	Exhibit 99.1
	MONTHLY DISTRIBUTION STATEMENT TO CERTIFICATEHOLDERS

	HSBC Home Equity Loan Trust (USA) 2007-1

	Distribution Number		5
	Beginning Date of Collection Period		1-Aug-07
	Ending Date of Collection Period		31-Aug-07
	Distribution Date		20-Sep-07
	Previous Distribution Date		20-Aug-07
	Floating-Rate Certificates Interest Period Beginning On		20-Aug-07
	Floating-Rate Certificates Interest Period Ending On		19-Sep-07

	Funds Disbursement
	Collected Funds (including Servicing Fee)		22,809,634.03
	Available Distribution Amount		22,428,410.09
	Principal Collections		16,401,751.86

	Net Interest Collections		6,026,658.23

	Interest Collections		6,407,882.17
	Principal recoveries		0.00
	Compensating Interest		0.00
	Servicing Fee (after Compensating Interest)		381,223.94

	Disbursements		22,809,634.03
	Current Interest and Interest Carryforward Amount Distributed to Certificateholders		3,677,129.61
	Principal Distribution Amount to Certificateholders		16,401,751.86
	Unpaid Realized Loss Amount to Certificateholders		0.00
	Net Rate Carryover Amount to Certificateholders		0.00
	Remaining Available Distribution Amount to Class R Certificateholder		2,349,528.62
	Servicing Fee after Compensating Interest (to Servicer)		381,223.94

	Other payments or reimbursements to Servicer pursuant to Section 3.03		0.00

	Pool Balance
	Beginning Pool Balance		914,937,448.19
	Principal Collections (including repurchases)		16,401,751.86
	Realized Loss		0.00
	Ending Pool Balance		898,535,696.33

	Certificate Balance
	Beginning Certificate Balance		743,630,892.87
	Certificate Paydown		16,401,751.86
	Applied Realized Loss Amount		0.00
	Ending Certificate Balance		727,229,141.01

Collateral Performance
Cash yield (% of beginning balance, annualized)	8.40%
Loss rate (% of beginning balance, net of principal recoveries)	0.00%
Net yield	8.40%
Realized Losses (including recoveries)	0.00
Cumulative Realized Losses	0.00
Cumulative Loss Percentage	0.00%
Delinquent Loans:
One payment principal balance of loans	3,687,131.50
One payment number of loans	32
Two payments principal balance of loans	2,052,705.88
Two payments number of loans	16
Three payments plus principal balance of loans	834,335.94
Three payments plus number of loans	9
One Payment Delinquency Percentage (for related Collection Period)	0.41%
Two Payment Delinquency Percentage (for related Collection Period)	0.23%
Two Payment Plus Delinquency Percentage (for related Collection Period)	0.32%
Two Payment Plus Rolling Average (for such Distribution Date)	0.18%
Three Payment Plus Delinquency Percentage (for related Collection Period)	0.09%

Aggregate Principal Balance of Loans that were restructured during such Collection Period	1,572,644.61
Aggregate Principal Balance of Loans restructured in Collection Period as % of EOP Pool Balance		0.18%


Home Equity Loan Detail
Number of loans purchased or substituted pursuant to Section 2.02	-
Principal balance of loans purchased or substituted pursuant to Section 2.02	0.00
Number of loans purchased or substituted pursuant to Section 2.04	-
Principal balance of loans purchased or substituted pursuant to Section 2.04	0.00
Number of loans purchased or substituted pursuant to Section 3.01	-
Principal balance of loans purchased or substituted pursuant to Section 3.01	0.00
Substitution Adjustment Amounts	0.00

Number outstanding beginning of period	8,361
Number outstanding end of period	8,231
Principal balance of all REO as of the end of the Collection Period	0.00
Number of loans that went into REO during the Collection Period	-
Principal balance of loans that went into REO during the Collection Period	0.00


Overcollateralization
Beginning OC Amount	171,306,555.32
Realized Loss	0.00
OC Release Amount	0.00
Extra Principal Distribution Amount	0.00
Ending OC Amount	171,306,555.32


