H&R Block's Option One mortgage unit has an origination strategy designed to fare well regardless of whether rates rise this year, executives told attendees at a late afternoon investor conference in New York Jan. 7.The executives said they do not believe that they would be materially affected if a rise in rates occurred because they make loans to subprime credit borrowers, who tend to be motivated more by their personal financial needs. Subprime borrowers "are not waiting for the Fed to move rates," one executive noted.
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