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Archive for » December, 2006 «

A nightmare for homeowners everywhere might be in the near future as HSBC Finance Corporation bought Champion Mortage’s portfolio recently. You may remember HSBC Finance by their old name – Household International – and the nation’s largest predatory lending settlement. Or perhaps you recognize the from racketeering charges with their high interest rate tax loan partner H&R Block. No doubt this new deal will be bad for consumers.

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HSBC’s high interest tax loan partner H&R Block Inc. lost $156.5 million during its second quarter, nearly twice its loss from a year ago, primarily because of weaker results in its mortgage business.

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Popularity: 15% [?]