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BOSTON – Massachusetts’ attorney general has obtained a preliminary injunction against Option One Mortgage Corp. and H&R Block Mortgage Corp. that requires them to notify the AG’s office of their intent to foreclose upon subprime mortgages.

The court order defines subprime mortgages as adjustable-rate mortgages with an introductory period of less than three years or as a loan with a borrower debt-to-income ratio that exceeds 50% or as a loan with a prepayment penalty that lasts beyond the introductory period.

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