Indymac Boys Get Sweetheart Deal

Those Indymac boys were given deal by the FDIC, and borrowers were strong-armed.

Check out: http://fiercefreelancer.com

Category:

Nonprofits & Activism

Tags:

• Indymac
• Real Estate
• FDIC
• SunWest Bank
• Goldman Sacks
• money
• short sales
• Forclosures
• Economy
• investment
• Investors
• loan modification
• homeowner
• bailout
• fiercefreelancer.com
• Leslie Parks foreclosure

[dawggonecrazee]

so much information I can` take it all in.....but it seems something smells.......and of course now all the banker boys have their big big bonuses don`t they?I`m glad someone is smiling :)

[KelliMajiros]

Yeah, so what do we DO about it?

[freesociety88]

any politician that voted for TARP needs to be identified as an advocate for socialism- everyone ends up fighting for the pie, and lobbying the legal gun for freebies and an edge on others. It's a downward spiral. It attracts bad people as politicians because there's money in the game, friends to make. Senator Hatch is a great example- for 36 years he's been in the senate- Utah doesn't believe in what he's been voting for- he's a part of the big gov scam to play god and manipulate the people

[32gtd]

So Freddie and Fannie get bailouts, the banks get bailouts, the big auto manufacturers get bailouts, the insurance giants get bailouts...the only one hosed is the American taxpayer and public who is footing the bill. We need to hold these beholden politicians accountable. Hypocrites who claim conservative, Senator's like Orrin Hatch of Utah and Richard Lugar of Indiana, need to bring their decades of political kowtowing back to their own states. I would search Hatch record and see the results

[sBlakeization]

The FDIC funds its insurance reserves through bank premiums and earnings on investments in US Treasury securities.

[sBlakeization]

Actually, the FDIC does benefit from a line of credit with the US Treasury (taxpayers) if balances available in the FDIC Deposit Insurance Fund are not sufficient.

[realityshowtime]

END THE FED!!!

[LKBM]

> ...gets a check from the taxpayer, courtesy of the FDIC...

The FDIC receives NO tax funds. The "I" stands for insurance, as in, the banks pay their premium to receive coverage. OneWest gets a check FROM OTHER BANKS via the FDIC.

Please get your facts straight when pointing out government craziness. There's plenty to point out without making stuff up.

[patsaison]

I receive approval for an EHLP loan which makes up my mortgage arrearages and allows me to escape foreclosure, but my lender, IndyMac, refuses to participate--which does not make sense at all--why would a lender not participate if they get funds immediately from the EHLP and the mortgage becomes current, and foreclosure can be avoided. This lends credence to the assertion that the IndyMac/FDIC loss sharing agreement motivates them to push homeowners into foreclosure and short sales.

[patsaison]

I receive approval for an EHLP loan which makes up my mortgage arrearages and allows me to escape foreclosure, but my lender IndyMac refuses to participate--which does not make sense at all--why would a lender not participate if they get funds immediately from the EHLP and the mortgage becomes current, and foreclosure can be avoided. This lends credence to the assertion that the IndyMac/FDIC loss sharing agreement motivates them to push homeowners into foreclosure and short sales.

[xmofo83x]

@dcarmelich I went to the "active rain" site and read the article you mentioned. This article is also very questionable, and I'm not sure why you take it at face value. I am disturbed by the lack of skepticism people have towards stuff they read/see on the Internet. How can you automatically trust an article that uses BOLD CAPITALIZED LETTERS, written by some random Realtor, on a forum that receives no serious review? And yet, you discount the article I presented in the NY Times...