H & R Block Inc


  • H&R Block said Friday it agreed to sell its Option One Mortgage unit to an affiliate of private equity firm Cerberus Capital Management, ending a months-long search for a buyer of the beleaguered subprime lender.

  • Tax preparation company H&R Block said it was still in talks to sell its subprime lending unit but that market conditions had affected its plan to conclude the sale by the end of March.

  • New Century Ends Freddie Mac Ties, Sees Loan Sales Wednesday, 28 Mar 2007 | 2:10 PM ET
    Jerry Sandusky, former Penn State football defensive coordinator (center), placed in police car.

    New Century Financial, the troubled subprime mortgage lender, said on Wednesday it voluntarily ended its relationship with mortgage financier Freddie Mac, and that "several" of its own lenders plan to sell loans that had backed $17.4 billion of credit lines.

  • The Word on Retailers, Financials, OPEC and more... Thursday, 15 Mar 2007 | 9:12 PM ET

    Go behind the headlines and get the latest word on today's hot tradesĀ  -- this kind of info comes straight from buyers and sellers on the trading floor. You won't find straight talk like this anywhere else.

  • Senator Chris Dodd, who is considering legislation to protect consumers against predatory lenders, told CNBC that two positives have emerged from the subprime meltdown, including better oversight over the beleaguered sector.

  • H&R Block Sees Wider Third-Quarter Loss On Loan Charges Wednesday, 14 Mar 2007 | 10:43 AM ET

    H&R Block posted a third-quarter loss, after conducting a review of its Option One Mortage Corp. unit, which makes subprime loans.

  • Study Predicts Worsening Mortgage Credit Wednesday, 20 Dec 2006 | 1:52 PM ET

    Nearly a fifth of consumers with bad credit who borrowed money to buy a house in the past two years will default on their mortgages and lose their homes, an industry survey projects.

  • Markets Slide on Manufacturing Slump Saturday, 2 Dec 2006 | 7:49 PM ET

    Stocks skidded Friday after a key survey showed manufacturing unexpectedly contracted in November,stoking concerns about a weakening economy.

  • Mortgage Unit Hurts H&R Block Profits Thursday, 30 Nov 2006 | 4:59 PM ET

    H&R Block , the largest U.S. tax preparer, on Thursday said its quarterly loss nearly doubled, hurt by weakness in its mortgage operations.