Xceed Mortgage, a Toronto-based mortgage lender, says it has been served with a statement of claim filed by HSBC Financial in the Superior Court of Ontario. The lawsuit alleges breaches of Xceed’s credit and collection policies and related agreements, the company said in a release. “Xceed believes the statement of claim is frivolous and completely without merit and intends to vigorously defend itself in this matter,” the lender said. Xceed has about $1.9bn (US$1.88bn) of mortgages and other assets under administration.
HSBC Financial sues Xceed Mortgage in Ontario court
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program