Alabama industry appointments update - 07/06/2006

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.