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INDUSTRY UPDATE
Household International, Inc., a wholly owned subsidiary of HSBC North America Holdings Inc., announced August 3 that its retail services business has signed Kawasaki Motors Corp., U.S.A., to another multi-year, private-label financing agreement. Kawasaki is a leading distributor of motorcycles, ATVs, utility vehicles and personal watercraft.
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Ford Motor Credit Company announced on August 2 that the banking authority in China, the China Banking Regulatory Commission, has approved the company's initial application to provide auto financing in China.
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Countrywide Home Loans, Inc., a national leader in residential finance, and Century 21 All Islands today announced the formation of Western Paradise Financial, an operating division of Countrywide Mortgage Ventures, LLC. The joint venture between Countrywide and Century 21 All Islands will enable home buyers and sellers to access a wide array of home financing programs, while simplifying the entire process of buying or selling a home.
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