Rodney,

 I am not trying to create panic.  I am just sharing the information.  Knowledge and education is key.   Since I wrote this article, I can confirm that an other lender, top 20 in volume in the US, is reviewing all HELOC's.  They are looking for activity on the account and a CLTV under 90%.  If you have no activity and you are above 90%, they will be freezing these accounts.  Oh yeah.  I  forgot to mention, one of my employees had their HELOC froze last month.  No explanation, no warning, he had planned to use it to buy another investment property. USAA was the lender.   His note on the loan had language in it that they could freeze the account any time they felt that the value was declining. 

Here is a link to an article from the Wall Street Journal, below is the informarion on freezing HELOC's. 

 http://online.wsj.com/article/SB120044716100193017.html

...In addition to walking away from delinquent loans, some banks are hoping to stave off future problems by reducing the amount of credit available to certain borrowers with lines of credit. Washington Mutual Inc. late last month notified about 3,200 of its customers with home-equity lines of credit that it was reducing the maximum amount they could borrow. The borrowers "have experienced an adverse change in their financial situation, as evidenced by a substantial credit-score reduction," a company memo said.

The memo added that in January, additional reviews would "result in additional decreases for borrowers with recently declining credit scores, as well as those with additional risk factors," such as declining home values.

A Washington Mutual spokeswoman says the action "was taken as part of our normal course of business" and that the company has "programs that have been in place for years that increase, decrease, block and suspend lines of credit based on a number of factors," including the borrower's payment status, credit history and property value.

Citigroup Inc.'s Citibank unit says that under the borrower's credit agreement, it is permitted to freeze home-equity advances or reduce credit limits if the home's value has declined below the original appraisal, or if it reasonably believes the borrower won't be able to make the required payment. Such adjustments are increasing in the current market environment, a company spokesman says. David Stevens, who runs the mortgage operation at Long & Foster Real Estate, based in Fairfax, Va., says he's received several calls from borrowers whose home-equity lines have been reduced because of falling property values. "It's a very prudent move, given the circumstances in the market today."

USAA Federal Savings Bank recently told one customer it was suspending his ability to borrow on his home-equity line after a review showed that the value of his home had declined since the line was originated and because of information on his credit report. "As with many other creditors, we are reviewing all home-equity lines of credit to ensure our credit exposure is commensurate with current market conditions and taking action where necessary," the bank said in a letter sent to the borrower. A USAA spokesman says he can't comment on the specific situation without more information, but adds that such reviews are done on a "case-by-case basis."

Such moves could become more common down the road. Wachovia Corp. doesn't currently make such adjustments, but "there is a reasonable probability" that it could do so in the future "based on what we're seeing in the marketplace," says Walter Davis, head of retail credit.

National City Corp. says it is closely monitoring the housing market and its credit portfolio, and may reduce the credit lines of some borrowers on a "case-by-case basis" in markets where home values have declined, a spokeswoman says.

Sarah,

 Try a smaller local bank or credit union. They seem to still lend to at least 90 and 95% to value.  Contact me if you need more help.