Accredited Files Form 15 to Deregister REIT Preferred Shares

Accredited Home Lenders Holding Co. ("Accredited" or the “Company”) and its subsidiary, Accredited Mortgage Loan REIT Trust (formerly NYSE: AHH-PrA) ("REIT"), announced today that each has filed a Form 15 with the Securities and Exchange Commission (the “SEC”) with respect to REIT’s 9.75% Series A Perpetual Cumulative Preferred Shares (par value $1.00 per share, CUSIP 00438G 20 5) (the "Preferred Shares") and Accredited’s guarantee thereof (the “Guarantee”). The Preferred Shares were delisted from the New York Stock Exchange with a final trading day of November 7, 2007, and the filing of the Form 15’s begins the deregistration of the Preferred Shares and the Guarantee under the Securities Exchange Act of 1934 (the “Exchange Act”). The filing of the Form 15’s suspends certain reporting obligations under the Exchange Act, including the obligation to file Forms 10-K, 10-Q and 8-K.

Accredited and REIT currently intend to make financial and other information available periodically to its shareholders via Accredited’s website, www.accredhome.com, as well as to continue to hold annual meetings for REIT.

The delisting of the Preferred Shares and the deregistration of the Preferred Shares and the Guarantee will not have any affect on the terms or conditions of the Preferred Shares or the Guarantee, including the dividend payable on the Preferred Shares and Accredited’s guarantee thereof.

REIT is in the process of establishing a broker-dealer as a market maker in the Preferred Shares and enabling the Preferred Shares to be quoted by the Pink Sheets Electronic Quotation Service (the “Pink Sheets”). The Pink Sheets is a centralized quotation service that collects and publishes market maker quotes in real time, primarily through its website at www.pinksheets.com. REIT anticipates it will take approximately two to three weeks before the Preferred Shares are quoted in the Pink Sheets. While REIT expects this to be accomplished in the near term, there can be no assurance that REIT will be able to satisfy the requirements for quotation in the Pink Sheets.

About Accredited Home Lenders Holding Co.

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

About Accredited Mortgage Loan REIT Trust

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

Forward Looking Statements

Certain matters discussed in this news release, including without limitation the perceived benefits of delisting and deregistration and the potential for the Preferred Shares to be quoted in the Pink Sheets, constitute forward-looking statements within the meaning of the federal securities laws. In addition, actual results and the timing of certain events could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in Accredited Home Lenders Holding Co.’s annual report on Form 10-K for the period ended December 31, 2006 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2007 and June 30, 2007, as well as Accredited Mortgage Loan REIT Trust's annual report on Form 10-K for fiscal year 2006 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2007 and June 30, 2007, and the other disclosures contained in documents filed by the Company with the SEC. The Company cautions readers that the non-prime mortgage industry and the Company’s and REIT’s business are subject to numerous significant risks and uncertainties.