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parentalcation (Free subscription) | 7 hours ago
FDIC: Loan Modification Program for Distressed Indymac Mortgage Loans The streamlined loan modifications will be available for most borrowers who have a first mortgage owned or securitized and serviced by IndyMac Federal where the borrower is seriously delinquent or in default. IndyMac Federal also will seek to work with others who are unable to pay their mortgages due to payment...
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Law Blog - WSJ.com (Free subscription) | 11 hours ago
The FDIC unveiled a plan to help borrowers of failed thrift IndyMac in order to keep consumers in their homes and limit the government's potential losses.
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Washington Post (Free subscription) | 8 hours ago
Federal regulators yesterday announced a plan to systematically modify the loans of at least 25,000 homeowners with mortgages held by failed lender IndyMac in an attempt to create an industry model for assisting troubled borrowers.
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Financial Time (Free subscription) | 10 hours ago
A top US banking regulator yesterday presented a new plan to modify the terms of mortgage loans at IndyMac, the California bank that collapsed last month in the...
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Financial Time (Free subscription) | 10 hours ago
A top US banking regulator yesterday presented a new plan to modify the terms of mortgage loans at IndyMac, the California bank that collapsed last month in the...
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New York Post (Free subscription) | 4 hours ago
Thousands of troubled borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it failed. Most IndyMac borrowers who are seriously...
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Law Blog - WSJ.com (Free subscription) | yesterday
The U.S. unveiled a plan to quickly modify thousands of IndyMac mortgages to keep consumers in their homes and limit the government's potential losses from taking over the firm.
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kansascity.com (Free subscription) | 8 hours ago
Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.
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Baltimore Sun (Free subscription) | 8 hours ago
FDIC plan designed to sustain home mortgage payments Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.
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The Pacific Business News (Free subscription) | yesterday
IndyMac Federal Bank has announced a new program to modify troubled mortgages into performing loans through a combination of longer payment periods and interest-rate reductions, according to the Federal Deposit Insurance Corp.
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OTB News (Free subscription) | yesterday
WASHINGTON (Reuters) - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.
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Reuters (Free subscription) | yesterday
WASHINGTON (Reuters) - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.
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USA Partisan (Free subscription) | 9 hours ago
California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information. At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company's...
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http://strumors.com/rss/top (Free subscription) | 12 hours ago
In order to help home owners the FDIC may significantly lower mortgage interest rates for delinquent IndyMac borrowers. The news comes just after the FDIC suspended foreclosures on the more then $15 billion in loans. The FDIC is running the failed bank while looking for a buyer.
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Miami Herald (Free subscription) | yesterday
Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.
