by Moe Bedard
KANSAS CITY, Mo. – H&R Block Inc. (NYSE: HRB) today announced that it closed the sale of the mortgage loan servicing business of its Option One Mortgage Corporation (“OOMC”) subsidiary effective April 30, 2008. As previously announced, the purchaser was American Home Mortgage Servicing, Inc. (“American Home”), an affiliate of WL Ross & Co. LLC. [...]
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by Moe Bedard
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 [...]
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