SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 30, 2007

Accredited Mortgage Loan Trust 2007-1

(Issuer with respect to Securities)

Accredited Home Lenders, Inc.

(Exact name of registrant as specified in its charter)

California

333-129972

33-0426859

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

Accredited Mortgage Loan REIT Trust

(Exact name of co-registrant as specified in its charter)

Maryland	333-129972-01	35-2231035
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Attention: General Counsel 15253 Avenue of Science, Building 1 San Diego, CA		92128
(Address of principal executive offices)		(Zip Code)

Attention: General Counsel 15253 Avenue of Science, Building 1 San Diego, CA		92128
(Address of principal executive offices)		(Zip Code)

Registrants’ telephone number, including area code (858) 676-2100

No Change

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 81.01. ~~Other~~Entry ~~Events~~into a Material Definitive Agreement.

~~Incorporation~~Description of ~~Certain~~the ~~Documents~~Notes byand ~~Reference~~the Mortgage Loans

Accredited Home Lenders, Inc. and Accredited Mortgage Loan REIT Trust (the “Registrants”) ~~are~~have ~~filing~~registered aissuances ~~final prospectus supplement, dated January 24, 2007, setting forth a description~~ of ~~the~~an ~~collateral pool and proposed structure of $311,472,000~~ aggregate ~~principal balance~~ of ~~Class A-1~~up ~~Asset Backed~~to ~~Notes (the “Class A-1 Notes”),~~ $575,~~693~~706,042,000 ~~aggregate~~in principal ~~balance~~amount of ~~Class A~~asset-2backed ~~Asset Backed Notes (the “Class A-2 Notes”)~~securities, ~~$205,650,000~~on ~~aggregate~~a ~~principal~~delayed ~~balance~~or ofcontinuous ~~Class A-3 Asset Backed Notes (the~~basis ~~“Class~~pursuant ~~A-3~~to ~~Notes”),~~Rule ~~$67,513,000~~415 ~~aggregate~~under ~~principal~~the ~~balance~~Securities Act of ~~Class A-4~~1933, ~~Asset~~as ~~Backed~~amended ~~Notes~~ (the “~~Class A-4 Notes~~Act”), ~~$26,211,000~~by ~~aggregate~~a ~~principal~~Registration ~~balance~~Statement ofon ~~Class~~Form MS-13 ~~Asset~~(Registration ~~Backed~~File ~~Notes~~Nos. ~~(the~~333-129972 ~~“Class~~and M333-~~1 Notes”~~129972-01)~~, $19,754,000~~ ~~aggregate~~(as ~~principal~~amended, ~~balance of Class M-2 Asset Backed Notes (~~the “~~Class M-2 Notes~~Registration Statement”),. ~~$12,152,000~~Pursuant ~~aggregate~~to ~~principal balance of Class M-3 Asset Backed Notes (~~the ~~“Class~~Registration ~~M-3 Notes”)~~Statement, ~~$10,255,000~~Accredited ~~aggregate~~Mortgage ~~principal balance~~Loan ofTrust ~~Class M~~2007-41, ~~Asset~~a ~~Backed~~Delaware ~~Notes~~statutory ~~(the “Class M-4 Notes”)~~trust, issued $10755,~~255~~523,000 in aggregate principal ~~balance~~amount of ~~Class~~its ~~M-5~~Accredited ~~Asset~~Mortgage ~~Backed~~Loan ~~Notes (the “Class M~~Asset-5Backed Notes”), ~~$9,876,000~~Series ~~aggregate principal balance of Class M~~2007-61 ~~Asset Backed Notes~~ (the “~~Class M-6~~ Notes”), $8on January 30,~~736,000~~ ~~aggregate~~2007 ~~principal balance of Class M-7 Asset Backed Notes~~ (the “~~Class~~Closing ~~M-7 Notes~~Date”),. ~~$8,356,000~~This ~~aggregate~~Current ~~principal~~Report ~~balance~~on ofForm ~~Class M-~~8-K ~~Asset~~is ~~Backed~~being ~~Notes~~filed ~~(the~~to ~~“Class~~satisfy ~~M-8 Notes”),~~an ~~and~~undertaking ~~$7,600,000~~to ~~aggregate~~file ~~principal~~copies ~~balance~~ of ~~Class~~certain ~~M-9~~agreements ~~Asset~~executed ~~Backed~~in ~~Notes~~connection ~~(the “Class M-9 Notes” and, together~~ with the ~~Class A-1~~issuance ~~Notes,~~of the ~~Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class M-1~~ Notes, ~~Class~~the ~~M-2~~forms ~~Notes,~~of ~~Class~~which ~~M-3~~were ~~Notes,~~filed ~~Class~~as ~~M-4~~Exhibits ~~Notes,~~to ~~Class M-5 Notes, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes,~~ the ~~“Notes”)~~Registration ~~by Accredited Mortgage Loan Trust 2007-1 (the “Trust”)~~Statement.

