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HSBC Finance Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Oct 30, 2017. Its latest SEC filing is a 15-15D from Jan 18, 2018.

The sections below describe the company as of the Q4 FY2016 annual report.

What Did They Do?

Manages a run-off portfolio of residential real estate loans and is selling the remaining receivables to investors.

Who Were Their Customers?

The company sells its real estate loan portfolios to third-party investors, including other banks, asset managers, hedge funds and private equity firms.

How Were They Changing?

Since the Q4 FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Net income
▼ −68% (Loss)
vs −$404M in Q3 FY2016
  • Jan 8, 2018 Announced plans to suspend reporting after its portfolio reached zero The real estate-secured receivable portfolio balance was zero at December 31, 2017; the company intended to file a Form 15.
  • Mar 8, 2017 Sold a pool of real estate-secured receivables The receivables had an unpaid principal balance of approximately $2.8 billion at sale.

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