[movermike] movermike: H&R Block Sells Option One

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Posted by movermike:
H&R Block Sells Option One
http://www.movermike.com/posts/1177076684.shtml


   [1]Third Largest sub-prime lender to be sold

     [2]H&R Block Inc., the largest tax preparer in the U.S., agreed to
     sell its money-losing subprime home-loan unit (Option One Mortgage
     Corp.) to Cerberus Capital Management LP at a discount as defaults
     by the riskiest borrowers surge.

References

   1. http://www.movermike.com/posts/1173925970.shtml
   2. http://www.bloomberg.com/apps/news?pid=20601103&sid=aj6vuojsIFZs&refer=news