Target OC Amount	171,306,555.32
Interim OC Amount	171,306,555.32
Interim OC Deficiency	0.00

Monthly Excess Cashflow	2,349,528.62

Other
Stepdown	No
Credit Support Depletion Date Achieved	No
Trigger Event	No
Servicer Termination Event	No
Original Certificate Balance	810,400,000.00
Total EOP Certificate Principal Amount divided by Total Original Certificate Principal Amount		89.737061%
Total EOP Certificate Principal Amount divided by Total Original Certificate Principal Amount <15.00%			No
Certificate Group 1 Percentage	34.650034650%
Certificate Group 2 Percentage	65.349965350%


Interest Calculations
1 month LIBOR	5.53750%

Class A-S Formula Rate (1-mo. Libor plus 20 bps)	5.73750%
Class A-S Pass-Through Rate	5.73750%
Class A-M Formula Rate (1-mo. Libor plus 24 bps)	5.77750%
Class A-M Pass-Through Rate	5.77750%
Class A-1F Formula Rate (5.91%)	5.91000%
Class A-1F Pass-Through Rate	5.91000%
Class A-1V Formula Rate (1-mo. Libor plus 11 bps)	5.64750%
Class A-1V Pass-Through Rate	5.64750%
Class A-2F Formula Rate (5.60%)	5.60000%
Class A-2F Pass-Through Rate	5.60000%
Class A-2V Formula Rate (1-mo. Libor plus 18 bps)	5.71750%
Class A-2V Pass-Through Rate	5.71750%
Class A-3F Formula Rate (5.73%)	5.73000%
Class A-3F Pass-Through Rate	5.73000%
Class A-3V Formula Rate (1-mo. Libor plus 24 bps)	5.77750%
Class A-3V Pass-Through Rate	5.77750%
Class A-4 Formula Rate (1-mo. Libor plus 36 bps)	5.89750%
Class A-4 Pass-Through Rate	5.89750%
Class M-1 Formula Rate (1-mo. Libor plus 38 bps)	5.91750%
Class M-1 Pass-Through Rate	5.91750%
Class M-2 Formula Rate (1-mo. Libor plus 48 bps)	6.01750%
Class M-2 Pass-Through Rate	6.01750%

Net Rate Cap for Fixed Rate Certificates	7.87880%

	Net Rate Cap for Floating Rate Certificates		7.62465%

	Class A-S Certficateholder's Statement

	A. Information on Distributions
	Original Class A-S Certificate Balance		200,000,000.00
	1. Total Distributions per $1,000		27.216260
	2. Principal Distribution per $1,000		22.732851
	3. Interest Distribution per $1,000		4.483409

	B. Calculation of Class A-S Interest
	1. Class A-S Pass-Through Rate		5.73750%
	2. Days in Accrual Period		31

	3. Class A-S Interest Due		896,681.86
	4. Class A-S Interest Paid		896,681.86
	5. Class A-S Interest Carry Forward Amount Due		0.00
	6. Class A-S Interest Carry Forward Amount Paid		0.00
	7. Class A-S Net Rate Carryover Amount Due		0.00
	8. Class A-S Net Rate Carryover Amount Paid		0.00

	9. Class A-S Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-S Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-S Principal
	1. Class A-S Certificate Principal Amount, BOP		181,491,584.99
	2. Class A-S Principal Due		4,546,570.16
	3. Class A-S Principal Paid		4,546,570.16
	4. Class A-S Certificate Principal Amount, EOP		176,945,014.83

	5. Class A-S Certificate Principal Amount as a % of Original Class A-S		88.472507%
	Certificate Principal Amount, EOP
	6. Class A-S Certificate Principal Amount as a % of the Pool Balance, EOP		19.692597%
	7. Class A-S Certificate principal distribution percentage		27.720027707%

	Class A-M Certficateholder's Statement

	A. Information on Distributions
	Original Class A-M Certificate Balance		50,000,000.00
	1. Total Distributions per $1,000		27.247517
	2. Principal Distribution per $1,000		22.732851
	3. Interest Distribution per $1,000		4.514666

