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HSBC Exits Correspondent, Wholesale Lending
Nov 20, 2008HSBC Holdings [stock HBC][/stock] confirmed Wednesday that it will cut roughly 325 U.S. jobs as part of an exit from wholesale/correspondent mortgage lending; the London-based bank shut down lending activity via third-party brokers on Tuesday afternoon. Among the cuts will be 100 account executives that worked with brokers nationwide, or all HSBC account execs; another 225 jobs will be lost at the firm’s Depew, New York-based office, Bloomberg News reported.
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Top UBS Bond Analyst Moves On
Nov 20, 2008 -
Mortgage Applications Send Mixed Signals, Again
Nov 19, 2008 -
Lender Forges Ahead with Hope for Homeowners Outreach Platform
Nov 11, 2008 -
AIG Posts Loss, Gets Additional Treasury Aid
Nov 10, 2008 -
Law Firm Ramps Up For Covered Bonds
Nov 06, 2008 -
Foreclosures Driving Price Declines, Sales Volume: Report
Nov 03, 2008 -
Mortgage REIT Insider: Dividends Dry Up
Oct 31, 2008
