Now that IPO market darling Accredited Home Lenders has gone public with one of the most successful initial equity offerings in recent memory, don't expect the non-prime mortgage lender to flood the securitization markets with its collateral, as its peer group has done. In an exclusive interview, co-founder Ray McKewon sat down with ASR and explained that Accredited plans to stick to its plan of diversified origination, funding and disposition sources.

What's more is that, according to McKewon, while most expect the growth of the mortgage sector - fueled by the current refinance tsunami - to rapidly cease once interest rates rise, Accredited will be at a competitive advantage due to its strategy of loan quality over quantity. "Unlike most mortgage lenders, we don't make loans for the sake of selling the loan and booking a gain," he said. "We don't make a loan unless there is a borrower benefit and we pay our brokers a premium to find these loans, rather than just buy anything originated."

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