	B. Calculation of Class A-M Interest
	1. Class A-M Pass-Through Rate		5.77750%
	2. Days in Accrual Period		31

3. Class A-M Interest Due		225,733.31
4. Class A-M Interest Paid		225,733.31
5. Class A-M Interest Carry Forward Amount Due		0.00
6. Class A-M Interest Carry Forward Amount Paid		0.00
7. Class A-M Net Rate Carryover Amount Due		0.00
8. Class A-M Net Rate Carryover Amount Paid		0.00

9. Class A-M Unpaid Interest Carry Forward Amount, EOP		0.00
10. Class A-M Unpaid Net Rate Carryover Amount, EOP		0.00

C. Calculation of Class A-M Principal
1. Class A-M Certificate Principal Amount, BOP		45,372,896.26
2. Class A-M Principal Due		1,136,642.54
3. Class A-M Principal Paid		1,136,642.54
4. Class A-M Certificate Principal Amount, EOP		44,236,253.72

5. Class A-M Certificate Principal Amount as a % of Original Class A-M		88.472507%
Certificate Principal Amount, EOP
6. Class A-M Certificate Principal Amount as a % of the Pool Balance, EOP		4.923149%
7. Class A-M Certificate principal distribution percentage		6.930006927%

Class A-1F Certficateholder's Statement

A. Information on Distributions
Original Class A-1F Certificate Balance	144,100,000.00
1. Total Distributions per $1,000	45.432689
2. Principal Distribution per $1,000	41.336441
3. Interest Distribution per $1,000	4.096248

B. Calculation of Class A-1F Interest
1. Class A-1F Pass-Through Rate	5.91000%
2. Days in Accrual Period	30

3. Class A-1F Interest Due	590,269.32
4. Class A-1F Interest Paid	590,269.32
5. Class A-1F Interest Carry Forward Amount Due	0.00
6. Class A-1F Interest Carry Forward Amount Paid	0.00
7. Class A-1F Net Rate Carryover Amount Due	0.00
8. Class A-1F Net Rate Carryover Amount Paid	0.00

9. Class A-1F Unpaid Interest Carry Forward Amount, EOP	0.00
10. Class A-1F Unpaid Net Rate Carryover Amount, EOP	0.00

C. Calculation of Class A-1F Principal
1. Class A-1F Certificate Principal Amount, BOP	119,851,638.70
2. Class A-1F Principal Due	5,956,581.15

3. Class A-1F Principal Paid	5,956,581.15
4. Class A-1F Certificate Principal Amount, EOP	113,895,057.55

5. Class A-1F Certificate Principal Amount as a % of Original Class A-1F	79.038902%
Certificate Principal Amount, EOP
6. Class A-1F Certificate Principal Amount as a % of the Pool Balance, EOP	12.675630%
7. Class A-1F Certificate principal distribution percentage	36.316737388%

Class A-1V Certficateholder's Statement

A. Information on Distributions
Original Class A-1V Certificate Balance		115,200,000.00
1. Total Distributions per $1,000		45.381226
2. Principal Distribution per $1,000		41.336441
3. Interest Distribution per $1,000		4.044785

B. Calculation of Class A-1V Interest
1. Class A-1V Pass-Through Rate		5.64750%
2. Days in Accrual Period		31

3. Class A-1V Interest Due		465,959.22
4. Class A-1V Interest Paid		465,959.22
5. Class A-1V Interest Carry Forward Amount Due		0.00
6. Class A-1V Interest Carry Forward Amount Paid		0.00
7. Class A-1V Net Rate Carryover Amount Due		0.00
8. Class A-1V Net Rate Carryover Amount Paid		0.00

9. Class A-1V Unpaid Interest Carry Forward Amount, EOP		0.00
10. Class A-1V Unpaid Net Rate Carryover Amount, EOP		0.00

C. Calculation of Class A-1V Principal
1. Class A-1V Certificate Principal Amount, BOP		95,814,772.92
2. Class A-1V Principal Due		4,761,958.01
3. Class A-1V Principal Paid		4,761,958.01
4. Class A-1V Certificate Principal Amount, EOP		91,052,814.91

