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As Morgan Stanley (MS) freezes home equity loans, consumers shudder

bloggingstocks.com » 2008 » August » 7th » As Morgan Stanley (MS) freezes home equity loans, consumers shudder

Tagged: ms, housing, housing market, housing bubble, home equity loans, housingbubble, housingmarket, inthenews, homeequityloans, homeequitylines, home equity lines

Filed under: Morgan Stanley (MS), Economic data, Housing Morgan Stanley (NYSE:MS) has decided it does not want to take the risk of laying out more money on many of the home equity loans it has given to customers. Many of the houses backing these funds are now worth less than their mortgages. According to Bloomberg, Morgan "told thousands of clients this week that they won't be allowed to … Continue Reading »

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