Industry News

H&R Block expects mortgage loan losses

Sets aside $102.1 million to cover anticipated losses
Published on Aug 25, 2006

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by CareyBot

H&R Block Inc. said Thursday it’s setting aside $102.1 million to cover anticipated losses on loans by its Option One Mortgage Corp. unit. About half the money — $46.1 million — is to cover defaults and repurchase requests from loan ...

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