« Bernanke Opposes Lift of Fannie, Freddie Caps | Main | Bush to Propose Aid to Mortgage Holders »
August 31, 2007
H&R Block Reopens Option One Talks, Posts Big Loss
After agreeing earlier this spring to sell its Option One subprime lending unit to Cerberus Capital Management for about $1 billion, H&R Block is now renegotiating the deal after several closing conditions were not satisfied. The new talks center around divesting or winding down Option One's mortgage lending operation, and additional costs may be incurred as a result.
Posted by S. Germain at August 31, 2007 08:31 AM