Accredited Home Lenders Announces Two New Board Members.Photo Editors/Business Editors NOTE TO MEDIA: Multimedia assets available Photos are available at URLs: http://www.businesswire.com/cgi-bin/photo.cgi?pw.031203/bb10 http://www.businesswire.com/cgi-bin/photo.cgi?pw.031203/bb10a SAN DIEGO--(BUSINESS WIRE)--March 12, 2003 Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Home Lenders Holding Co. (Nasdaq: LEND) today announced the addition of Dr. Richard T. Pratt and Captain Gary M. Erickson to its board of directors. The appointment of two additional directors increases the company's board size to seven, including two employee directors. Dr. Pratt, 66, is Chairman of Richard T. Pratt Associates, a Salt Lake City- based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a he founded in 1992. Mr. Erickson, 51, is a Captain in the U.S. Navy and in command of Naval Reserve Readiness Command Southwest headquartered in San Diego. He has been a director of Accredited Home Capital Inc., an indirect subsidiary, since 1995. "We are extraordinarily fortunate to get directors of such high caliber and practical experience as Richard Pratt and Gary Erickson," said James Konrath, Chairman and Chief Executive Officer of Accredited Home Lenders. "They will be tremendous assets as we grow and go forward, as well as offer objective voices." A native of Salt Lake City, Dr. Pratt served as Chairman of the Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, privately owned, government-sponsored organization that uses private capital to buy home mortgages as a means to help lower housing costs. , Federal Savings and Loan Insurance Corporation The Federal Savings and Loan Insurance Corporation (FSLIC) is a now-defunct institution that once administered deposit insurance for savings and loan institutions in the United States. (FSLIC FSLIC abbr. Federal Savings and Loan Insurance Corporation ) and the Federal Home Loan Bank Board (appointed by President Ronald Reagan) from 1981-83. He later was Chairman of Merrill Lynch Mortgage, Inc. (1983-91) and Managing Director of Merrill Lynch's Financial Institutions Group (1991-94). In addition, he was a Professor of Finance at the David Eccles School of Business at the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. (1966-97). Dr. Pratt holds a B.S. in Finance (1960) and an M.B.A. (1961) from the University of Utah and a D.B.A. from Indiana University (1966). He has been a Director of American Residential Investment Trust Inc., in San Diego, since 1997 and of Salt Lake City-based Celtic Bank, since 2001. A native of Salem, Oregon, Captain Erickson has served in the Navy since 1974. He has commanded a guided missile frigate frigate (frĭg`ĭt), originally a long, narrow nautical vessel used on the Mediterranean, propelled by either oars or sail or both. Later, during the 18th and early 19th cent. , a destroyer squadron and has served as the Deputy Commander and Chief of Staff for the Commander, Naval Surface Forces, U.S. Pacific Fleet based in San Diego. He holds a bachelor's degree in biology from Willamette University (1973), a J.D. from the Lewis & Clark Law School, Portland, OR (1983) and an LL.M LL.M Legum Magister (Master of Laws) . from the University of San Diego School of Law The University of San Diego School of Law, commonly referred to as USD Law, is a law school in San Diego, California. USD Law offers Juris Doctor degrees as well as LL.M. degrees in taxation law, international law, business and corporate law, and comparative law (for non-U. (1992). Mr. Erickson is a member of the State Bars of California and Oregon. Accredited Home Lenders Holding Co. is a nationwide mortgage banking company that originates, finances, sells, securitizes and services subprime mortgage loans secured by single-family residences. The company is headquartered in San Diego. Additional information may be found at www.accredhome.com. Photos are available at URLs: http://www.businesswire.com/cgi-bin/photo.cgi?pw.031203/bb10 http://www.businesswire.com/cgi-bin/photo.cgi?pw.031203/bb10a |
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