5. Class A-1V Certificate Principal Amount as a % of Original Class A-1V		79.038902%
Certificate Principal Amount, EOP
6. Class A-1V Certificate Principal Amount as a % of the Pool Balance, EOP		10.133467%
7. Class A-1V Certificate principal distribution percentage		29.033227979%

Class A-2F Certficateholder's Statement

A. Information on Distributions
Original Class A-2F Certificate Balance		34,400,000.00
1. Total Distributions per $1,000		4.666667

	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		4.666667

	B. Calculation of Class A-2F Interest
	1. Class A-2F Pass-Through Rate		5.60000%
	2. Days in Accrual Period		30

	3. Class A-2F Interest Due		160,533.33
	4. Class A-2F Interest Paid		160,533.33
	5. Class A-2F Interest Carry Forward Amount Due		0.00
	6. Class A-2F Interest Carry Forward Amount Paid		0.00
	7. Class A-2F Net Rate Carryover Amount Due		0.00
	8. Class A-2F Net Rate Carryover Amount Paid		0.00

	9. Class A-2F Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-2F Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-2F Principal
	1. Class A-2F Certificate Principal Amount, BOP		34,400,000.00
	2. Class A-2F Principal Due		0.00
	3. Class A-2F Principal Paid		0.00
	4. Class A-2F Certificate Principal Amount, EOP		34,400,000.00

	5. Class A-2F Certificate Principal Amount as a % of Original Class A-2F		100.000000%
	Certificate Principal Amount, EOP
	6. Class A-2F Certificate Principal Amount as a % of the Pool Balance, EOP		3.828451%
	7. Class A-2F Certificate principal distribution percentage		0.000000000%

	Class A-2V Certficateholder's Statement

	A. Information on Distributions
	Original Class A-2V Certificate Balance		28,700,000.00
	1. Total Distributions per $1,000		4.923403
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		4.923403

	B. Calculation of Class A-2V Interest
	1. Class A-2V Pass-Through Rate		5.71750%
	2. Days in Accrual Period		31

	3. Class A-2V Interest Due		141,301.66
	4. Class A-2V Interest Paid		141,301.66
	5. Class A-2V Interest Carry Forward Amount Due		0.00
	6. Class A-2V Interest Carry Forward Amount Paid		0.00
	7. Class A-2V Net Rate Carryover Amount Due		0.00
	8. Class A-2V Net Rate Carryover Amount Paid		0.00

	9. Class A-2V Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-2V Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-2V Principal
	1. Class A-2V Certificate Principal Amount, BOP		28,700,000.00
	2. Class A-2V Principal Due		0.00
	3. Class A-2V Principal Paid		0.00
	4. Class A-2V Certificate Principal Amount, EOP		28,700,000.00

	5. Class A-2V Certificate Principal Amount as a % of Original Class A-2V		100.000000%
	Certificate Principal Amount, EOP
	6. Class A-2V Certificate Principal Amount as a % of the Pool Balance, EOP		3.194086%
	7. Class A-2V Certificate principal distribution percentage		0.000000000%

	Class A-3F Certficateholder's Statement

	A. Information on Distributions
	Original Class A-3F Certificate Balance		45,700,000.00
	1. Total Distributions per $1,000		4.775000
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		4.775000

	B. Calculation of Class A-3F Interest
	1. Class A-3F Pass-Through Rate		5.73000%
	2. Days in Accrual Period		30

	3. Class A-3F Interest Due		218,217.50
	4. Class A-3F Interest Paid		218,217.50
	5. Class A-3F Interest Carry Forward Amount Due		0.00
	6. Class A-3F Interest Carry Forward Amount Paid		0.00
	7. Class A-3F Net Rate Carryover Amount Due		0.00
	8. Class A-3F Net Rate Carryover Amount Paid		0.00

	9. Class A-3F Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-3F Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-3F Principal
	1. Class A-3F Certificate Principal Amount, BOP		45,700,000.00
	2. Class A-3F Principal Due		0.00
	3. Class A-3F Principal Paid		0.00
	4. Class A-3F Certificate Principal Amount, EOP		45,700,000.00

