Bobby Mehta and Sandy Derickson have been named vice chairmen of Household International Inc., Prospect Heights, Ill.HSBC North America Holdings, the holding company for Household and other U.S. and Canadian businesses, said Mr. Mehta's responsibilities will include Household's consumer lending and mortgage services businesses, HSBC Bank USA's first-mortgage operations, and the strategic planning and corporate marketing for HSBC North America. Ms. Derickson's responsibilities will include Household's retail and insurance services, refund lending, and HFC Bank UK. The holding company also announced other personnel changes, most of which take effect May 1. Household managing directors Patrick Cozza, J. C. Faulkner, Adrian Hill, and Walter Menezes have all been promoted to group executive at Household, and James Kauffman, Household senior vice president for policy and compliance, has been named executive vice president for policy and compliance at HSBC North America. In addition, Seamus McMahon will join Household as an EVP; Household controller Kay Nelson has been promoted to SVP and chief accounting officer; and Jeanne Ebersole, Household's VP for human resources, will move to HSBC Bank USA in New York as EVP for human resources. The companies can be found online at http://www.household.com and http://www.us.hsbc.com.
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The influential nonbank mortgage company is calling for a "do no harm" approach to housing and finds comfort in officials' stated guardrails to that end.
2h ago -
The GSE accused four companies of trademark infringement, alleging they misrepresented to consumers that their products received its endorsement.
October 27 -
Fannie Mae revised its economic and housing outlook for 2025 and 2026, projecting mortgage rates to hit 6.3% and 5.9%, respectively.
October 27 -
Bill Pulte's X post has the industry excited that loan level price adjustments could change, but the impact would not be as beneficial as some think, KBW said.
October 27 -
A previous report on Waterstone Mortgage's Q3 earnings contained inaccurate information. We are correcting the record.
October 27 -
Malloy Evans and Danielle McCoy are moving on as both Williamson and Tom Klein, deputy general counsel, take on their respective responsibilities for now.
October 27



