This is just one of our articles referencing HSBC complaints about mortgages, credit cards, auto loans, fees, late payment processing, and more:

Companies are trying to make a profit on the backs of subprime lenders. A press release by one such company says “Officials at HSBC North America, parent of HSBC Bank USA, HSBC Mortgage Corp. and HSBC Finance Corp., say their average loss on sale at foreclosure is 20 percent to 25 percent of the loan’s value. With some of these larger banks like HSBC, Citibank and Chase looking at up to 500,000 problematic loans; the losses will reach the hundreds of billions if the proper steps are not taken immediately to hire the staff and/or outsource their Loss Mitigation services.”

A different approach to the problem is seen at Mortgage Blues, where this was said:

There was no proposal to fund, help, or bail out retired or active duty military. There was no proposal to immediately assist the elderly, or said another way, those receiving social security benefits. No programs were created or funded to assist those retired from government service. No thought was given to those who supported, defended, and continue to support this country.

Without a doubt some companies would gladly intervene and negotiate when foreclosure is possible. Some offer information, for a small cost, that can easily be found for free on the Internet. Wording in proposals is shallow and cofusing. For instance one set of guidelines says the homeowner shall have no previous contact with the lender. Is receving a collections telephone call, or for that matter, is receiving a statement classified as ‘previous contact’?

Using a third party to negotiate on your behalf sounds like the Introduction Scam, or a form of it. The introduction scam is explained in detail on the Settlement Scams website.