Household HSBC Watch

JH in tennessee opines: “Prediction is Household / Beneficial will not be around in 2 years. It’s easy to see that they are using their current staff to solicit paying off open Real Estate loans by attempting to qualify them for conforming loans so they can sell off to investors. Couple that with the job openings posted on Monster.com for Solstice where they offer an open book to the Real Estate loans to be paid off by the FHA lender. Word on street is targeting over 5 billion to be liquidated. Present employees need only to review these two facts to see they are selling themselves out of a job. As the loans get paid off in the future, so go the offices that become less and less needed.”