According to a recent Consumerist post, it seems that a new batch of borrowers recently received HELOC freeze notices from Countrywide.

Banks are getting less selective about who they choose and are now cutting off access for people with good payment histories and existing equity. In today’s market, lenders are freezing HELOCs just because the borrower’s property is in an area with declining values.

Check out the Consumerist article for a look at an actual HELOC freeze letter. Or, if you already have one of your own, take a look at this list of actions to take if your HELOC is frozen.

Tags | Countrywide, heloc freeze, home equity line of credit