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Former HSBC mortgage borrowers to begin receiving settlements | Latest News

Former HSBC mortgage borrowers to begin receiving settlements

RICHMOND, Va. – More than 2,100 Virginians who had their mortgages serviced by HSBC Mortgage and lost their homes to foreclosure between 2008 and 2012 will begin receiving settlement checks soon. The checks, for approximately $1,200, will be distributed ... read more

HSBC mortgage borrowers in Virginia to get settlement checks totaling $2.5 million

Former HSBC mortgage borrowers who were harmed by the loan servicing and foreclosure practices of the banking giant will receive settlement payments of about $1,200, according to Attorney General Mark R. Herring’s office. The first checks from the ... read more

Eligibility easing and the lender of last resort

Few issues are as important or as controversial as the lender of last resort (Bank for International Settlements 2014 ... liquidity facilities. In the former, ambiguity is essential: no one should have the right to receive LOLR/emergency liquidity ... read more

Reminder to Eligible HSBC borrowers

BOISE – Attorney General Lawrence Wasden reminds former HSBC customers that they may receive payments of at least ... HSBC is making payments to eligible borrowers as part of the National HSBC Settlement. In September, settlement administrator Rust ... read more

HSBC pays $470m for mortgage misconduct

HSBC has reached a $470m [] settlement with the US government and states related to dubious mortgage lending and foreclosure practices that contributed to the financial crisis. The agreement includes a $100m fine and $370m in consumer relief to borrowers. read more

HSBC share price: Publication of US anti-money laundering report likely to be delayed

Last month US district judge John Gleeson in Brooklyn, New York, issued an order requiring the unsealing of the first report by independent ‘monitor’ Michael Cherkasky, who was appointed as part of a $1.9-billion settlement of money-laundering charges ... read more

HSBC Holdings PLC (HSBC) Position Increased by First Republic Investment Management Inc.

First Republic Investment Management Inc. raised its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 40.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,905 shares of the company's stock after buying an ... read more

Former HSBC mortgage borrowers to begin receiving settlement payments

Attorney General Mark R. Herring announced today that more than 2,100 Virginia borrowers who were harmed by the mortgage servicing and foreclosure practices of HSBC will begin receiving checks of approximately $1,200. Eligible borrowers included those ... read more

HSBC mortgage borrowers in Virginia to get settlement checks totaling $2.5 million

Take the RTD on the go for just $1.99 a week. With your digital-only subscription you'll receive unlimited access to Richmond.com, our mobile website, mobile app and our replica e-edition. Get started now for $1.99 per week for 26 weeks ($8.62 monthly ... read more
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