H&R Block, the Kansas City, Mo.-based parent of Option One Mortgage, has again been labeled the "Bear of the Day" by Zacks Equity Research, Chicago.Zacks took similar actions earlier this year and several times last year. In its latest statement, Zacks said it is maintaining its Sell rating for Block. "Despite recent changes in the company's senior management team, significant uncertainties remain with respect to the pending disposal of the company's Option One mortgage business," Zacks said. "While the company's core tax business is showing signs of improvement, we consider the issues regarding the potential sale of Option One to be of paramount importance from an investment perspective at this time." Zacks can be found online at http://www.zacks.com.
-
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
1h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25