[126coupe]

Just received a letter from Citibank reducing my line of credit from 450K to 250K.
This is from the depreciation of my house.
Here are the numbers, house was worth 1.3M now maybe 1.1M
First TD is 160K, I have 110K owed on the LOC. even at the new value I am still at 25% loan to value. My FICO is around 780, WTF !!!
Its not like I am going to use the 340K credit, but it kinda pisses me off.
It was like a security blanket, boy are these lenders getting tough, understandably so.