Accredited absorbs Aames wholesale platformMortgagePress.comWholesale mortgage lending
Accredited Home Lenders Holding Company has taken over Aames
Investment Corporation's wholesale division as part of an agreement
between the two companies reached on June 23.
The acquisition was designed to reduce employee attrition and
maximize the expected synergies from the combination of both
companies' wholesale operations that otherwise would have occurred
during the general merger of Accredited and Aames, which is
expected to be completed during the third quarter.
San Diego-based Accredited Home Lenders Holding Company is a
mortgage company that originates, finances, securitizes, services
and sells non-prime mortgage loans secured by residential real
estate. For more information, call (866) 858-5363 or visit www.accredhome.com.
Los Angeles-based Aames Investment Corporation is a mortgage
real estate investment trust, which originates mortgage loans
through its subsidiary, Aames Financial Corporation. For more
information, call (800) 914-9047 or visit www.aames.com.