H&R Block, the Kansas City, Mo.-based parent of Option One Mortgage, has been labeled the "Bear of the Day" by Zacks Equity Research, Chicago, for the second time in the past two weeks.Zacks has taken similar actions throughout the past two years. In its latest statement, Zacks said it is maintaining its Sell rating for Block. "HRB was unable to file its 10-Q with the SEC within the required time period, and the company postponed its conference call with analysts," Zacks said. "Despite recent changes in the company's senior management team, significant uncertainties remain with respect to the impact of the company's decision to shut down its Option One Mortgage business." Zacks can be found online at http://www.zacks.com.
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3h ago -
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
May 9 -
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
May 9 -
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
May 9 -
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
May 9 -
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
May 9