With the FDIC at the helm of IndyMac, which was seized after it became one of the country's largest bank failures, regulators are attempting to create a model for reworking mortgages and rescuing homeowners.
indymacF.D.I.C. Moves to Help IndyMac BorrowersNYT > Business Wed, 08/20/2008 - 13:23
Thousands of homeowners with distressed mortgage loans linked to the failed lender IndyMac may soon be able to avoid foreclosure under a program announced Wednesday by banking regulators. 8,500 U.S. Banks; Many Will Die SoonDigg - Business & Finance Mon, 07/21/2008 - 08:30
I called the death of Indymac on July 7th. The FDIC seized Indymac on July 11th. I called the implosion of the 2 Gov't Sponsored Entities in the mortgage biz, Fannie Mae and Freddie Mac on July 9th. |
