Monday, April 2, 2007

UPDATE 1-G. Thornton quits as Accredited, Fremont auditor

(Reuters) - The two lenders, Accredited Home Lenders Holding Co. and Fremont General Corp. , said separately that Grant Thornton had resigned as their auditor after advising them that it needed to "significantly expand" the scope of its audit of their 2006 financial statements.

Accredited, Fremont and other lenders to home buyers with weak credit histories have struggled in recent months amid rising defaults and a downturn in residential real estate.


Read more at Reuters.com Bonds News

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