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Home values' fall can freeze credit linesArizona Republic, AZ - 30 Aug 2008Yet as the credit crunch lingers, banks continue to mail such letters. The list includes Bank of America, Countrywide, Citibank and Washington Mutual. ... |
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Banks put stopper in home equity spigotThe Oregonian - OregonLive.com, OR - 23 Aug 2008Washington Mutual drastically reduced the couple's equity line of credit, based on a computer-generated analysis that the value of their home had dropped. ... |
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Even the Rich Get Home-Equity YankedWall Street Journal - 6 Aug 2008"A segment of clients was recently notified of a change in the status of their home-equity line of credit due to a change in the value of their property ... |
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Party's over: Lenders reel in lines of creditSan Jose Mercury News, USA - 17 Aug 2008By Amy Hoak When Denise Lopez bought two new tables, a floor lamp and a chair recently, her intent was to finance it with her home equity line of credit. ... |
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Home equity loan cutoffs spreadIndianapolis Star, United States - 8 Aug 2008Bank of America Corp. and Washington Mutual also have frozen home equity lines this year. The idea is to protect banks from lending more money than a home ... |
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How your credit limit can hurt your scoreCNN - 15 Aug 2008As the housing and mortgage markets have collapsed, lenders have also reduced the limits on what are known as home equity lines of credit, or HELOCs. ... |
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