HSBC may be involved in more fraud. They claim they monitor mortgage fraud but this one suspects they may be perpetrating it instead. Here is a customer report:
I received a 1099c yesterday for $68,000.00. It says that if the cancellation of debt was through bankruptcy, you do not have to pay taxes on […]
Nebraska residents experiencing problems with HSBC’s Household Finance, Decision One Mortgage, and Benficial Finance are encouraged to contact the Nebraska Department of Banking. One may do so online here.
About: The Department of Banking was created by Nebraska legislators to regulate state-chartered banks and other financial industries within the state. In 1939, regulation of […]
Radian Guaranty announced Monday results of a recent survey of adults nationwide, of whom two-thirds own their current home and 47% have a home mortgage. The study revealed that 52% of the participants said they were no more than somewhat knowledgeable about the mortgage options available to them at the time they purchased their homes, […]
Thursday, December 01, 2005 11:31 p.m. ET
By ROBERT TANNER AP National Writer
OCEAN SPRINGS, Miss. (AP) — Like many homeowners around here, Janet Kisling owes a pile of debt on little more than a pile of debris. She has a $1,000-a-month mortgage on a home that is uninhabitable.
For her and others along the Gulf Coast, […]
Of Decision One, HSBC writes: “While Decision One makes the final credit decision on these loans, the mortgages are sourced by a network of independent brokers, rather than retail branches open to consumers.” HSBC goes on to make a final distinction: “The lending model of HSBC Mortgage follows a substantially different business model, and offers […]
Just twenty years ago, a potential homebuyer had to put five percent down, and there were no ‘’no-closing cost’’ loans. The menu of adjustable rate mortgages were limited and those who had bad credit had to pay interest rates approaching 20.0%. Today, we have ‘’no-money down’’ programs, no point mortgages and affordable alternatives for those […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
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