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Statement from Congresswoman Hochul on HSBC's Transfer of Mortgage Operations to PHH

Statement

By: Kathy Hochul

Date: May 7, 2012

Issues: Finance and Banking Housing and Property

Following this morning's announcement that HSBC Bank will transfer its retail mortgage operations to PHH Mortgage, Congresswoman Kathy Hochul released the following statement:

"Protecting good jobs in Western New York is among my top priorities. This morning I spoke with the top leadership of HSBC and PHH to ensure both companies maintain a strong presence in Western New York. After hearing from executives, I remain optimistic that both companies will remain an integral part of our local economy by keeping jobs here."

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