Accredited Mortgage Loan REIT Trust of San Diego said it would suspend first quarter dividends on its 9.75% Series cumulative preferred shares.

One shareholder told ASR sister publication National Mortgage News that by cutting the dividend Accredited "isn't making any friends in the capital markets." AML REIT is part of Accredited Home Lenders, which is owned by Lone Star Funds, a hedge fund.

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