IndyMac Bank - One West Bank (trust fund) broke all the laws to steal my property worth $1 one half mill.
- 6 hours ago 2014-09-21 19:19:03
OneWest Bank, formerly IndyMac Federal Bank. IndyMac Bank provides a number of home mortgage products that are mostly first lien residential loans and huge full-documentation loans and home equity lines of credit. Recent Updates-IndyMac Federal Bank, FSB (Federal Savings Bank) is a bridge bank created to manage assets and liabilities of IndyMac Bank, FSB until they can be disposed of. IndyMac Federal Bank is the largest savings and loan in the Los Angeles area and the seventh largest mortgage originator in the United States. The failure of IndyMac Bank on July 11, 2008, was the second or third largest bank failure in United States history, and the largest failure of a regulated thrift.According to the Office of Thrift Supervision (OTS), in the nine months before it went into receivership, IndyMac incurred significant losses, severely depleting capital and jeopardizing the institution's continued viability. IndyMac's mortgage banking operations focused on Alt-A single family mortgages, which the bank could not securitize and sell in late 2007 due to the decline in the secondary market for non-agency mortgage loans. IndyMac moved $10.7 billion of loans intended for sale to the category of "held for investment" in the fourth quarter of 2007.IndyMac Bank is a publicly held company, a wholly owned subsidiary of IndyMac Bancorp, Inc. The tagline of the company is: "Raise your expectations." The corporate headquarters of the bank are in Pasadena, California. IndyMac Bank is the seventh largest savings and loan institution in the United States. The bank provides a complete line of financing products and services. Primary funding of the bank composes of bank deposits, Federal Home Loan Bank advances, long term debt and home equity loans.P.O. Box 7056 Pasadena CA 91109-9699
- Pinole, California
- Violation Of Fair Debt Collection Practices Act
This phony Bank tells people not to pay. When I called them back to ask about fees or fines for not paying & why not to pay while waiting for Loan Mod in the mail they said, because you'll "screw up the figures" and there will be no fees or fines for doing so. Then they piled on $130,000 and put me in foreclosure. They violated every law, claimed they could not reach me for workout - oh... Read more ›Was this review helpful? 0 0 2.5