Bank of America yanks Countrywide Financial customers’ lines of credit - latimes.com

Countrywide/Bank of America home equity borrowers beware:

Bank of America yanks Countrywide Financial customers’ lines of credit - latimes.com

Of course many of us have experienced a lockdown in our home equity lines already, but this is a "wholesale" rollback for a large group of borrowers, and is not based on credit scores or balances. I'd recommend that anyone maintaining an open equity line of credit as a safety cushion for the unexpected double check it's actual availability once and awhile. You can't meet an unexpected need with an unavailable line of credit. - David