Household HSBC Watch

NEARLY half of all mortgage shoppers use the Internet to do research on mortgages. If your research got you to this website you have reached Household - HSBC Watch consumer advocates, a watchdog organization not affiliated with HSBC in any way. You are doing your homework, however, and digging deeply. Perhaps HSBC […]

On August 18, 2008: “If you don’t have a sustainable environment to do business in, you’re not going to be profitable,” said Donna Funk, senior vice-president of community and philanthropic services for HSBC-North America, which had assets of $557 billion last year. “If you’re not profitable, that’s the end.” HSBC’s own fact sheet, […]

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. […]

It is one thing to buy a predatory lender — Household International — but quite another to cotinue the business practices almost unchanged. HSBC is still one of the biggest subprime lenders in the United States. As a result, lawmakers sent a letter to HSBC asking the lender and mortgage servicer to help […]

A total of $5 trillion of mortgage loans, or almost half of the nation’s home loans, belong to “risky asset categories’’ such as subprime and Alt-A, Gross of Pacific Investment Management Co. said Bill Gross, who manages the world’s biggest bond fund. A commentary is posted on the firm’s Web site today. HSBC and […]

Even bankrupt lenders are looking for a new approach to lending. One subprime lender, the bankrupt Delta Financial, is reemerging as a lender of FHA mortgages and other “alternative” products. The company’s former chief executive, Hugh Miller, along with a small group of former Delta executives, is launching Reliance First Capital, a mortgage company […]

Citigroup Inc., HSBC Finance Corp. and seven other companies agreed to help delinquent homeowners in Ohio avoid foreclosure in the first such accord between a state and home-loan servicers, Governor Ted Strickland said. Like alcoholics that keep drinking, the companies pledged to make an effort. Banks and other lenders pledged to modify terms […]

For months we have heard of federal and local programs to help homeowners. Attemping to avoid ARM resets is the main emphasis. What happens to people with other onerous terms and conditions? What happens when they contact HSBC and receive no help? Thay become disloyal angry customers. The extent […]

This report was submitted by a Connecticut resident. The submitter is responsible for the accuracy of this report, and personal opinions are his:

These are the attorney’s handling many HSBC Mortgage Services foreclosures in Connecticut. Looks like birds of a feather do flock together. A law firm, mortgage company and real estate broker will […]

If Arab nations have money and the United States is no longer profitable just refocus. If Islamic finance seems attractive in the U.K. and U.S. just focus on your new new friends. That is the business model for HSBC - the Hong Kong Shanghai Bank, headquartered in London and doing business in […]