If you’re an IndyMac customer, your home equity line of credit is now inaccessible. After taking over the struggling bank, the government has frozen all customer HELOCs.

The FDIC says that home equity lines will be reviewed on a case-by-case basis. But, no information about the review process is currently available.

It is possible that some IndyMac HELOC customers will never be able to access their lines again.

See Also:

IndyMac Bank Goes Under

FDIC Warns Lenders About Freezing HELOCs

Tags | FDIC, Heloc, heloc freeze, home equity line of credit, IndyMac, mortgage crisis