They sold Option One a couple of days ago. This means they are no longer holding mortgages and have gone back to their core business of tax prep. The stock is rallying big time and could be a good play.
I thought they only sold the mortgage servicing business. Did they sell ALL of Option One including the subprime mortgages?
if incomes were down last yr they wont be making as much off their instant refund checks-which is probably a fat chunk of change for them....that prolly wont show up til summer tho...