Posts tagged as:

hsbc loan modification

Why Wait? HSBC is Modifying Some Loans Before Clients Ask

by Moe Bedard

HSBC Finance Corp. wanted a better mortgage modification mousetrap.At the beginning of the year, nearly a fifth of the Mettawa, Ill., lender’s real estate loan portfolio had been modified after becoming delinquent. Freezes on initial rate resets for another roughly $1.3 billion of adjustable-rate mortgages were due to lapse this year. And a bottom in [...]

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News for People Who Have HSBC as a Lender

by Moe Bedard

I subscribe to various news alerts through Google and this one just came in. It’s an article in Forbes and an interesting one at that.
Apparently they are aggressively calling clients who are in an ARM loan that may be at risk of mortgage default when it adjusts.
Here is a quote for that article.
” The bank [...]

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Loan Modification with HSBC

by Moe Bedard

If you are looking for a loan modification or short sale with HSBC to avoid foreclosure, then you may be in luck. Recent reports and new articles indicate that they are taking an active role to help borrowers that are in ARM mortgages that have adjusted and they can no longer afford the payment.
Recently they [...]

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