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News About (HSBC) OR ("Household Finance") OR ("Beneficial Finance")
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1. Record Mortgage-Related Failures in 2009 - 225 closings tracked at The Mortgage... Two months earlier, HSBC North America -- a former subprime lending behemoth -- shut down its operations. Former jumbo giant Thornburg Mortgage Inc. file for bankruptcy protection www.mortgagedaily.com/PressRelease010410.asp 2. Mortgage Employment By State - 3rd Quarter 2009 Analysis of Activity from... Bancorp Inc. 30 0 -30 GoodMortgage.com 0 15 +15 HSBC 12 0 -12 JPMorgan Chase & Co. 81 650 +569 KeyCorp 24 0 -24 Loan Network LLC 0 400 +400 MetLife Bank 0 339 +339 MOS Group 0 150 www.mortgagedaily.com/EmploymentByStateReport110909.asp 3. Banks Cut Over 2,000 Jobs - Recent mortgage-related layoffs | MortgageDaily.com Lauderdale, Fla. In August, HSBC reduced headcount by 116 in Salinas, Calif. Fourth-quarter HSBC layoffs included 37 more in Salinas and 49 in Bridgewater, N.J. In Ohio, PNC www.mortgagedaily.com/Layoffs110909.asp 4. 3 Chairmen Out, 3 Presidents In - Recent mortgage-related executive activity... Beneficial was sold to HSBC Finance Corp. in 1998. Blueberry photo of Keith Kemph next story back to current headlines Sam Garcia worked in mortgage lending for twenty years prior www.mortgagedaily.com/Executives091409.asp 5. Mortgage Fraud Lawsuits - 2nd-Quarter Mortgage Litigation Report | MortgageDaily... Bank, GMAC Mortgage, HSBC Mortgage Corp., JPMorgan Chase & Co., Merrill Lynch, the Mortgage Electronic Registration System, National City Bank, PNC Financial Services Group Inc. www.mortgagedaily.com/MortgageFraudLawsuits082409.asp 6. Mortgage Discrimination Lawsuits - 2nd-Quarter Mortgage Litigation Report... Bank, GMAC Mortgage, HSBC Mortgage Corp., JPMorgan Chase & Co., Merrill Lynch, the Mortgage Electronic Registration System, National City Bank, PNC Financial Services Group Inc. www.mortgagedaily.com/DiscriminationLawsuits082409.asp 7. Foreclosure Litigation - 2nd-Quarter Mortgage Litigation Report | MortgageDaily... Capital Markets Inc.; HSBC Securities (USA) Inc.; JP Morgan Acquisition Corp.; Merrill Lynch, Pierce, Fenner & Smith Inc.; Morgan Stanley & Co.; Novastar Mortgage Inc.; Option One www.mortgagedaily.com/ForeclosureLawsuits082409.asp 8. MBS Lawsuits - 2nd-Quarter Mortgage Litigation Report | MortgageDaily.com Capital Markets Inc.; HSBC Securities (USA) Inc.; JP ... of Commerce; Citibank, N.A.; HSBC Bank USA, N.A; JPMorgan ... Bear, Stearns & Co., Inc., HSBC Securities (USA), Inc., Deutsche www.mortgagedaily.com/MbsLitigation082409.asp 9. Mortgage Investor Lawsuits - 2nd-Quarter Mortgage Litigation Report | MortgageDail... Stearns & Co., Inc., HSBC Securities (USA), Inc., Deutsche Bank Securities, ... Stanley & Co., Inc., JPMorgan Chase, Inc., HSBC Securities (USA), Inc., Credit Suisse Securities ( www.mortgagedaily.com/InvestorLawsuits082409.asp 10. U.S. Modification Analysis - OCC, OTS report Q1 modification metrics... Citibank, First Horizon, HSBC, National City, USBank, Wachovia, and Wells Fargo. The report encompassed 34 million residential first mortgages for more than $6 trillion -- around www.mortgagedaily.com/MetricsMods063009.asp
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