Surprise! Surprise! In what should come as no surprise at all is news today that JP Morgan Chase is suspending origination of all HELOC loans. A HELOC is short for a Home Equity Line of Credit. In other words what they are telling us is that they believe that home values will begin their decline as a result of the pandemic and job losses as a result. They might be thinking that they may not get a huge bailout like they did in the Great Recession of 2008. That is my opinion today as I watch from the sidelines.