That letter you get from your home equity lender breaking up with you:

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Dear Homeowner,

The time has come to reconsider the nature of our relationship.  This is really hard, so please don't start crying or anything until you get to the end.  We know the timing is really bad, what with the trip we planned and all.

This has been building for while, and we can't hold it in any longer.  Maybe it's you, or maybe it's us, but we just aren't attracted to you anymore, and these feelings get stronger every month.  It's all very hard to explain, but it's like something has come between us, and we just feel EXPOSED. This is no way to have a healthy relationship. We have to make a change. We have to end things.

Not that we don't love you - we've gotten a lot out of this relationship, and grown together over the years.  And don't for a minute think we haven't appreciated your timely payments, often scented with the sweet perfume of extra principal reduction.  It has really been a great ride - cars, boats, the little things to tide you over when the going was tough - and we certainly wouldn't be who we are today without you.

No no no, it's nothing you've done - it's just, you see, a lot has changed since those glorious, heady days when we first got together.  Remember those? 

Anyway. We are doing this for you as much as for us, but if it does offer some small bit of comfort, if our feelings change in the future, we'll definitely take you back.

Formerly Yours,

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Or it might read substantially like this letter received by thousands of Citibank customers who recently had their Home Equity Loans unceremoniously suspended, via Caveat Emptor (click to biggify):

We've only got a single source on this for now (working on more) so we'll leave the name of this outfit blind until we can get some confirmation.  Name now confirmed as Centennial Mortgage and Funding, out of Bloomington, see update below.
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The word is a south-metro headquarted Mortgage lender Centennial Mortgage and Funding, a local correspondent/broker with 9 Minnesota branches, and two in Wisconsin, has had their warehouse lines pulled, and cannot fund loans.  Allegedly the company CFO was using one warehouse line to fund another (this is bad, see below.)

40 some odd loans scheduled to close today cannot fund, leaving the borrowers, some of whom were set to close on purchase transactions, in the lurch.

UPDATE 3:54P Friday 28 March

We just received the following confirmation via email from Bill Walsh, Director of Communications for the Minnesota Department of Commerce:

The Minnesota Department of Commerce issued a Consent Cease and Desist Order today against Centennial Mortgage and Funding of Bloomington because of their substantial financial problems. The company agreed to cease and desist from engaging in any and all new mortgage loan origination or servicing activities in the State of Minnesota.

The order should be on our website soon.

Though the name has now been confirmed, the exact nature of the financial problems remain a bit of a mystery, but since our original sources information has now largely been substantiated, we can only assume it was warehouse line shenanigans that did them in.

UPDATE 2, 4:43P Friday 28 March
Here is a copy of the consent order: Download CentennialMortgage.pdf

For the civilians and non-mortgage people:
A warehouse line, or warehouse line-of-credit is the mechanism that most larger brokers (or correspondent lenders) use to fund loans before they are sold off to the investor (such as a Countrywide, Chase, Wells Fargo, etc.) who will ultimately own and/or service the loan.

Warehouse lines are used because the typical broker does not have the cash to fund each loan themselves, so they need short term borrowing capacity to fund production.  A warehouse line is essentially a giant revolving line of credit, and their use is the standard business model for non-bank lenders.

Normally, and by design, closed loans are "on" a warehouse line for very short periods of time - a matter of days