IndyMac is calling. Will you answer?

The L.A. Times goes out front today with the story of the difficulty IndyMac is having in its efforts to reach troubled borrowers to talk about loan modifications. (Hey, if I had lied about my income to get a mortgage, and a government-run bank wanted to talk to me about said mortgage, I probably wouldn't answer the phone either.) Seriously: ...when the FDIC, which is running IndyMac, mailed out 35,000 letters offering homeowners a chance to rework the terms of their mortgages, more than half

Read More...