News Release

HSBC Mortgage Corp. USA Employee Recognized

Mortgage Bankers Association of Metropolitan Washington Announces Loan Production Council Winners

12 June 2002

HSBC Mortgage Corporation (USA) is proud to announce that Kathy L. Neal has been recognized as one of the 2001 Loan Production Council Winners by the Mortgage Bankers Association of Metropolitan Washington.

This award is presented to loan officers who have demonstrated excellence in mortgage banking through production volume, continuing education and professional ethics. Kathy was recognized at the Diamond Award level ($120 million-$47 million) in production volume.