New York Sues HSBC

From the WSJ: New York Attorney General Eric Schneiderman sued units of HSBC Holdings HSBA.LN +1.89% PLC on Tuesday, alleging the bank put mortgage borrowers at greater risk of losing their homes by repeatedly delaying the filing of paperwork that could have helped homeowners stave off foreclosure.

HSBC Bank USA and HSBC Mortgage Corp. violated state law by failing to file so-called Request for Judicial Intervention forms when pursuing foreclosures against borrowers, the attorney general's office said. The forms, which entitle a homeowner to a conference with their lender to discuss loan workouts and other alternatives to foreclosure, are required to be filed when a le

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