FDIC Freezes All IndyMac Home Equity Lines
Posted on 15 July 2008 by Jamie
If you’re an IndyMac customer, your home equity line of credit is now inaccessible. After taking over the struggling bank, the government has frozen all customer HELOCs.
The FDIC says that home equity lines will be reviewed on a case-by-case basis. But, no information about the review process is currently available.
It is possible that some IndyMac HELOC customers will never be able to access their lines again.
See Also:
FDIC Warns Lenders About Freezing HELOCs
Tags | FDIC, Heloc, heloc freeze, home equity line of credit, IndyMac, mortgage crisis