H&R Block Inc., the tax preparer whose stock slid 18 percent last month, told investors to ignore speculation that it faces a surge in costs tied to its defunct mortgage business. The shares rose as much as 9 percent, the most in more than a year. Concern about potential losses tied to buybacks of home loans “is not based on fact,” and reserves to protect the company against claims “are adequate,” Chief Executive Officer Alan Bennett said yesterday during a conference call about fiscal first-quarter earnings. The call included repeated queries about claims, which have totaled more than $680 million. “There’s nothing that we’re seeing anywhere that would lead to the kind of phone calls we just listened to other than speculators that, in my mind, have probably sold our stock short and then stirred this up,” Bennett said in an interview after the call. Mortgage buyback claims “are getting better,” he said.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
Most Popular Articles
RealTrends Verified City Rankings reveal where top agents and teams are building scale
RealTrends Verified City Rankings list 74,906 entries across 5,249 cities, totaling $1.63T volume and 2.5M sides.
Jul 10, 2026
-
Trump didn’t sign it, but the 21st Century ROAD to Housing Act is now law
Jul 11, 2026 -
Compass files ethics complaints against Zillow in 26 states
Jul 14, 2026 -
Iran conflict lifts mortgage rates, but housing demand stays positive
Jul 11, 2026 -
New policy impact may ignite a manufactured housing blue-sky era
Jul 10, 2026 -
What the ROAD to Housing Act means for agents, homebuyers
Jul 13, 2026
Latest Articles
The stock market vs. shelter: The math matters
The real question isn’t whether a house beats the stock market. It’s what kind of life someone is trying to build.
-
Condo safety repairs bill returns with bipartisan Florida support
-
The ROAD ahead for build-to-rent
-
The best real estate software for 2026: 20 top picks for agents + teams
-
Economic activity expands, but consumers feel the squeeze
-
Fairway Home Mortgage launches nonprofit to combat senior financial fraud
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio