Industry News

H&R Block shutting down Option One, laying off 620

Sale to Cerberus can't be salvaged
Published on Dec 4, 2007

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by CareyBot

H&R Block Inc. is shuttering Option One Mortgage Corp., after agreeing to call off a deal to sell the troubled lender to Cerberus Capital Management. As of today, Option One has stopped accepting applications for mortgage loans, H&R Block said, ...