Indymac Bank

Servicer Aurora Sued For Making Loan Mods Too Easy To Get

American Banker | Kate Berry | Posted 05.25.2011

Read More: Indymac Bank, Freddie Mac, Foreclosure Mess, Business News, Fannie Mae, Aurora Loan Services Sued, Loan Modifications, Housing Crisis, Business News

The loan modification offer was hard to turn down, in more ways than one. It was July 2008. IndyMac Bank was failing and Fannie Mae and Freddie Mac w...

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FDIC Sues 4 Former IndyMac Execs For $300 Million In First Claim Against Failed Bank Heads

AP | MARCY GORDON | Posted 05.25.2011

Read More: Fdic, Indymac Fdic, Federal Deposit Insurance Corp, IndyMac Sued, Indymac Bank, Indymac, IndyMac Lawsuit, Indymac Bancorp, FDIC Indymac Lawsuit, Business News

WASHINGTON — Bank regulators have accused four former executives of failed IndyMac Bank of negligence in making loans to homebuilders and are se...

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Daniel Gross: FDIC Sold IndyMac Too Soon - For Too Little

Newsweek | Daniel Gross | Posted 05.25.2011

Read More: Indymac Bank, Daniel Gross, Fdic, Fdic Sold Indymac Too Soon, Fdic and Indymac, Business News

The Federal Deposit Insurance Corp. on Monday agreed to sell IndyMac, a failed bank it took over last July, to a group of sharp Wall Street operators....

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Failed IndyMac Sold For $13.9 Billion

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: IndyMac Sold, IndyMac Failure, Indymac Bank, Indymac, Business News

WASHINGTON — A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and...

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Foreclosure Moratorium: Its time has come?

Mark Winston Griffith | Posted 05.25.2011

Read More: Great Depression of the 1930s, Foreclosures, Economy, Foreclosure, Indymac Bank, Sheila Bair, Home Foreclosures, Home Foreclosure, Business News
Mark Winston Griffith

This entry is cross-posted on the DMI blog There used to be time when the idea of a national moratorium on foreclosures was largely seen as an imprac...

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Why We Are Where We Are

Tony Ressler | Posted 05.25.2011

Read More: Indymac, Indymac Bank, Consumer Debt, Economy, Business News
Tony Ressler

People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.

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Police Called To LA Banks To Calm Clashing Customers

Los Angeles Times | Andrea Chang and Andrew Blankenstein | Posted 05.25.2011

Read More: Indymac Bank, Bank Clashes, Bank Failures, Economy, Bank Fears, Indymac Bank Failure, Bank Fights, Business News

Los Angeles police were dispatched to IndyMac Bank branches in Encino and Northridge this morning when customers waiting to withdraw money became irat...

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Analysts: Expect More Bank Failures

New York Times | Louise Story | Posted 05.25.2011

Read More: Indymac Bank, Economic Slowdown, Bank Failures, Economy, Business News

As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. B...

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Regulators Seize IndyMac

AP | ALEX VEIGA | Posted 05.25.2011

Read More: IndyMac Shut Down, IndyMac Seized, Indymac, Indymac News, Indymac Fdic, Indymac Bank, Indy Bank, Indy Mac, Business News

LOS ANGELES — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter ...

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