	5. Class A-3F Certificate Principal Amount as a % of Original Class A-3F		100.000000%
	Certificate Principal Amount, EOP
	6. Class A-3F Certificate Principal Amount as a % of the Pool Balance, EOP		5.086053%
	7. Class A-3F Certificate principal distribution percentage		0.000000000%

	Class A-3V Certficateholder's Statement

	A. Information on Distributions
	Original Class A-3V Certificate Balance		34,100,000.00
	1. Total Distributions per $1,000		4.975070
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		4.975070

	B. Calculation of Class A-3V Interest
	1. Class A-3V Pass-Through Rate		5.77750%
	2. Days in Accrual Period		31

	3. Class A-3V Interest Due		169,649.87
	4. Class A-3V Interest Paid		169,649.87
	5. Class A-3V Interest Carry Forward Amount Due		0.00
	6. Class A-3V Interest Carry Forward Amount Paid		0.00
	7. Class A-3V Net Rate Carryover Amount Due		0.00
	8. Class A-3V Net Rate Carryover Amount Paid		0.00

	9. Class A-3V Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-3V Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-3V Principal
	1. Class A-3V Certificate Principal Amount, BOP		34,100,000.00
	2. Class A-3V Principal Due		0.00
	3. Class A-3V Principal Paid		0.00
	4. Class A-3V Certificate Principal Amount, EOP		34,100,000.00

	5. Class A-3V Certificate Principal Amount as a % of Original Class A-3V		100.000000%
	Certificate Principal Amount, EOP
	6. Class A-3V Certificate Principal Amount as a % of the Pool Balance, EOP		3.795063%
	7. Class A-3V Certificate principal distribution percentage		0.000000000%

	Class A-4 Certficateholder's Statement

	A. Information on Distributions
	Original Class A-4 Certificate Balance		69,300,000.00
	1. Total Distributions per $1,000		5.078403
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		5.078403

	B. Calculation of Class A-4 Interest
	1. Class A-4 Pass-Through Rate		5.89750%
	2. Days in Accrual Period		31

	3. Class A-4 Interest Due		351,933.31
	4. Class A-4 Interest Paid		351,933.31

	5. Class A-4 Interest Carry Forward Amount Due		0.00
	6. Class A-4 Interest Carry Forward Amount Paid		0.00
	7. Class A-4 Net Rate Carryover Amount Due		0.00
	8. Class A-4 Net Rate Carryover Amount Paid		0.00

	9. Class A-4 Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class A-4 Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class A-4 Principal
	1. Class A-4 Certificate Principal Amount, BOP		69,300,000.00
	2. Class A-4 Principal Due		0.00
	3. Class A-4 Principal Paid		0.00
	4. Class A-4 Certificate Principal Amount, EOP		69,300,000.00

	5. Class A-4 Certificate Principal Amount as a % of Original Class A-4		100.000000%
	Certificate Principal Amount, EOP
	6. Class A-4 Certificate Principal Amount as a % of the Pool Balance, EOP		7.712548%
	7. Class A-4 Certificate principal distribution percentage		0.000000000%

	Class M-1 Certficateholder's Statement

	A. Information on Distributions
	Original Class M-1 Certificate Balance		44,200,000.00
	1. Total Distributions per $1,000		5.095625
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		5.095625

	B. Calculation of Class M-1 Interest

	1. Class M-1 Pass-Through Rate		5.91750%
	2. Days in Accrual Period		31

	3. Class M-1 Interest Due		225,226.63
	4. Class M-1 Interest Paid		225,226.63
	5. Class M-1 Interest Carry Forward Amount Due		0.00
	6. Class M-1 Interest Carry Forward Amount Paid		0.00
	7. Class M-1 Net Rate Carryover Amount Due		0.00
	8. Class M-1 Net Rate Carryover Amount Paid		0.00

	9. Class M-1 Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class M-1 Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class M-1 Principal

	1. Class M-1 Certificate Principal Amount, BOP		44,200,000.00
	2. Class M-1 Principal Due		0.00
	3. Class M-1 Principal Paid		0.00

	4. Class M-1 Certificate Applied Realized Loss Amount		0.00
	5. Class M-1 Certificate Principal Amount, EOP		44,200,000.00


