Robert McLister·General·October 3, 2007HSBC Finance Mortgages Halts Operations HSBC Finance Canada‘s mortgage subsidiary is now the latest casualty of the North American subprime/liquidity crisis. HSBC Finance Mortgages Inc., which handled HSBC’s alternative (non-prime) mortgages in Canada, has “ceased operations” as of yesterday. The news follows a September 21 announcement that HSBC was shuttering its U.S. subprime operations. This move will not affect HSBC’s prime mortgage business in Canada, which remains in full operation. We wish all HSBC Finance employees the very best. They are a class team of professionals. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.