Who Now Owns Household Finance Loans?

Who Now Owns Household Finance Loans?

In March of 2003, HSBC Holdings acquired Household International and all assets became the property of HSBC bank. In December of 2004, Household Finance merged with its subsidiary Household International and changed its name to the HSBC Finance Corporation, according to HSBC.

HSBC Finance provides customers with mortgage loans backed by real estate, reports Bloomberg. HSBC Finance offers home equity loans, home equity lines of credit and refinance loans. The bank also offers financing programs for first-time home buyers in the United States. The bank’s website provides a home loan center where users can view current mortgage interest rates on 30-year fixed-rate loans and 5/1 adjustable-rate loans.