Wednesday, May 7, 2008 | 8:40 a.m.
Countrywide Financial Corp., one of the nation's largest mortgage lenders, has suspended the home equity credit lines of nearly all of its Las Vegas customers.
Lenders Countrywide, Bank of America Corp., Washington Mutual Inc. and IndyMac Bancorp Inc. are targeting borrowers in cities where property values are falling. With a rising number of homes in foreclosure and more obstacles preventing would-be home buyers from securing loans, the Las Vegas economy may not see an improvement in the near future.
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