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.
Archive for » December, 2006 «
Category: 2006 HSBC, In the U.S., Predatory Lending
One Comment
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.
Category: 2006 HSBC, In the U.S., Predatory Lending
Leave a Comment
