With over 100,000 HELOC freeze letters already sent, Countrywide customers have been the most affected by the recent HELOC crisis. But, that doesn’t mean borrowers with other lenders are in the clear.

Eric Reid’s ActiveRain blog summarizes what to expect from some of the top national lenders:

Bank of America- Heloc Freeze pending

Countrywide- Heloc Freeze already sent

Chase- Heloc Freezes Sent

CitiGroup- Heloc Freeze under review

National City- Heloc Freeze Sent

Suntrust- Heloc Freezes

USAA Federal Savings- Heloc Freeze status unknown

Washington Mutual- Heloc Freeze likely as acquisition by Chase nears

If you have a HELOC with one of these lenders, your chances of receiving a freeze notice are dependent upon two factors: your home’s current value and the wording in your contract. If your HELOC’s credit line is greater than the amount of equity currently in your home, the likelihood increases. If you are not protected by consumer-friendly language in your HELOC contract, this also increases the possibility of receiving HELOC freeze notice.

See also: Common HELOC Questions

Tags | Heloc, heloc freeze, home equity loan, lenders, loans