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You're browsing: Archived News » 05 All Articles, 05 AutoFinance, 05 GM Card - GM, 05 HSBC Holdings, 05 Research » Article Title: GM Considers Sale of Their Mortgage Business

On May 26, 2005, more news about General Motors (GM) and their troubles added fuel to the fire. GM already tasks predatory lender Household International, now called HSBC Finance Corporation, with processing and handling the GM credit card. Missing records and identity theft issues were traced to the GM card. “Our point is this” said Household - HSBC Watch. “If GM sells their mortgage business to HSBC, which is actually the disgraced and highly predatory Household International, it will put GM out of business. It is every home owner’s nightmare if their loan is sold to a predator, and GM has no more room for forgiveness after the GM card disaster” said the group.

Related posts:

  1. Is Household International out of the Mortgage Business?
  2. HSBC Interferes With Sale of Business
  3. Are GMAC Mortgages or GMAC for Sale?
  4. Fire sale in mortgage securities beginning
  5. Possible GMAC asset sale to HSBC

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