HSBC Finance Corporation was formed from the legal entity that had been known as Household International, and is now is expanding its consumer finance model via the HSBC Group. HSBC offers competitive wholesale conforming and non-conforming rates to mortgage brokers around the country.
HSBC mortgages can be obtained through a Mortgage Broker approved to do business with them. They offer a variety of products to meet the needs of many borrowers.
HSBC stands for Hongkong & Shanghai Banking Corporation (Limited)
HSBC does alot of mortgage loans through their corresponding wholesale mortgage operation which distributes most of their money through mortgage brokers.
Working with a mortgage broker to obtain a mortgage loan through HSBC mortgage will generally provide you a better overall deal than dealing with the bank directly yourself. A mortgage broker can generally provide you with HSBC's wholesale rates instead of their retail rates which can mean more savings for you. Their are many lenders that operate similar to HSBC Mortgage such as Countrywide, Wells Fargo, National City, CitiBank, Wachovia, Chase, and many others. Generally you can get a better rate by dealing with a mortgage broker versus dealing directly with any of these banks yourself.
HSBC is just one of many lenders that provide wholesale rates to mortgage brokers around the country.