August 21, 2008

IndyMac Aids Borrowers

Revised Loans

The federal government threw a lifeline to borrowers of failed thrift IndyMac Bancorp Inc., unveiling a plan to quickly modify thousands of mortgages to keep consumers in their homes and limit the government's potential losses from taking over the firm.

See the link below to view the complete story.

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	FDIC Unveils Plan to Aid IndyMac Borrowers
	New Loan Terms
	http://online.wsj.com/article/SB121927714343058611.html?mod=djemRealEstate

Topic Tags: end foreclosure, fdic, federal deposit insurance corp, indymac, indymac bank, mortgage workout, sheila bair, stop foreclosure

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