All Posts Tagged With: "line of credit"
The Mortgage Modification That Hurts Borrowers
Our lender has modified our mortgage. That sounds pretty good because mortgage modifications are in the news and some people very much need new rates and terms.
But in this case, what’s happened is this: Out of the blue and without any other notice our lender has cut off our home equity line of credit (HELOC). [...]
Mortgages: Lender Cut-Off Goes To Court
A suit has been filed in Illinois against JPMortgage Chase alleging that the bank has cut off home equity lines of credit “in an attempt to limit their exposure to the risk of collapse in the United States housing market and rid themselves of less-profitable loans, Defendants have broken contractual promises to their HELOC account [...]
24Aug2009 | Peter G. Miller | 0 comments | Continued
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