An established player in the U.S. market, Accredited Home Lenders, has been actively promoting its wares across the pond. The subprime mortgage lender travelled to last month's Barcelona Global ABS conference to answer questions from the growing ranks of potential European investors.
"We have a strong interest in growing our portfolio because we feel it plays into one of our strengths - that is our understanding of the credit culture," said Joseph Lydon president and chief operating officer of Accredited. "More recently, we did a tour of Asia. We really do look at it as being important to cultivate all markets to identify parties that may be interested in purchasing our bonds. In addition, we sent two of our players to Barcelona. We go to these conferences to speak to bond buyers that are interested in our collateral, the kind of product that will support the bonds that they buy."