HSBC Okayed as Fannie DUS Lender

HSBC Bank USA NA, New York, has been approved by Fannie Mae as a Delegated Underwriting and Servicing lender, according to the bank.HSBC Bank USA, the chief subsidiary of the HSBC USA Inc. bank holding company, said the approval will enable it to expand its offering of multifamily financing programs. The bank's involvement in the DUS program will be overseen by Glenn Grimaldi, senior vice president and national production manager of the bank's commercial real estate division. The bank can be found on the Web at http://us.hsbc.com.