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Subprime cos still have allure

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Some analysts say that subprime mortgage lenders that have survived this long are likely to see a big recovery over the next couple years, and a number of private-equity firms are rushing to buy such companies while they’re still cheap. A few months ago Goldman Sachs Group paid $20 million for the two-year-old lender Senderra Funding LLC. Now Lone Star Partners wants to pick up Accredited Home Lenders Holding Co. for $15.10 a share. The lending company traded at nearly $50 one year ago. more [WSJ]