Interesting article from Reuters: Regulator to Help IndyMac Mortgage Borrowers - apparently the FDIC sent out "4,000 mortgage modification proposals ... this week and it hoped to send out 25,000 modification notices over the next few weeks."
"Our goal is to get the greatest recovery possible on loans in default or in danger of default, while helping troubled borrowers remain in their homes," FDIC Chairman Sheila Bair said in a statement.
This is obviously good news for those who took out loans through IndyMac - and it's a chance for the FDIC to practice what they've been preaching regarding loan modifications. I'm curious how this all will play out.
What do you think about this?
Wednesday, August 20, 2008
FDIC to Help IndyMac Mortgage Borrowers
Subscribe to:
Post Comments (Atom)
1 comments:
25,000 is not much, but a start. I found this site which is helpful. http://www.needhelppayingbills.com has some programs and ways to get help
Post a Comment