with the SEC this morning, Accredited Home Lenders Holding Co. disclosed that a key shareholder has cut bait on the company. Accredited’s filing with regulators said that Silver Point Capital cut its passive stake in the subprime mortgage lender to 4.04 percent from 10.29 percent. Silver Point Capital now owns roughly 1.0 million shares, down from the 2.6 million disclosed in a filing dated June 22.

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Updated 11 months ago