Afraid of massive defaults banks began to decrease limits, freeze, or suspend home equity lines on borrowers. (northshoreadvisory.com)
Additionally, China's cities and provinces have spent colossal sums of money, which they have been able to borrow, because Hong Kong is a center of international finance in Asia, but that role would undoubtedly disappear if war broke out, causing massive default throughout China. (politics.stackexchange.com)
Recent troubles in the sub-prime mortgage industry, featuring massive defaults and foreclosures, resulted in huge losses for sub-prime mortgage lenders... (badcreditloanservices.com)