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    FBI probes possible home-loan fraud at IndyMac

    WASHINGTON - The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government's latest target following the collapse of the nation's subprime mortgage market. <SCRIPT language=javascript>if(window.yzq_d==null)window.yzq_d=new...
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    Bye-bye INDYCRAK (Indymac)

    Banking regulators close IndyMac The Office of Thrift Supervision shuts down mortgage lender IndyMac and transfers the operations to the Federal Deposit Insurance Corporation. LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after succumbing to the...
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    White House threatens veto of FHA-rescue bill

    NEW YORK ( -- The House on Wednesday will begin debate on a housing package that would let the government back loans for homeowners at risk of foreclosure - a move many Republicans have opposed and which the White House has threatened to veto. The centerpiece of the package is a...
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    Countrywide gets downgraded

    Countrywide gets downgraded Ratings agency S&P cut Countrywide’s (CFC) debt to junk Friday, citing Bank of America’s (BAC) failure to commit to a guarantee of Countrywide’s obligations after Bank of America completes its $4 billion takeover of the mortgage lender. S&P cut...
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    Any baseball fans?

    I myself am looking forward to the start of the season. I am a Mets fan and definately like their chances to go all the way this year. The start of the season will be a great way to get my mind off stressful things ;). So who else is a fan and who is your team? Craig
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    Question about income/expense statement

    Should the expense information be based on what your mortgage payment was prior to adjusting or what you are currently paying after the "adjustment"? Thanks-Craig
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    Calling Moe

    Moe, I created an excel file of the income and expense worksheet based off of what is on here (actually copied it ;)), added formulas, etc. Can I email to you to post for homeowners to make it a downloadable form? Would make it easier to fill in and email, print, etc. Thanks-Craig PS -...
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    Happy Easter Everyone

    So what are everyone's plans? We will be home, relaxing and enjoying the nice weather predicted for SoCal this weekend. Craig
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    Mod questions for those who have been successful

    1 - Has anyone who has been modded and a had neg am loan had the neg am removed from loan balance? 2 - Has anyone been told that they could not sell their home for a specified amount of time or has anyone been given prepay penalties as a condition of the mod? Thanks-Craig
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    Hope Now: We've helped 1M home owners

    The coalition, which has been criticized for failing to truly make loans more affordable, says it has reduced the balance or interest rates for many borrowers. By Les Christie, staff writer March 3 2008: 1:00 PM EST NEW YORK ( -- Hope Now, the foreclosure prevention...
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    When Loan Workouts Don't Work Out (CNN Money)

    (removed URL as it posted further to the Walk Away Program) Posted Article Edited to remove links By Les Christie, February 14 2008: 6:36 AM EST NEW YORK ( -- More troubled mortgage borrowers than ever are now being granted loan relief - but many will still wind up losing...
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    Refinancing: Only for the privileged few (CNNMONEY

    Removed URL and posted story. NEW YORK (CNNMoney) -- The good news: mortgage rates are down. The bad news: it's much harder to qualify for a refinanced loan these days. What's more, the borrowers who need to refinance the most - because their adjustable rate mortgages (ARMs) are resetting to...
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    CNN Money Article: Some People Are Walking Away! Moe should contact the writer and give some insight to !! How many people will read that article and rationalize walking away when they too may have been victims?? Craig PS-Moe, can we...
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    Pay Prop. Taxes or Mortgage?!?!?!

    So with my shiny new $4200/mo. mort payment and having to tap into our savings to make that payment, what will happen when 1/2 our prop tax is due April 10th for the lowly sum of $3600 and we dont have the $$ because of paying our new mortgage payment? Will the bank be notified that we did not...
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    Anyone attempting/completed mod with INDYMAC?

    Like the title says. Just curious. Or anyone have any news about mods with them?
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    Our Story w/ Indymac SUCCESS!!

    My wife and I purchased our home in Dec 2005 with a 3/1 ARM and an interest only 2nd to avoid PMI. And yes we were making the minimum payment only. What we did not know was that if the principal hit 110% of the original loan amount our loan would automatically convert to 30 yr fixed at the...