By Christine Harper
Aug. 5 (Bloomberg) -- Morgan Stanley, the second-biggest
U.S. securities firm, told several thousand clients this week that they won't be allowed to withdraw money on their home- equity credit lines, said a person familiar with the situation.
By Jody Shenn
Aug. 5 (Bloomberg) -- Fannie Mae, the largest U.S. mortgage-
finance company, will raise a fee it charges lenders to buy their
mortgages or guarantee home-loan securities, a move that may
increase costs for borrowers.
Fannie Mae's ``adverse market delivery charge,'' introduced
earlier this year for all mortgages that the company helps finance, will rise to 0.50 percentage point on Oct. 1, from 0.25 percentage point, according to a letter to lenders posted on the Washington-based company's Web site.
The right enemy
5 years ago