Two Subprime Lenders Find Help

Accredited finds a fire-sale buyer for its discounted mortgage portfolio, while Fremont arranges key financing

The mortgage lenders Fremont General Corp. (FMT) and Accredited Home Lenders Holding Co. (LEND) suggested on March 16 that they've been making headway in their battles to obtain financing. Investors, who have fled the high-risk mortgage industry during recent weeks, bid up both company's shares in response.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.