Search for: "INDYMAC BANK"
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30 Oct 2008, 3:58 pm
IndyMac Federal Bank F.SB. by the Federal Deposit Ins. [read post]
28 Oct 2008, 2:28 pm
Add the following to my previous post on Foreclosure research.A USA Today story on Oct. 24, 2008, Programs are available to help struggling homeowners, by Anna Bahney and Barbara Hagenbaugh, tells of these national programs: Hope for Homeowners, Hope Now Alliance, Bank of America, and Indymac Federal Bank, and has web links to all.Also, more foreclosure information can be found at the National Consumer Law Center, and, especially for non-lawyers, see their Consumer… [read post]
28 Oct 2008, 2:54 am
" At those points, a reader will often e-mail me a link to something that convinces me that the brain damage is worth it, after all.The takeovers of federal savings banks IndyMac and Washington Mutual generated an unusual amount of vitriolic, borderline unhinged e-mail that vilifies the FDIC, particularly FDIC Chairman Sheila Bair, and proposes conspiracy theories at which even Oliver Stone and Michael Moore would laugh out loud. [read post]
27 Oct 2008, 2:46 am
Bair, Tanta has been involved in the mortgage banking business for decades, and writes with an authority on the subject matter that Ms. [read post]
26 Oct 2008, 9:56 pm
The media reports that Bank of America is using a more generous figure of 34%. [read post]
23 Oct 2008, 10:20 pm
The FDIC, as conservator for IndyMac, has suspended all foreclosures and is aiming to modify 40,000 out of 60,000 currently delinquent IndyMac mortgages. [read post]
20 Oct 2008, 1:32 am
And now we learn that Schumer was paid to cause a run on IndyMac. [read post]
17 Oct 2008, 6:07 pm
” The Restructure Solution is utilized by Countrywide, Citigroup, Bank of America and other servicers. [read post]
14 Oct 2008, 2:14 am
While Ameribank and IndyMac (and the recently kaput Washington Mutual) were OTS-regulated savings banks, Meridian was an Illinois-chartered state bank and Main Street was a Michigan-chartered bank. [read post]
13 Oct 2008, 8:08 pm
There already has been extensive litigation filed in connection with the two most prominent bank failures of 2008, IndyMac (refer here and here) and Washington Mutual (refer here). [read post]
9 Oct 2008, 11:49 pm
An article in The National Law Journal, by Julie Kay, begins:Following the failure of California's IndyMac and the very real potential of other bank collapses, lawyers have been flooding bar associations with questions about whether they would be responsible for client trust accounts if a bank fails. [read post]
8 Oct 2008, 5:36 am
The immediate reason for the closure of IndyMac Bank was a run on the bank by depositors caused by, according to the OTS and many other observers, a letter about IndyMac to regulators from Senator Charles Schumer of New York, which was made public by Schumer. [read post]
1 Oct 2008, 12:51 am
The bank no longer owned the mortgage. [read post]
30 Sep 2008, 2:34 pm
IndyMac E. [read post]
29 Sep 2008, 6:06 pm
Treasury can imitate the FDIC in its takeover of IndyMac, or it could continue accepting the bland assurances of HOPE NOW. [read post]
28 Sep 2008, 12:40 am
By Alan White Instead of buying mortgage-backed securities from banks, Treasury could buy the mortgages themselves from the servicers of mortgage-backed securities at a discount via a reverse auction. [read post]
27 Sep 2008, 3:08 am
. 'We have been doing brisk business in efforts to help secure financial assets backed by AIG Insurance" Woodbridge Investments- Scott Schwartz September 19, 2008 'Major banking institutions and insurance companies like Indymac, Lehman, WAMU, and AIG are reeling to recover from losses, and without a defined way out of turmoil" Woodbridge Investments Scott Schwartz September 19, 2008 "Our customers are dealing with an… [read post]
26 Sep 2008, 4:24 pm
The recent failures of IndyMac, Freddie Mac, and the insurance giant AIG has caused many bank depositors to ask about the protections of an FDIC insured institution. [read post]
26 Sep 2008, 1:53 pm
Fast forward to earlier this year when WaMu, Countrywide and IndyMac all filed their 10Ks late on a Friday. [read post]
26 Sep 2008, 11:54 am
The FDIC was brought into existence during the Great Depression in 1933 in a climate similar to the one we now face.[3] During the 1920s and 1930s, thousands of banks failed, leaving many depositors without recourse.[4] The FDIC was created to restore consumer confidence in the banking system, and since its inception it has not lost a single penny of insured deposits.[5] The FDIC is responsible for directly examining and supervising about 5,… [read post]
