News Release

HSBC Mortgage Corporation Employee Named Upstate Originator of 2001

6 May 2002

HSBC Mortgage Corporation (USA) is proud to announce that Laura J. Smith has been recognized by HSBC Bank USA as the 2001 Upstate Loan Originator of the Year.

Laura's loan fundings exceeded $27 million in 2001. She has maintained a Top Producer status for the last three years.

Laura is a member of the Penfield Business Network International and the Wayne County Board of Realtors. She volunteers at Rural Opportunities Neighborhood Housing Services and the Home Store teaching home buyer education to first time home owners.