H&R Block Mops Up Its Mortgage Mess

Shares fell Wednesday after the company reported a wider loss for its Option One lending unit

With H&R Block's (HRB) troublesome Option One Mortgage unit on the auction block, the Kansas City (Mo.) tax preparer said Mar. 14 that it took a $29.2 million pretax loss. Investors, who have worried for months about the company's business selling mortgages to higher-risk borrowers, sold H&R's stock by 2.7% to $19.50 per share on Mar. 14.

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