Judge fines HSBC in foreclosure case

January 20, 2012 – 8:38 pm

A New York Supreme Court judge imposed a $10,000 fine on HSBC and a $5000 sanction on a law firm in a foreclosure case. The judge was the same judge that threatened Irene Dorner, head of HSBC USA, back in July. Dorner was ordered to appear in court.

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By Timothy Blake | Posted in Subprime | Tagged , , , , , , , , , | Comments Off

An Obituary for HSBC Consumer Finance

January 6, 2012 – 4:32 am

What happens when HSBC dives in to subprime, takes a huge multibillion dollar loss, turns tail and runs away from customers, and alienates as many US citizens as possible? Wells Fargo has become the largest Western bank when measured by its stock market value after it leapfrogged rivals HSBC and JP Morgan last year.

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By Timothy Blake | Posted in General News | Tagged , , , , , , , , , | Comments Off

World Banking World Fraud by John Cruz

November 27, 2011 – 10:50 pm

Here at Household Watch we got our start monitoring and writing about predatory lender Household International. Then HSBC bought the predator, thus we have almost eight years of HSBC material.

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By Timothy Blake | Posted in History | Tagged , , , , , , , , , , | Comments Off

You can challenge your HSBC foreclosure says OCC

November 2, 2011 – 7:01 pm

US officials have launched an independent review process in which individuals can challenge foreclosures carried out by HSBC and other lenders / servicers.

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Investor files FINRA claim against HSBC

September 27, 2011 – 3:57 pm

FT. LAUDERDALE, Fla., Sept 26, 2011 /PRNewswire/ — A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books.

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By Timothy Blake | Posted in General News | Tagged , , , , , , , | Comments Off
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