Accredited: No new mortgages

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News item: ‘Accredited Home Lenders Holding Co. will slash its workforce by more than half and stop accepting new mortgage applications in the U.S. as it struggles to survive in the troubled home lending industry, the company said Wednesday. ...San Diego-based Accredited ... said it will cut about 1,600 of its 2,600 positions and close 65 branches.’

Our take: Some days it feels like we’re watching ‘The Terminator’ on fast forward.

Your take? Email story tips to lalandblog@yahoo.com.