Tag Archive | "Morgan Stanley"

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Wealthy Borrowers Affected By Home Equity Line Freezes

Even the wealthy have been affected by home equity line of credit freezes this year. Despite a good job and a solid income, many have faced HELOC reductions due to the declining value of property. The Wall Street Journal explains: “Wall Street firm Morgan Stanley added some of its well-heeled clients to the long list of customers [...] [...more]

HELOC Lenders, HELOC News Comments (0)

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Morgan Stanley Freezes HELOCs

Thousands of Morgan Stanley HELOC customers received notice that their lines had been reduced  or frozen this week, according to sources on the inside. Bloomburg.com explains: “Most of the clients had properties that have lost value, according to the person, who declined to be identified because the information isn’t public. The New York-based investment bank will review [...] [...more]

HELOC Lenders, HELOC News Comments (2)

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