When it comes to annoying lenders and mortgage servicers Saxon Mortgage Services Inc. takes the title as the most annoying, which reflects poorly on parent company Morgan Stanley. We are qualified to make that assessment for several reasons:
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People react in different ways to events in life. While some think of foreclosure as a business decision, others see it as a personal failure. This article shows how some see foreclosure as a life-and-death situation. Our hearts go out to those involved:
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Individual mortage companies have reached out to borrowers in an effort to assist them. Were those initial efforts sincere or driven public relations? The reason we ask the question stems from new reports after the Bush administration got involved. It seems that homeowners are not getting information, help, or the same answer twice. “The governor and the president are putting out information, but that definitely hasn’t trickled down to ground zero,” said Ed Smith Jr., vice president of governmental affairs and industry relations for the California Association of Mortgage Brokers.”
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A lively discussion is taking place at Household – HSBC Watch regarding HSBC, HFC, and Beneficial layoffs. HSBC employees are giving insight into what may happen. One reliable source provided verified information in that past that proved to be true, and recently said “2200 layoffs to be announced tonight/Friday (November 15-16). Amongst them many DSMS, BSMs who’ll have to choose between demotions or severence.” Keep in mind that nothing is official until it comes from HSBC.
Category: Archives, Economic Impact, Job Losses, Opinion, Your Answers
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The bank with the largest subprime losses to date, HSBC, is the subject of customer input today. At the same time a spot check of HSBC credit card customer satisfaction shows a 77 percent disapproval rating. Watchdog organization Household – HSBC Watch, established in 1999, receives customer reports and publishes the reports after a brief editor review.
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