Saving Distressed Homeowners

The Federal Deposit Insurance Corp. and IndyMac Bank are experimenting with a mortgage modification program that attempts to quickly determine those who can be saved from foreclosure and who cannot. The program may serve as a model for other banks facing waves of foreclosures.

SOURCE: | By Cristina Rivero -The Washington Post - November 1, 2008

This Story New Model Is Forged In Bank's Wreckage Article \| PASADENA, Calif. -- Inside the stone-and-glass headquarters of IndyMac Federal Bank, regulators are carrying out an experiment that could change the course of the financial crisis by tackling the home foreclosures that are at its root. Saving Distressed Homeowners		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: \| By Cristina Rivero -The Washington Post - November 1, 2008 ¬es=The Federal Deposit Insurance Corp. and IndyMac Bank are experimenting with a mortgage modification program that attempts to quickly determine those who can be saved from foreclosure and who cannot. The program may serve as a model for other banks facing waves of foreclosures." onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: \| By Cristina Rivero -The Washington Post - November 1, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
» This Story:Read +\|Watch +\| Comments