This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: Decision One was a big middleman in the subprime industry. It originated loans through thousands of brokers and then sold those loans to firms that bundled them and sold them as mortgage-backed securities. Decision One was …
Decision One Not The Source of HSBC Subprime Problems Read More »
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: HSBC Holdings PLC, Europe’s biggest bank, said yesterday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million (U.S.) in charges and writedowns, because the business is no longer sustainable. …
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: Merrill Lynch’s appetite for acquisition is one thing but proper research and due diligence is quite another. Amid all the uproar over at HSBC, Merrill Lynch decided to buy subprime lender First Franklin in September 2006. …
