I don't quite know how to write this because I've never had to do it before. In 14 years of mortgage lending, I have never seen banks treat their good San Diego customers this way. As you probably know, many big banks and mortgage companies have
and closed the home equity lines of credit to San Diego County homeowners. Apparently, Countrywide did just that last week. They spun the whole thing as the "Preserving American Home Ownership" initiative but you and I know that the only homeownership they were saving was their employees'. I must admit, those banks and mortgage lenders did some pretty stupid stuff these past few years. They made loans to anyone who could fog a mirror based on the idea that home prices would skyrocket faster than a thermometer in the Arizona sun. Well, we all know that what goes up... comes down (and goes back up again) so you're probably in as much in shock as I was. Let's face it, the banks
PICKED UP THEIR MARBLES AND WENT HOME, LIKE SPOILED CHILDREN
At first, I was angry. You see, I live here in Solana Beach and many of my neighbors, with really good credit, had this happen to them. They all know me as "America's #1 Mortgage Broker" (at least that's what GOOGLE says about me) so they call me or grab me after Church to ask me all sorts of questions. Believe me, I didn't get home until 2PM this past Sunday; I was surrounded by continued
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