OK turns out I duplicated another ongoing thread, the one about Egg credit cards ... sorry all.
So let's talk about the shutting down of HELOCs, it appears what is happening is the banks are not letting people take funds out of their Home Equity Lines Of Credit. They're restricting amounts, in some cases just plain shutting 'em down as far as withdrawals go.
Another thing they appear to be doing is making offers, like if a person has $100k balance on their HELOC and they can come up with a fast $50k, they can pay it all off for that.
This reminds me of the 50% off offers I"m getting, except they can just go fish, I don't have it.





