Countrywide Eliminating the Option ARM?

Countrywide appears to be eliminating the Option ARM, at least from the wholesale channel.  Another sign of the tightening taking place at the beleaguered lender in an attempt to finalize the Bank of America purchase earlier this year.  How do I know they are eliminating the Option ARM (known commonly as the neg am or pick-a-pay loan)?  I got this note from a processor on a file: This file has been denied with countrywide because they are ending the option arms ? did you want me to sub this to world ? or did you want to do a 5y i/o? It wouldn't surprise me if they are eliminating the option ARM from wholesale.  With Bank of America estimating that $739 billion in mortgages could be in danger over the next 5 years (many of them surely option ARMs) the bank understandably