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Accredited Home Lenders' Profit Rises
Accredited Home Lenders(LEND Quote) posted a net profit of $31.3 million, or $1.43 per diluted share for the quarter ended March 31, compared with $22.5 million or $1.05 a year ago.
The company, which specializes in non-prime residential mortgages, attributed this gain largely to increases in net interest income and a gain on the sale of loans.
Analysts had estimated net income of $1.38 per share. ...
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