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Selected NewsH R Block mortgage operation to be sold (The Charlotte Observer)Billionaire Wilbur Ross agreed to buy the mortgageservicing unit of H R Block Inc. for about $1.1 billion, creating the secondlargest U.S. firm that collects payments on subprime loans. WL Ross Co. would handle records for about $95 billion of subprime mortgages, behind only Countrywide Financial Corp., Ross New Yorkbased private equity firm said Monday in a statement. The sale may close ... Read more Easy money days are here again (Salon.com)Greenspans postdotcombust rate cuts spurred the biggest spending binge in recent American history. What will Bernankes Fed accomplish Read more Wilbur Ross Will Buy H R Block Unit for $1.1 Billion (Update4) (Bloomberg.com)March 17 (Bloomberg) Billionaire Wilbur Ross agreed to buy the mortgageservicing unit of H R Block Inc. for about $1.1 billion, creating the secondlargest U.S. firm that collects payments on subprime loans. Read more Blogs about Home Equity Jacksonville
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