Accredited Names Jeff Walton as Chief Executive Officer

SAN DIEGO, June 6 /PRNewswire/ -- Accredited Home Lenders Holding Co.
("Accredited" or the "Company") and its subsidiary, Accredited Mortgage Loan
REIT Trust (Pink Sheets: AHHAP) ("REIT"), today announced that Jeff Walton has
been named as Chief Executive Officer of the Company, effective immediately.
Mr. Walton replaces Jim Moran, who has served as interim Chief Executive
Officer since February 2008.
"Jeff is a highly experienced and proven executive with the right
qualities to lead Accredited during the current market environment as we move
forward," said Len Allen, Lone Star Funds' Senior Managing Director of U.S.
operations, which holds Accredited and other mortgage operations in its
portfolio.
"This is a tremendous opportunity and I'm delighted to lead Accredited,"
said Mr. Walton. "While there is a lot of work ahead as the company enhances
its product mix and retools for operational efficiencies, I am excited and
energized by the enormous potential I see at Accredited. I look forward to
working with Accredited's team to increase the opportunities available to our
sales force, and position us for greater success."
Mr. Walton brings 25 years of experience in the mortgage industry.
Previously, Mr. Walton served as President, CEO and Senior Managing Director
of Bear Stearns Residential Mortgage Corporation ("BSRMC"), where he was
directly responsible for building and growing the company's wholesale and
retention platform under a low-cost to produce business model. Prior to
launching BSRMC, Mr. Walton served as President of the Mortgage Division for
First National Bank of Arizona and First National Bank of Nevada.
Additionally, Mr. Walton has held various senior management and Board
positions in his career with Bank of Arizona, Bank of New Mexico, Norwest
Mortgage and Metropolitan Federal Bank, where he started his career. Mr.
Walton earned a Bachelor of Science Degree in Finance from Arizona State
University, where he graduated with Honors.
About Accredited Home Lenders Holding Co.
Accredited Home Lenders Holding Co. is the parent company of Accredited
Home Lenders, Inc., a mortgage company operating throughout the U.S.
Accredited Home Lenders, Inc. is in the business of originating, financing,
securitizing, servicing, and selling mortgage loans secured by residential
real estate. Founded in 1990, the company is headquartered in San Diego.
Additional information may be found at www.accredhome.com.
About Accredited Mortgage Loan REIT Trust
Accredited Mortgage Loan REIT Trust, a subsidiary of Accredited Home
Lenders, Inc., is a Maryland real estate investment trust formed in May 2004
for the purpose of acquiring, holding and managing real estate assets.
About Lone Star Funds
Lone Star Funds is a leading U.S. private equity firm. Since 1995, the
principals of Lone Star Funds have organized private equity funds totaling
more than $13.3 billion to invest globally in corporate secured and unsecured
debt instruments, real estate related assets and select corporate
opportunities. Additional information may be found at www.lonestarfunds.com.
Media Contact:
Ed Trissel or Jaime Wert
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
etrissel@joelefrank.com or jwert@joelefrank.com

SOURCE Accredited Home Lenders Holding Co.

Ed Trissel, etrissel@joelefrank.com, or Jaime Wert, jwert@joelefrank.com, both
of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, for Accredited
Home Lenders Holding Co.