The moves are part of an increasingly rapid withdrawal by lenders from the most competitive mortgage deals as the credit crunch continues to bite and house prices fall.

此举是最具竞争力的按揭交易机构迅速撤资的结果，这是因为信贷紧缩依然加剧，房地产价格也在下跌。

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A second reason is that the merger of two of the country's big domestic Banks, Commerzbank and Dresdner bank, is leading to a sharp withdrawal of credit from the Mittelstand.

第二个原因就是两大国内银行——德国商业银行和德累斯顿银行的合并导致对中型企业的信贷撤离。

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However for Morgan Stanley, the risk aversion of German, French and other northern European banks is now so entrenched that it does not expect them to cease their withdrawal of credit from Spain, Italy and the other weaker economies, even in the circumstances where the ECB penalises them for sitting on cash.

BBC: Can Draghi do 'whatever it takes' to save euro?

And if borrowers place some of the withdrawal from a home-equity loan, a line of credit or cash-out refi in a bank or brokerage account, it will likely lead to a smaller financial-aid package for the next academic year.

WSJ: You Paid for College