Option One is the latest lender to implode, according to ML-Implode.com. Here is the letter to brokers from Option One indicating that they are not accepting any new loan originations.
From ML-Implode;
Fresh news from the Associated Press, and published everywhere is the headline, “Cerberus, H&R Block End Mortgage Deal.”
“Cerberus Capital Management LP and H&R Block Inc. said [...]