" In response to questions from The Times, Bank of America spokesman Terry Francisco said the bank had seen indications that some homeowners were taking pains to keep their credit card accounts current at the expense of their mortgage balances, often by raiding their home equity lines to pay their cards, a reversal of traditional customary customer priorities. "
I'm thinking this is because of the new bankruptcy laws that make it more difficult for CC debt to be forgiven more so than mortgages. Change the mortgage rules and relax the CC bankruptcy rules, and you'll have the opposite problem.
