Option One selected a key offering in ILOG’s BRMS product line, ILOG JRules, as the foundation for its automated mortgage pre-qualification system and underwriting system. Using ILOG JRules, Option ...

Register staff writer Mary Ann Milbourn reports: Option One Mortgage Corp. will shut down its lending operations, close three offices and lay off 620 people nationwide after a deal to sell the ...

H&R; Block Inc. said Thursday that the sale of its Option One Mortgage Corp. sub-prime lending unit might fall apart because of deteriorating credit markets and a quarterly loss that more than ...

Cash-starved mortgage originators continue to scramble for ways to raise funds now that they are shut out of the asset-backed commercial paper market. Yesterday, H&R Block announced that its O… ...

HR Block has pronounced it will shut down most of Option One's operations. ... Mortgage Rates Fall Back Below 7%. Mon, 3:18 PM POS, Bridge, Jumbo ARM Programs; M and A ...

H&R Block found a private equity buyer to take its troubled mortgage business off its hands, but at a substantial discount. Shares of H&R Block closed up 73 cents, or 3.3%, to $22.56 on Friday ...

LOS ANGELES (CN) – H&R Block subsidiary Option One Mortgage Corp. will pay $28.2 million to settle SEC charges of misleading investors in subprime residential mortgage-backed securities, the SEC said ...

Fitch Ratings said today that it has dropped its servicer ratings on troubled subprime mortgage outfit Option One Mortgage Company, whose pending sale to private equity investor Cerberus Capital ...

H&R Block Inc. HRB disclosed that further cost-cutting is happening at its ailing Option One Mortgage Corp. business ahead of the unit's planned sale. H&R Block didn't provide details of the ...

Massachusetts' attorney general filed a lawsuit alleging that subprime lender Option One Mortgage Corp. and its parent company, H&R Block Inc., discriminated against black and Latino borrowers ...