Ryan's Mortgage Blog:
A while back I wrote a blog about lenders freezing Helocs(Home Equity Line of Credit). While it is still happening, the FDIC is stepping in. Here is an excerpt from an article I posted below from housing wire: "The FDIC letter warned banks that such a shotgun-style approach to freezing HELOCs might violate Truth-in-Lending regulations; under Regulation Z, lenders can reduce an applicable credit limit only in the event of “significant decline” to the value of an individual property (a “material change” in the borrower’s financial condition — such as the loss of a job — qualifies as well)." http://www.housingwire.com/

Another interesting article I ran across was about Wachovia Corp. getting rid of their "pick-a-payment" loans, aka option ARM. A no brainer for them but in case you are interested here it is:
Wachovia Article

I can be reached at RBaker@PeregrineLending.com or 805-540-0866.