John M. Robbins, the chairman and chief executive of American Residential Investment Trust Inc., San Diego, has submitted his resignation from the board of Accredited Home Lenders Holding Co., also based in San Diego.The reason given was to avoid any conflict of interest arising from the entry of ARIT's American Mortgage Network subsidiary into the subprime origination business. Mr. Robbins had been a director of Accredited since 1996. "It is our intent to have the board at its full complement of seven directors in the near future," said James A. Konrath, Accredited chairman and chief executive.
ARIT CEO Resigns Accredited Board
March 02, 2004, 3:00 p.m. EST 1 Min Read
