David Podgursky

Banks Using Leverage to Force Home Equity Repayments

this practice shows which lenders will come out on top at the end of this "crisis" and which will be investigated for making it worse.

holding people that are hurting hostage rather than trying to work with them is a practice that will definitely end up being looked into by the Fed.

I believe that state Banking regulators should work now to stem this practice. getting a HELOC these days is tough enough as it is, but when the lenders will not subordinate or freeze the account entirely, they are just hurting the consumer.

alas ... banks really aren't interested in the consumer since they really are only accountable to their shareholders