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Home » Store » News » Chase/WaMu Sued for Freezing HELOCs, California Lawsuit is Frivolous, Observer Says

Chase/WaMu Sued for Freezing HELOCs, California Lawsuit is Frivolous, Observer Says

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A federal court in California’s southern district was asked to certify class in a case that may have ramifications for all borrowers with a home-equity line of credit that was either restricted or frozen by their lender in an attempt to limit the institution’s exposure in the weak housing market. Attorneys for Michelle Kimball filed a complaint June 10 alleging that defendants...
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