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The FDIC announced today that it has completed the sale of IndyMac Federal Bank, FSB to OneWest Bank, FSB which is a newly formed federal savings bank organized by IMB HoldCo LLC. All deposits of IndyMac Federal Bank, FSB were ... thath it entered into a "loss share transaction on the single family residential portfolio" and that pursuant to the agreement, OneWest will "continue the FDIC's existing loan modification program." A "loss share" agreement typically provides that nonperforming assets are ...