IndyMac cashes out

And "Speculators often lied about homes being owner-occupied and lenders got caught up in the housing frenzy.

[Mark Shields]

Lender Police at http://www.lenderpolice.com seems to have taken care of the mortgage lender loan fraud problem for Borrowers, Closing Agents, Mortgage Lenders, and Real Estate Agents.

Always use Lender Police after you apply for a mortgage loan. They’ll tell you if your lender is giving you a good deal or not in one of two ways. You can purchase a good faith estimate review for $99 that will tell you if the interest rate, points, fees, and rebates you’re being charged is appropriate for your situation. The loan document review for $199 verifies that the loan documents that you’re signing are for the same loan that you were quoted and your lender didn’t slip in any extra points, fees, pre-payment penalties, or is receiving a lender rebate for selling you a higher interest rate than you qualify for.

A mortgage loan evaluation from Lender Police is the only way to guarantee your lender isn’t trying to rip you off.

[agelessinamerica]

Here’s a short quote from Thomas Jefferson that seems to fit this particular situation.

"Yes, we did produce a near perfect republic. But, will they keep it? Or will they, in the enjoyment of plenty, lose the memory of freedom? Material abundance without character is the path of destruction."

So, tell us - just how much did greed payoff for Mozilo, Loeb and Perry?

[agelessinamerica]

The following is a short quote by Thomas Jefferson that seems to fit this particular situation.

"Yes, we did produce a near perfect republic. But, will they keep it? Or will they, in the enjoyment of plenty, lose the memory of freedom? Material abundance without character is the path of destruction."

So, tell us - just how much did greed payoff for Mozilo, Loeb and Perry?

[DESERT RAT]

Anyone know how a c'king account with over $100,000 will be handled?

[LaughingLoud]

Accounts over $100K are expected to be paid out .50 cents on the dollar on anything above $100K. You'll get your insured $100K but if you had say, $150K in an account, you'll only get $125K of that.

[martscan]

"IndyMac cashes out"...with what?