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Industry Changes Delay Option One Mortgage Sale Process

Kansas City, Missouri-based H&R Block Inc. said plans to sell its Option One Mortgage Corp. subsidiary continue despite setbacks in the market that have prolonged the process.
In a press statement, H&R Block said, “Though the company announced in November it would explore alternatives for its mortgage business and expected to conclude that process in March, recent events in the subprime mortgage industry have affected the process.”


Author: Kerri Panchuk Date: 03/29/2007

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