May 1, 2009 / 3:36 PM / 11 years ago

Lone Star's Accredited to file bankruptcy - source

NEW YORK, May 1 (Reuters) - Accredited Home Lenders, one of the largest providers of U.S. subprime mortgages during the housing boom, is filing for bankruptcy protection on Friday, said a source close to the matter.

San Diego, California-based Accredited is owned by U.S. private equity manager Lone Star Funds, which bought the lender in 2007 for $296 million. (Editing by James Dalgleish)

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