HSBC's residential lending and servicing business continues to be under what the bank calls a “strategic review,” leaving its mortgage workers in limbo.Servicing advisors say the bank has considered selling its Depew, N.Y., servicing platform and its roughly $42 billion of receivables, but hasn't liked the bids offered thus has far.

According to figures compiled by National Mortgage News and the Quarterly Data Report, HSBC Mortgage USA ranks 22nd nationwide among servicers, and 38th among residential lenders.

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