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HSBC’s Niall Booker ignores NC lawmaker

Rep. Brad Miller, who—along with a handful of other Democrats—is urging the mortgage industry to delay certain foreclosures until the FHA’s “Help for Homeowners” gets going. The program is a key component of the new housing legislation and is intended to help struggling barrowers stay in their homes. Brad Miller contacted HSBC Finance. […]

Playing with fire means HSBC could get burned

We like developing nations, said HSBC. It is a matter of risk and reward, or as others see it, less risk because laws are less stringent. HSBC is not doing well in Korea, as the acquisition of KEB stalls. Charges of KEB Card stock price manipulation, links to the United States through […]

Bought a home in the 90’s and owe as much today as then

With regard to homeowners in trouble I can see congress saying “no bailout” to everyone, or having a very narrow definition of who gets any help, such as those who were victims of fraud. Unless the buyer can show fraud on the part of the financial institution, the courts have no authority to change […]

Arrow Financial Services Collection Agency Fined

Does this sound familiar? Are these tactics used by other debt collectors? Read this article:
The Minneapolis/St. Paul Business Journal - 4:45 PM CST Monday
State Commerce Dept. fines collection agency
By John Vomhof Jr., Staff Writer

An Illinois collection agency owned by Sallie Mae has paid a $125,000 civil penalty after an investigation by the Minnesota […]




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