Stories tagged with Bowers Espy
Meyerson leaves Accredited
By Gary Jacobson | August 31, 2007 at 3:36pm | 0 
Accredited Home Lenders, the troubled mortgage company with two former S&L regulators on its board, lost a key director this week.
A. Jay Meyerson, the former CEO of Aames Investment Corp., resigned effective immediately. Meyerson joined Accredited board’s last October, when Accredited acquired Aames.
Thursday, a day after Meyerson resigned, Lone Star Fund informed Accredited that it was lowering the price of its takeover offer to $8.50 a share. In June, Lone Star offered $15.10 a share.
Accredited directors were once S&L regulators
By Gary Jacobson | August 23, 2007 at 4:14pm | 0
Accredited Home Lenders Holding Co., a major subprime lender, said Wednesday it would close 65 branches around the country and fire 1,600 workers as the mortgage meltdown continues to spread.
For at least two of the company’s directors, it must have seemed like deja vu all over again.
Richard Pratt and Bowers Espy were S&L regulators in the early 1980s as that industry was in crisis.
