Household HSBC Watch

What is the relationship between HSBC and their regulator, The Office of the Comptroller of the Currency? Keep in mind that HSBC spends millions on lobbying and has hired former OCC executives in the past. Here is an example of that relationship.

This is part of a public records document written September 29, 2006 […]

We received another insider report today which says: “Today HSBC announced that they are closing their auto finance department right away. This came as a suprise. They sent letters to dealers today telling them they better have their approvals by 5 PM Wednesday or else. This is nothing new for HSBC, […]

We received this report late Friday and will protect the writer / sender’s identity:
I am amazed that the layoffs and future layoffs of super sub prime lending giant HFC (Household/Beneficial) , also known/owned and directed by HSBC has not made more headlines.

In the state of Pennsylvania alone more than 25 offices are likely to […]

Analysts at Household - HSBC Watch think HSBC learned from the recent subprime crisis, regardless of what they tell Knight Vinke and other activists. After studying HSBC and Household International for many years Household - HSBC Watch thinks HSBC will make a move soon. Changes must look like they are HSBC’s idea, […]

We’re hearing rumors about HSBC’s Decision One. Some say Decision One Mortgage, HSBC’s U.S.-based subprime lending arm, is taking even more steps to stop the bleeding in its mortgage operations. Sources suggested to Housing Wire today that the company has decided to close 13 of its 15 offices nationwide, leaving only its Phoenix and […]

HSBC mortgage operations in the Fort Mill, S.C., area are taking a hit from restructurings that have closed branches and shifted work to other units.

The campus in Lancaster County, S.C., just south of Ballantyne, is home to Decision One Mortgage and HSBC Mortgage Services, both part of London banking giant HSBC Holdings Plc. HSBC moved […]

Decision One Mortgage
Subsidiary of HSBC
6060 J.A. Jones Dr.
Charlotte, NC 28287
Attn: JC Faulkner, President

The company is a wholesale lender specializing in non-conforming residential mortgage loans and debt consolidation loans. It operates through more than 20 branches in cities nationwide, as well as through relationships with loan brokers and correspondents. Decision One Mortgage is owned by big […]

Additional DBA (doing business as) Names:
Household Mortgage Services
Beneficial
Household Retail Services
Household Bank VISA
Household Finance Corporation
Household Finance Company
Household Bank FSB
Household Bank Na Illinois
Household Automotive Finance Corporation
H R S
Household Loan
Ameritech Complete Card
Union Plus Card
USWEST Mastercard
Capital Financial Services, Inc.
Union Plus Loan Program
GM Card
Beneficial Finance
Beneficial Illinois, Inc.
Household Finance
Household Finance & Subsidiari
Household Retail Service, Inc
Household Bank (SB, N.A.)
Household Bank Retail Services
Orchard […]

Following a $484 million settlement between Household Finance and 50 states in 2002, Household International is now a subsidiary of HSBC Group plc. The company sold 2,188 high-rate loans in the Carolinas in 2004.
Since the settlement agreement, HSBC has adopted standards that consumer advocates regard as among the most stringent in the industry. Much of […]

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 […]