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16 Jan 2009, 2:20 pm
That's similar to what Fannie Mae is trying to force the FDIC to do in the case of IndyMac, although the IndyMac loans were not originated by the FDIC, but by the failed savings bank. [read post]
13 Jan 2009, 7:46 pm
On the other hand, I tend to get misty-eyed when banks are injured, so to that extent I'd have to root for the FDIC, unless the loss would come out of Sheila Bair's termination "golden parachute. [read post]
12 Jan 2009, 4:08 am
A consortium of seven investors had agreed to pay $13.9 billion for IndyMac, the California savings bank and mortgage lender that was seized by the government last July. [read post]
7 Jan 2009, 7:00 pm
That's why, unlike a lot of loan-modification programs, such as those rolled out by Citigroup and IndyMac Bank, Ocwen's doesn't use broad guidelines--for instance, assuming that homeowners should be able to contribute 38% of their income to paying their mortgage. [read post]
5 Jan 2009, 7:22 pm
Therefore, we'll be interested to see how all of this plays out.The following is an exclusive video obtained by Bank Lawyer's Blog of the most recent FDIC-Fannie Mae negotiating session. [read post]
5 Jan 2009, 12:00 pm
A coalition of investors see profit in IndyMac. [read post]
27 Dec 2008, 5:31 pm
IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equity and hedge fund firms, people briefed on the matter told DealBook. [read post]
23 Dec 2008, 8:33 pm
Treasury Department which is only available to homeowners with mortgages owned or insured by Freddie Mac or Fannie Mae (which greatly resembles the HopeNow program), and lender-specific modification programs offered by such entities as IndyMac, Bank of America, Citibank, and Wells Fargo. [read post]
23 Dec 2008, 3:47 am
When in early October, I discussed the "spreading stain" of criticism over the OTS's former Western Regional Director Darrell Dochow and his alleged mishandling of busted federal savings bank IndyMac, I warned that the drumbeat would get louder and louder. [read post]
4 Dec 2008, 5:22 pm
In 2008 to date, a total of 17 banks failed, including the savings and loan IndyMac, which was rechartered as a federal bank. [read post]
The continuing wave of bank takeovers and forced buybacks of loans present challenges to homeowners seeking help with their loans - your loan may be with one bank today, and with another bank or the government next week. [read post]
3 Dec 2008, 5:55 am
The continuing wave of bank takeovers and forced buybacks of loans present challenges to homeowners seeking help with their loans - your loan may be with one bank today, and with another bank or the government next week. [read post]
3 Dec 2008, 5:55 am
The continuing wave of bank takeovers and forced buybacks of loans present challenges to homeowners seeking help with their loans - your loan may be with one bank today, and with another bank or the government next week. [read post]
3 Dec 2008, 5:55 am
The continuing wave of bank takeovers and forced buybacks of loans present challenges to homeowners seeking help with their loans - your loan may be with one bank today, and with another bank or the government next week. [read post]
26 Nov 2008, 10:56 am
Hall in Bridgeport to one count of bank fraud stemming from his participation in a scheme to defraud IndyMac Bank and other federally insured financial institutions. [read post]
24 Nov 2008, 1:35 pm
Second, the Treasury will make a fresh $20 billion investment in the bank. [read post]
23 Nov 2008, 10:00 pm
" Downey, which had $12.6 billion in assets is the third largest bank failure this year (after Washington Mutual and IndyMac). [read post]
4 Nov 2008, 4:12 am
 Their collective deposits totaled $600 billion, 32 times the deposit base of IndyMac, an institution which is already putting pressure on the under-funded FDIC Insurance Fund; I wonder what Schumer and Frank think the alternatives were. [read post]
4 Nov 2008, 1:55 am
The FDIC now administers these mortgages through a new entity called IndyMac Federal Bank. [read post]
1 Nov 2008, 2:19 pm
  The FDIC can do whatever it wants with the IndyMac owned mortgages, and has gotten whole owners of the mortgages IndyMac manages to play ball ... but how do you get sign offs on a refinancing of a mortgage owned by many institutions? [read post]