Real Estate Central

SAN DIEGO, June 6 /PRNewswire/ — Accredited Home Lenders Holding Co.
(”Accredited” or the “Company”) and its subsidiary, Accredited Mortgage
Loan REIT Trust (Pink Sheets: AHHAP) (”REIT”), today announced that Jeff
Walton has been named as Chief Executive Officer of the Company, effective
immediately.

Mr. Walton replaces Jim Moran, who has served as interim Chief
Executive Officer since February 2008.

“Jeff is a highly experienced and proven executive with the right
qualities to lead Accredited during the current market environment as we
move forward,” said Len Allen, Lone Star Funds’ Senior Managing Director of
U.S. operations, which holds Accredited and other mortgage operations in
its portfolio.

“This is a tremendous opportunity and I’m delighted to lead
Accredited,” said Mr. Walton. “While there is a lot of work ahead as the
company enhances its product mix and retools for operational efficiencies,
I am excited and energized by the enormous potential I see at Accredited. I
look forward to working with Accredited’s team to increase the
opportunities available to our sales force, and position us for greater
success.”

Mr. Walton brings 25 years of experience in the mortgage industry.
Previously, Mr. Walton served as President, CEO and Senior Managing
Director of Bear Stearns Residential Mortgage Corporation (”BSRMC”), where
he was directly responsible for building and growing the company’s
wholesale and retention platform under a low-cost to produce business
model. Prior to launching BSRMC, Mr. Walton served as President of the
Mortgage Division for First National Bank of Arizona and First National
Bank of Nevada. Additionally, Mr. Walton has held various senior management
and Board positions in his career with Bank of Arizona, Bank of New Mexico,
Norwest Mortgage and Metropolitan Federal Bank, where he started his
career. Mr. Walton earned a Bachelor of Science Degree in Finance from
Arizona State University, where he graduated with Honors.

About Accredited Home Lenders Holding Co.

Accredited Home Lenders Holding Co. is the parent company of Accredited
Home Lenders, Inc., a mortgage company operating throughout the U.S.
Accredited Home Lenders, Inc. is in the business of originating, financing,
securitizing, servicing, and selling mortgage loans secured by residential
real estate. Founded in 1990, the company is headquartered in San Diego.
Additional information may be found at http://www.accredhome.com.

About Accredited Mortgage Loan REIT Trust

Accredited Mortgage Loan REIT Trust, a subsidiary of Accredited Home
Lenders, Inc., is a Maryland real estate investment trust formed in May
2004 for the purpose of acquiring, holding and managing real estate assets.

About Lone Star Funds

Lone Star Funds is a leading U.S. private equity firm. Since 1995, the
principals of Lone Star Funds have organized private equity funds totaling
more than $13.3 billion to invest globally in corporate secured and
unsecured debt instruments, real estate related assets and select corporate
opportunities. Additional information may be found at
http://www.lonestarfunds.com.



Media Contact:
Ed Trissel or Jaime Wert
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
etrissel@joelefrank.com or jwert@joelefrank.com

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[Via Real Estate Newswire]