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LA Mortgage News:

As oil ramps up, banks give shale industry a wide berth - Houston Chronicle

Houston Chronicle

As oil ramps up, banks give shale industry a wide berth
Houston Chronicle
Second lien loans, the drillers' equivalent of a second mortgage, were widely available in the days of $100-a-barrel oil and worth tens of billions of dollars to the oil industry. But no longer. "That market is closed," said Stephen ... New Orleans ...

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