	6. Class M-1 Certificate Principal Amount as a % of Original Class M-1
	Certificate Principal Amount, EOP		100.000000%
	7. Class M-1 Certificate Principal Amount as a % of the Pool Balance, EOP		4.919115%
	8. Class M-1 Certificate principal distribution percentage		0.000000000%
	9. Class M-1 Certificate Reimbursements to Unpaid Realized Loss Amount		0.00
	10. Class M-1 Certificate Unpaid Realized Loss Amount, EOP		0.00

	Class M-2 Certficateholder's Statement

	A. Information on Distributions
	Original Class M-2 Certificate Balance		44,700,000.00
	1. Total Distributions per $1,000		5.181736
	2. Principal Distribution per $1,000		0.000000
	3. Interest Distribution per $1,000		5.181736

	B. Calculation of Class M-2 Interest

	1. Class M-2 Pass-Through Rate		6.01750%
	2. Days in Accrual Period		31

	3. Class M-2 Interest Due		231,623.60
	4. Class M-2 Interest Paid		231,623.60
	5. Class M-2 Interest Carry Forward Amount Due		0.00
	6. Class M-2 Interest Carry Forward Amount Paid		0.00
	7. Class M-2 Net Rate Carryover Amount Due		0.00
	8. Class M-2 Net Rate Carryover Amount Paid		0.00

	9. Class M-2 Unpaid Interest Carry Forward Amount, EOP		0.00
	10. Class M-2 Unpaid Net Rate Carryover Amount, EOP		0.00

	C. Calculation of Class M-2 Principal

	1. Class M-2 Certificate Principal Amount, BOP		44,700,000.00
	2. Class M-2 Principal Due		0.00
	3. Class M-2 Principal Paid		0.00
	4. Class M-2 Certificate Applied Realized Loss Amount		0.00
	5. Class M-2 Certificate Principal Amount, EOP		44,700,000.00


	6. Class M-2 Certificate Principal Amount as a % of Original Class M-2
	Certificate Principal Amount, EOP		100.000000%
	7. Class M-2 Certificate Principal Amount as a % of the Pool Balance, EOP		4.974761%
	8. Class M-2 Certificate principal distribution percentage		0.000000000%

	9. Class M-2 Certificate Reimbursements to Unpaid Realized Loss Amount		0.00
	10. Class M-2 Certificate Unpaid Realized Loss Amount, EOP		0.00

	HSBC FINANCE CORPORATION,
	HSBC Home Equity Loan Trust (USA) 2007-1

	The undersigned, a duly authorized representative of HSBC Finance Corporation,
	as Servicer (the "Servicer"), pursuant to a Pooling and Servicing Agreement
	dated as of April 26, 2007 (the "Pooling and Servicing Agreement"), by and among
	HSBC Home Equity Loan Corporation II, as Depositor, the Servicer,
	U.S. Bank National Association, as Trustee, HSBC Bank USA, National
	Association, as Administrator, and HSBC Home Equity Loan Trust (USA) 2007-1, the
	Trust, does hereby certify with respect to the information set forth below as follows:

	1. Capitalized terms used in this Servicing Certificate shall have the respective
	meanings set forth in the Pooling and Servicing Agreement.

	2. HSBC Finance Corporation is, as of the date hereof, the
	Servicer under the Pooling and Servicing Agreement.

	3. The undersigned is a Servicing Officer.

	4. This Certificate relates to the Distribution Date occurring on September 20, 2007.

	5. As of the date hereof, to the best knowledge of the undersigned, the
	Servicer has performed in all material respects all of its obligations under the
	Pooling and Servicing Agreement through the Collection Period preceding such
	Distribution Date and that, except as may be noted on the Servicing Certificate
	related to a Trigger Event, no Servicer Termination Event has occurred
	since the prior Determination Date.

	IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate
	the 14th day of September, 2007

	HSBC FINANCE CORPORATION
	as Servicer

	By: /s/ Joyce A. Bevacqua
	Title: Servicing Officer

HSBC Home Equity Loan Trust (USA) 2007-1 10-D