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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 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 House Price Bubble Now Deflated, Setting Stage for Mild Recovery (PR Newswire via Yahoo Finance)The housing bubble whose bursting triggered the current mortgage credit crisis has now fully deflated, according to a new study published today by SMR Research Corp. Read more Watch List (March 915): Maturity Defaults Grow (CoStar Group)In this weeks issue: matured balloon loans are driving up delinquencies in CDO and CMBS deals; the MBA reports that apartment loans are at historical lows; title insurers go into the red; Citi is cutting mortgage assets and operations; and a performing... Read more Blogs about Home Equity Servicing Corp
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