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Option One Also Affirmed.(Brief Article)
Moody's Investors Service has reaffirmed Option One Mortgage Corp.'s top rating as a primary servicer of residential subprime mortgage loans.
In addition to affirming the "SQ1" rating for subprime, Moody's also affirmed the company's "SQ2" rating as a special servicer of residential mortgage loans.
Moody's said the ratings reflect Option One's "overall effectiveness in controlling losses on its portfolio."
H&R Block purchased Option One in 1997, and it has since become an integral part of the corporation's mortgage operations.
As of April, Option One serviced about $31 billion of residential mortgage ...
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Source: HighBeam Research, Option One Also Affirmed.(Brief Article)