The Notes were issued pursuant to an Indenture (the “Indenture”) attached hereto as Exhibit 4.1, dated as of January 1, 2007, between the Trust and Deutsche Bank National Trust Company, in its capacity as indenture trustee (the “Indenture Trustee”). The Notes evidence indebtedness of the Trust and consist of thirteen classes, Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class M-1 Notes, Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes and Class M-9 Notes. Also issued, but not offered by the Trust are the Trust Certificates (the “Trust Certificates”) evidencing the ownership interest in the Trust.

The primary assets of the Trust will consist of a pool of residential mortgage loans that contains first and second lien fixed- and adjustable-rate, conforming and non-conforming mortgage loans.

Item 9.01 - Financial Statements and Exhibits:

(a) Not applicable

(b) Not applicable

(cd) Exhibits:

51.1 ~~Opinion~~Underwriting ofAgreement, ~~Dewey~~dated ~~Ballantine~~January 24, ~~LLP~~2007, among Accredited Home Lenders, Inc., as tosponsor ~~legality~~(the “Sponsor”), ~~dated~~Accredited asMortgage Loan REIT Trust, a Maryland real estate investment trust (the “Seller”) and Lehman Brothers, Inc., Banc of ~~January~~America 30Securities LLC, ~~2007~~Bear, Stearns & Co. Inc. and HSBC Securities (USA) Inc. (collectively, the “Underwriters”).

84.1 ~~Opinion~~Indenture, dated as of ~~Dewey~~January 1, ~~Ballantine~~2007, ~~LLP~~between ~~regarding~~Accredited Mortgage ~~tax~~Loan ~~matters~~Trust 2007-1, ~~dated~~a asDelaware ofstatutory ~~January~~trust 30acting through its owner trustee and Deutsche Bank National Trust Company, ~~2007~~as Indenture Trustee.

4.2 Amended and Restated Trust Agreement, dated as of January 30, 2007, among the Sponsor, the Seller and U.S. Bank Trust National Association, as Owner Trustee.

10.1 Sale and Servicing Agreement, dated as of January 1, 2007, among Accredited Home Lenders, Inc., as Sponsor and as Servicer, Accredited Mortgage Loan REIT Trust, as Depositor, Accredited Mortgage Loan Trust 2007-1, as Issuing Entity and the Indenture Trustee.

10.2 Master Agreement, dated January 30, 2007 between Accredited Mortgage Loan Trust 2007-1 and Credit Suisse International.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Accredited Mortgage Loan Trust 2007-1

By: Accredited Home Lenders, Inc.

By:		/s/ Charles O. Ryan
Name:		Charles O. Ryan
Title:		Securitization Coordinator

Dated: January 30, 2007

EXHIBIT INDEX

51.1 ~~Opinion~~Underwriting ofAgreement, ~~Dewey~~dated ~~Ballantine~~January 24, ~~LLP~~2007, asamong toAccredited ~~legality~~Home Lenders, ~~dated~~Inc., as sponsor (the “Sponsor”), Accredited Mortgage Loan REIT Trust, a Maryland real estate investment trust (the “Seller”) and Lehman Brothers, Inc., Banc of ~~January~~America 30Securities LLC, ~~2007~~Bear, Stearns & Co. Inc. and HSBC Securities (USA) Inc. (collectively, the “Underwriters”).

84.1 ~~Opinion~~Indenture, dated as of ~~Dewey~~January 1, ~~Ballantine~~2007, ~~LLP~~between ~~regarding~~Accredited ~~tax~~Mortgage ~~matters~~Loan Trust 2007-1, ~~dated~~a asDelaware ofstatutory ~~January~~trust 30acting through its owner trustee and Deutsche Bank National Trust Company, ~~2007~~as Indenture Trustee.

4.2 Amended and Restated Trust Agreement, dated as of January 30, 2007, among the Sponsor, the Seller and U.S. Bank Trust National Association, as Owner Trustee.

10.2 Master Agreement, dated January 30, 2007 between Accredited Mortgage Loan Trust 2007-1 and Credit Suisse International.

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