The Australian unit of HSBC Holdings (0005) will sell its broker-originated mortgage portfolio valued at US$1.75 billion (HK$13.65 billion) to FirstMac, a leading Australian residential mortgage provider.
The portfolio consists of 10,000 customer accounts distributed through brokers in Australia.
HSBC Bank Australia will retain the majority of its non-broker originated mortgage portfolio, valued at US$5.8 billion. […]
As we near the end of 2006 and holiday spending increases a recent poll at consumer advocacy website Household - HSBC Watch asks visitors to rate their HSBC-backed credit card. With over 500 participants responding to the poll question an astonishing 79 percent rated their HSBC backed credit card as ‘poor’ or ‘totally unprofessional’. […]
I signed up for Best Buy card and there was a question would you like to sign up for master card. No terms and condition nothing. Then on the statement I found out it has 19% apr and my credit score is pretty good, next year for no reason no late payments nothing […]
WASHINGTON - HSBC Holdings PLC, the world’s third-largest bank, said yesterday it will be hurt by its exposure to controversial mortgages that helped spark the U.S. housing boom, but which are now coming up for renewal.
The London-based bank is expected to be the first in a long list of major residential mortgage lenders in the […]
Just in time for the holiday season thieves found a way to steal the remaining balance on store gift cards. They take the information from the gift card, put the card back on the sales rack, and then wait for someone to buy it and activate it. Thieves call the telephone number on […]
How long before HSBC employs a cohort of burly bailiffs to chase up debtors? Bad loans hang around the neck of the world’s third-largest bank like an albatross. Most of it comes from former predatory lender Household International which is still in business as HSBC Finance Corporation. And HSBC is buying more […]
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 […]
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.
The Kansas City-based company said it continues to weigh a sale or spinoff of its Option One Mortgage business, which makes home loans […]
HSBC has a list of almost 30,000 Farepak customers who could be eligible to claim back millions of pounds lost in the company’s failure, but is barred from alerting them under data protection laws.
Anyone who paid Farepak through Visa or MasterCard is entitled to claim back their money under the chargeback scheme, which repays […]
HONG KONG: Mimi Monica Wong, the HSBC banker who won a judgment against two Latin dance teachers in Hong Kong, will get less than half of the interest originally awarded, a High Court judge ruled Thursday.
The judge, Gerard Muttrie, cut the interest in the settlement to 4.6 million Hong Kong dollars, or $597,400, from 9.5 […]
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