NEW YORK CITY-HSBC Bank USA is mulling over the sale of HSBC Mortgage Corp., its mortgage unit based in the US. According to the bank, the mortgage wing might dispose of all the assets it owns. A spokesperson of the bank revealed that the bank needs an assessment of its US mortgage business.
HSBC Bank USA is the U.S. subsidiary of HSBC Holdings Plc. based out of London and runs its key US operations from New York. For the full story, go to Housing Wire.
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