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You're browsing: HSBC News » Jobs and Layoffs » Article Title: Solstice Capital was last of HFC to make money, says one

We received this today: “Solstice was a company that made money. It was one of the last HFC arms that did. The mortgages brokers did 5 loans per month each! The HFC branches are doing 1 per branch. The math doesn’t add up. Why close down a leg of the company when it is the only profitable thing going? Also they were the only ones with FHA knowledge. Guess FHA loans aren’t what HSBC is looking for. Why charge someone a good rate when you can push them into BK status. If you haven’t noticed yet the ship is sinking. Either grab a pail or jump! Lots of other good jobs available in the mortgage business. HSBC isn’t the only company that has leads! Open your eyes.”

Related posts:

  1. Thoughts from a long term Beneficial / HSBC employee
  2. HSBC closing of Solstice and FHA loans
  3. HSBC Auto In Branch is dead while mortgages may be next
  4. HSBC Solstice Capital cutting 165 jobs, stops applications
  5. Employee view of HSBC optimization in U.S.

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