Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- $6 billion in cuts in WAMU HELOCs
-
I’ve posted several times about lenders — notably Washington Mutual — freezing or reducing HELOCs, or home equity lines of credit. This article indicates that letters are going out right now to notify more borrowers that their lines of credit have been suspended or slashed: "Washington Mutual has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market."
…
Original Source
-
18 May, 2008| housingblogs |
@ 19:42