We formed Accredited Home Lenders, Inc. as a California corporation in May 1990
under the name Preferred Home Lenders, Inc. We changed our name to MSK Financial
Services, Inc. in July 1990, and to Accredited Home Lenders, Inc. in October
1995. In February 2003, we reorganized our company such that Accredited Home
Lenders, Inc. became a wholly-owned operating subsidiary of Accredited Home
Lenders Holding Co., a Delaware corporation. Shortly after the reorganization,
Accredited Home Lenders Holding Co. completed its initial public offering and
became listed on the NASDAQ National Market under the symbol “LEND.”



Description of Our Business



We are a nationwide mortgage banking company that originates, finances, sells,
securitizes and services non-prime mortgage loans secured by residential real
estate.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2004%2f03%2f26%2f0001193125-04-050912.html#FIS_BUSINESS"