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Stay in-the-know on legal news for the mortgage, housing and finance industries.

Latest Posts

H&R Block, Cerberus Terminate Deal for Option One; Will Shutter Lender

Dec 04, 2007By Paul Jackson

H&R Block, Inc. said this morning that its deal to sell troubled subprime lender Option One Mortgage Corporation to private equity firm Cerberus Capital Management, L.P. has fallen apart. From the press statement:

Delta Financial Reports; Lays off Additional 470 Employees As Liquidity Woes Return

Nov 08, 2007By Paul Jackson
WaMu: Third-Party Appraisal Contract Stipulates Vendor Liability

Nov 07, 2007By Paul Jackson
IAC To Spin Off Lending Tree

Nov 06, 2007By Paul Jackson
The Game’s Afoot: NY Attorney General Sues First American

Nov 02, 2007By Paul Jackson
ResCap Drives $1.8 Billion Quarterly Loss at GMAC Financial

Nov 02, 2007By Paul Jackson
First American Sees Profit Drop 48 Percent on Housing, Mortgage Woes

Nov 01, 2007By Paul Jackson
Reports: Merrill Lynch Chief O’Neal Will Step Down Amid Subprime Losses

Oct 29, 2007By Paul Jackson
Bank of America to Ditch Wholesale Lending

Oct 27, 2007By Paul Jackson
Countrywide Loses $1.2 Billion in Q3; Expects Q4 to be Profitable

Oct 26, 2007By Paul Jackson
WSJ: ResCap to Cut 25 Percent of Work Force

Oct 18, 2007By Paul Jackson
First American LoanPerformance: Some Local Areas Seeing Price Dips of 20 Percent

Oct 18, 2007By Paul Jackson

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