Things have been looking better on the stock market for Accredited Home Lenders, the San Diego-based mortgage lender specializing in loans to consumers with poor credit.

Accredited’s stock price closed at $9.43 Thursday, up almost 60 percent from the day before, according to MarketWatch.

Tuesday, the lender’s stock took a sharp dive to close at $3.97, a 52-week low, after executives announced that the lender would have to layoff employees and may need to raise more money to cover potentially bad loans. The stock is still down more than 66 percent over the last month, with investors concerned about the health of those poor-credit loan makers, also called subprime mortgage lenders.


Leave a comment

We expect all commenters to be constructive and civil. We reserve the right to delete comments without explanation. You are welcome to flag comments to us. You are welcome to submit an opinion piece for our editors to review.

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.