Bair: 3,500 Mortgages Modified at IndyMac Under FDIC Program

 · The chairman of the Federal Deposit Insurance Corporation shares her views on navigating the banking system through the current financial market crisis. By Robert Stowe England Mortgage Banking August 2009 Sheila C. Bair was sworn in as chairman of the Federal Deposit Insurance Corporation (FDIC) on June 26, 2006, for a five-year term.

Under the FDIC’s orders, about 4,000 IndyMac borrowers have been given more affordable mortgages so far. "This is not a social program," said Michael Krimminger, a senior adviser to FDIC Chairman.

Short Sales Cost Lenders $310m More Than Necessary, CoreLogic Study Finds August 2011 Short Sale Fraud to Jump by 25 Percent: CoreLogic. CoreLogic forecasts that losses attributable to short sale fraud, which are now estimated at $375 million annually, to rise by 25 percent in 2011, according to a June 27 National Mortgage News story.

Loan Modification Program for Distressed indymac mortgage loans indymac Federal Bank, FSB ("Indymac Federal") will implement a new program to systematically modify troubled mortgages. The program is designed to achieve affordable and sustainable mortgage payments for borrowers and increase the value of distressed mortgages by rehabilitating.

The New Deal-FDIC & SEC (A Documentary) In testimony Thursday on Capitol Hill, Federal Deposit Insurance corp. chairman sheila bair provided the first public update on the FDIC’s loan modification program put into place at IndyMac.

The Federal Deposit Insurance Corp. has proposed to the government a mass loan modification program modeled after the one in use at IndyMac Federal. House Committee on Tuesday, FDIC chairwoman.

 · Tanta reports the FDIC originally said it thought it could save up to 40,000 out of 60,000 troubled IndyMac mortgages, but to date has only reached out to 15,000 borrowers, and has modified only 3,500 mortgages. — Peter Viles & & & How the IndyMac Federal Loan Modification will Operated Loan Modification Program for Distressed Indymac Mortgage.

FDIC Loan Modification Program Page 2 A message from FDIC Chairman Sheila Bair I have long supported a systematic and streamlined approach to loan modifications that puts borrowers into affordable, long-term mortgages while achieving an improved return for bankers and investors compared to foreclosure. Using this

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OneWest claimed that it has modified 3,605 home loans under the Obama program and 14,750 loans under the FDIC program and other schemes from March to July. From September last year to February this year when IndyMac was still under FDIC supervision, a total of 16,158 home loans were modified.

10 million more mortgages set to default, expert says It’s usually free to victims of identity theft, while those who are simply being cautious might pay from $3 to $10 to set a freeze. (Just to make this whole episode even more exasperating: As.

 · UPDATE 1-U.S. FDIC to help IndyMac mortgage borrowers. PK may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.. Bair.

House committee votes to end FHA Short Refi program To rescind the unobligated funding for the FHA Refinance Program and to terminate the program. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. Short title. This Act may be cited as the "FHA Refinance Program Termination Act.

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