Industry News

HSBC closes Decision One, lays off 750

Subprime lender a money loser for HSBC
Published on Sep 21, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

HSBC Finance Corp. said it will lay off 750 workers as it closes Decision One Mortgage, the company’s subprime wholesale lending channel, and concentrate on making loans through the company’s retail branches. The Prospect Heights, Ill.-based lender said most of ...