NEW YORK (Reuters) ? KeyCorp, a large Midwest US bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain?s HSBC Holdings Plc and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking.

Terms were not disclosed. A unit of HSBC Finance Corp. acquired Champion?s $2.5 billion loan portfolio, which contains mortgages of about 30,000 customers, while Fortress will buy Champion?s origination platform.

?Champion?s loan portfolio is a very good fit for HSBC?s consumer lending business,? said Tom Detelich, president of HSBC Finance?s consumer lending unit. The unit has 1,350 branches in 46 US states, and operates under the HFC and Beneficial names.