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March 28, 2008
Billionaire Purchases Option One Mortgage
H&R Block Inc. has agreed to part with its Option One Mortgage Corp. loan servicing subsidiary in a deal inked with WL Ross & Co. LLC — a platform run by billionaire investor Wilbur L. Ross Jr. The transaction, which is the second major subprime-related transaction headed by Ross in the last year, is valued at $1.1 billion.
Posted by S. Germain at March 28, 2008 07:54 AM