Hedge Fund Lends Accredited a Costly Hand

The subprime mortgage outfit received $200 million in financing Tuesday -- at an eye-popping rate of 13%

Accredited Home Lenders (LEND) announced on March 20 that it managed to get a $200 million loan, in spite of the financial difficulties it faces from its business lending mortgages to high risk borrowers. Investors sighed with relief and bid up the San Diego company's stock after the news.

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