The 30-day past-due rate for subprime loans rose from 5.4 percent to 7.1 percent during 2005, ending an eight-year drop, federal data shows. The foreclosure rate for subprime loans, meanwhile, was nine times higher than the prime-market rate last year. RealtyTrac, which tracks foreclosures nationwide, reports that the number of properties entering some stage […]
“We are in the process of rolling out what we call the Household Model based on sophisticated data-intensive analysis that is rapidly scalable, offering customised solutions. Using a common technology platform that is tailored to local requirements, various financial solutions are provided” said Niall Booker of HSBC. The Chief Executive Officer of HSBC, Niall […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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