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Indymac Bank

5 Major Financial Settlements

AP/The Huffington Post | Posted 06.27.2012 | Business

(AP)- Barclays PLC and its subsidiaries will pay about $453 million to settle charges that they tried to manipulate interest rates that can affect how...

Servicer Aurora Sued For Making Loan Mods Too Easy To Get

American Banker | Kate Berry | Posted 05.25.2011 | Business

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...

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

Newsweek | Daniel Gross | Posted 05.25.2011 | Business

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....

Foreclosure Moratorium: Its time has come?

Mark Winston Griffith | Posted 05.25.2011 | Business
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...

Why We Are Where We Are

Tony Ressler | Posted 05.25.2011 | Business
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.

Police Called To LA Banks To Calm Clashing Customers

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

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

Analysts: Expect More Bank Failures

New York Times | Louise Story | Posted 05.25.2011 | Business

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...