who acquired accredited home lenders
In June, Accredited Home Lenders asked to sell the mortgage servicing platform to Vericrest for $250,000. Vericrest is owned by private equity manager Lone Star Funds, which acquired Accredited Home Lenders in 2007 for $296 million. The deal was criticized by creditors, including JPMorgan Chase Bank NA and two structured investment vehicles owned by Kodiak Funding LP, which tried to block the sale.