Accredited Home Lenders Holding Co., a nonprime nationwide mortgage lender, has reported net income of $130.8 million for 2004, an increase of 30.8% over $100 million in 2003.Total revenue for the year increased 51.8%, to $660.7 million from $435.2 million the prior year. Net income for the fourth quarter totaled $38.1 million ($1.76 per share), an increase of 27.1% from $30 million for the same period in 2003. Chairman and chief executive officer James Konrath said the company experienced "outstanding portfolio results as measured by 30-plus-day delinquency and annualized loss results." Mortgage origination volume totaled $12.4 billion in 2004, compared with $8 billion in 2003, an increase of 56.1%. Origination volume for the fourth quarter equaled $3.5 billion, surpassing the company's previous record of $3.4 billion in the second quarter of 2004, the company said. Portfolio income totaled $166 million in 2004, compared with $82.3 million in 2003, an increase of 101.7%.

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