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Housing loans land HSBC in troubleHousing loans land HSBC in trouble HONG KONG: Global banking giant HSBC Holdings yesterday warned that increased provisions at its US mortgage business will result in much higher than expected loan impairment and risk costs for 2006.Source: www.gulf-times.comHSBC Trading Update – US Mortgage Services LONDON—-HSBC Holdings plc wishes to update the pre-close trading statement issued on [.]
HSBC to Boost Loan-Loss Provisions on Bad Mortgages (Update3)HSBC to Boost Loan-Loss Provisions on Bad Mortgages (Update3) Feb. 8 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank, said it’s setting aside 20 percent more than analysts estimated for loan losses in 2006 because the company’s U.S. mortgage business is deteriorating. The shares fell.Source: www.bloomberg.comUPDATE: Mortgage-backed Securities Sell Off After HSBC Warning NEW YORK (Dow Jones) [.]
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Bad Credit and Home RefinanceBad Credit and Home Refinance (ARA) – Mortgage rates are at historic lows, and it seems like everyone’s jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?Source: www.eveningtimes.comHousing Prices Expected to Fall It may not be the news homeowners, contractors and real estate agents want to hear, [.]