August 10, 2007 / 9:07 PM / 11 years ago

Accredited Home sees up to $60 mln loss for quarter

NEW YORK (Reuters) - Accredited Home Lenders Holding Co. LEND.O said on Friday it expects to post a net loss of $40 million to $60 million for the second quarter, citing lower margins and adverse market conditions.

The company said in a filing it could face additional losses, because at the end of the second quarter it held $1 billion of loans for sale, and the value of those loans has fallen.

Reporting by Dan Wilchins

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