Since its release in mid-January 2005, Household- HSBC Watch download “The History of Predatory Lending” has been downloaded 365 times. An average of 35 people per day see the actual effect Household International and HSBC had on unsuspecting Americans. You can get your copy here.
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William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more than his home was worth, scaring away rival lenders that might have come to the rescue. Madie Wilson, age 89, was evicted from her home. Running a pay for performance oriented predatory lending operation that was out of control, Aldinger and his employees sought blood money through lies and deception. “Even federal regulators didn’t want to take responsibility for Household Finance Corporation” said a member of the OCC in an interview with Household - HSBC Watch.
Reported March 30, 2005: HSBC faces revenue growth challenges in its various other businesses, particularly its U.S. consumer finance arm, Household International of Prospect Heights, Ill. With interest rates rising, revenue from mortgage lending will come under pressure and customer account delinquencies could rise. HSBC “is still failing to deliver superior operating profit growth,” Smith Barney’s Simon Samuels wrote in a research note earlier this month.
April 7, 2005
NEW YORK — In what could be a crack in the housing market’s sturdy foundation, the number of foreclosed homes put up for sale rose 50 percent between February and March. The survey, released Wednesday, showed 28,190 foreclosed homes were put up for sale across the country in March, which is 50 percent more than in February. The total number of foreclosed properties available for sale stood at 80,757 at the end of March, up 10 percent from the previous month.
For those who want to see the attention Household International and HSBC predatory lending is getting simply go to this page. Watchdog organization Household - HSBC Watch started geographical mapping of visitors, which poses no privacy or security issues for visitors. “Mapping gives federal regulators a visual picture of how wide spread the damage is” said the watchdog group.
