This is one time that I had to sit down and really see what was being said. It was reported in the Kansas City Star that shares of HR Block, Inc. lost 8.7 percent of their value Friday saying the company suffered unexpected losses from its Option One Mortgage operations. Each day a new company is coming out with losses. No one is immune during this risky time in the industry. Losses reflected were two fold, borrowers missing first payments and also quicker decisions by investors to sell the loans back. Really what would be the incentive to hold on to the loan?
