Accredited Home Lenders Holding Co., San Diego, has reported an increase in the size of its asset-backed commercial paper conduit from $1.0 billion to $2.5 billion.The company said the conduit is issued through its subsidiary Carmel Mounting Funding Trust, a special-purpose, bankruptcy-remote entity formed by Accredited Home Lenders Inc., a wholly owned subsidiary of the parent company. The conduit finances subprime mortgage loans originated by Accredited Home Lenders Inc. through the issuance of extendible asset-backed commercial paper and subordinated debt. "Increasing the size of this facility provides us with additional origination funding capacity at more favorable rates than traditional warehouse lines," said James Konrath, Accredited's chairman and chief executive officer. The company can be found online at http://www.accredhome.com.

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