Lone Star announced today that it is extending its offer to buy all outstanding shares of common stock of Accredited Home Lenders until 12:00 midnight on September 12, 2007, in accordance with Lone Star’s obligations under the merger agreement with the Company. On August 10th Lone Star amended its Tender Offer Statement indicating that it had not satisfied all conditions of the original offer citing such things as drastic deterioration of the financial condition of Accredited.

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