A recent study looked at completed applications for first mortgages to buy single-family, owner-occupied homes. It considered race and income of applicants and the census tract, and loan amount. The study does not include government-backed loans, second mortgages, home improvement or refinance loans. For example, only 10 percent of the loans reported by HSBC Holdings last year were home purchase loans as defined by this study. The study was dated August 29, 2005.
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Category: 05 All Articles, 05 HSBC Holdings, General
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LONDON (Dow Jones)–HSBC Bank (Panama), S.A. has signed an agreement to acquire the group of consumer finance companies trading under the brand name Financomer. The Financomer group, which had a gross assets of $41.5 million at 31 December 2004, entered the personal lending market in Panama in 1989 and currently has 129 employees, 12 branches and 13,000 customers.
Category: 05 HSBC Holdings, General
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No, we are not trying to be the next switchboard.com, but we are programming and managing the myriad of phone numbers in our database. This should take some of the presure off of the Live Help operators and reduce the number of hotline calls. To see this project in the early stages visit the HSBC Watch Online Address Book. Our research department is building a nice collection for our web visitors. Between our Online Document Library and the new address book information can be retreived by visitors easily and quickly. Our FAQ section fills the gap as well.
Category: General, Household Watch and You, Programming, Technical
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As Household - HSBC Watch monitors Charles Schwab, William Aldinger, and any potential move by HSBC we call your attention to a new website called “Do You Have a Schwablem?” IT appears, however, that Schwab may have a Schwablum or two as market share is dropping, stock price is dropping, and they are buying back as much stock as they can. Please visit Do You Have a Schwablem today to participate in their discussions and read their informaiton.
Category: 05 Aldinger, General
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Thursday, August 25, 2005 — U.S. personal bankruptcy filings in federal courts surged 18 percent in the three months through June from the prior quarter, as consumers rushed to beat the deadline for a new law that makes erasing debt more difficult, the Administrative Office of the U.S. Courts said. The number of filings under Chapter 7 of U.S. bankruptcy law, designed to allow individuals to keep certain assets while remaining property is sold to repay creditors, jumped to 308,028 in the quarter, the office, which provides support services to the federal judiciary system, said in a statement today.
“It will be interesting to watch the quarterly profit reports from HSBC, MBNA and others with high interest rates, questionable tactics and high fees” said Household - HSBC Watch. “Household International, HSBC, MBNA (Metris) and other sub-prime lenders and George Bush are the ones to thank for changes in bankruptcy laws. Predators pushed it and Bush swallowed it” the group said.
Category: 05 HSBC Metris, 05 Research, General
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