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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

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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 reveals Swiss data theft affects 24,000 clients

HSBC was on Thursday rushing to contact all the wealthy clients of its Swiss private bank after it admitted that data affecting 24,000 current and former clients had been stolen. In December, the bank said it believed fewer than 10 accounts were affected ... read more

The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification

As part of the agreement between HSBC Bank USA, N.A. ("HSBC") and PHH Mortgage, HSBC will outsource its mortgage processing and servicing business to PHH, and transfer 400 former HSBC employees ... a certification that the borrower has received counseling ... read more

British HSBC banker arrested at JFK airport over £2.7billion exchange rate scam 'shouted 'Oh f****** Christmas' as he made £6million profit'

He was released last night after paying his $1million bail, using $300,000 in cash and the rest believed to be tied up in the mortgage of his £ ... Johnson and Scott – former head of European currency trading at HSBC – are alleged to have engaged ... read more
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