Banks reduce credit lines to H&R Block mortgage unit

Story date: 2007-10-03 09:49:00
Added on: 2007-10-03 23:00:21

Reuters - Banks reduced and closed out warehouse lines of credit, which H&R Block's Option One Mortgage Corp used to temporarily finance home loans made to consumers. H&R Block has struggled to sell the Option One unit as rising defaults force mortgage ...


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