Grants Pass, Oregon
8 comments
Not resolved

Attention: Do not file complaints with your local attorney general about IndMac you need to file it with the FDIC.

The Federal Deposit Insurance Corp

Division of Compliance and Consumer Affairs

550 17th St NW

Washington DC 20429

1-800-934-3342

consumer@fdic.gov

www.fdic.gov

We need mass complaints filed to stop these monsters from stealing our homes and preditory lending practices. Anything we can do to bring attention to this criminal activety the better-re-post this so the word gets out. Together we stop this monster from putting us out in the streets. Do not delay time is critical!

Review #166543 is a subjective opinion of a user.

PRODUCT OR SERVICE Not specified
Reason of Review / Monetary Loss Not specified / Not specified
Preferred solution Not specified

Had an Experience with IndyMac Bank?

Write a review

Comments

Comment as anonymous or
Terms of Service
Post Comment
Cancel
hope
Vacherie, Louisiana, United States #196852

indymaccomplaints.com

HOPE
Vacherie, Louisiana, United States #196851

WE ARE GOING TO FIGHT INDYMAC BANK

PLEASE GO TO WEBSITE www.indymaccomplaints.com

FOLLOW DIRECTIONS SOMEONE WILL CONTACT YOU SOON PLEASE HURRY!!!

WE WANT TO STOP THEM NOW!!!!

EMAIL indymaccomplaint@gmail.com

please read
#126727

Whistle-Blower: Banks Give Homeowners the Runaround

800-Numbers Lead to Runaround as Banks Refuse to Modify Mortgages

By DAVID MUIR

March 23, 2010

56 comments

Font Size PrintRSSE-mailShare this story with friendsFacebookTwitterRedditStumbleUponMore

A vice president for one of the nation's biggest banks claims customers looking for help in lowering their mortgage payments are often told to call an 800 number -- where he says representatives then give homeowners the runaround.

"World News" has an exclusive look at how banks avoid modifying mortgages.The bank executive spoke to ABC News on the condition that ABC News not show his face or name him, because he feared coming forward would cost him his job.

Of the 1.1 million homeowners who've signed up for the federal program aimed at avoiding foreclosures, only 168,000, or 15 percent, of homeowners have had their mortgages permanently modified.

"In our managers meeting, which can last eight or nine hours, we probably addressed mortgage modifications five minutes or less," the banker said.

Related

WATCH: Barry Scott Shares His Story WATCH: Saving the Middle Class: Viewer Speaks OutWATCH: Obama Discusses TARP for Small Business LendingAmericans Frustrated by Banks

Jay and LeeAnn Givan are two of those frustrated Americans who reached out to ABC News about their banks. They say they've run out of time and money. Both lost...

"The bank's not interested in helping us," LeAnn said. "Just a couple of weeks ago, Jay was on the phone for two hours being transferred from department to another department until finally somebody told him, 'Look, we can't help you until you stop paying on your house.'"

The couple made its last mortgage payment last week.

"I have heard that," the banker said. "That will affect their credit card, their insurance, [have] a big effect on their credit history."

The banker described homeowners pleading to him for help, but he said his bank is not interested in modifying mortgages, even after taxpayers helped bail out the nation's biggest banks.

"It's just not happening," said the banker.

The banker said there is significant pressure on bank employees to get customers to take on more accounts than they need because of the late fees and penalty fees that will then come from those accounts.

1 | 2NEXT >

Read 56 Comments and Post Your Own

Next Story: Obama Signs Historic Health Care Bill Into Law

PrintRSSE-mailShare this story with friendsFacebookTwitterRedditStumbleUponMoreComment & ContributeDo you have more information about this topic? If so, please click here to contact the editors of ABC News.

Member Comments (56)

@Alphachic! I had the same issues with Bank of America, they hold your checks and run them all through to maximize your penalty, they did it many times too me even after I went in and showed them proof. I got out of Bank of America and I too have more money in my account! Good Riddance!

BCUSF 7:49 PMThey don't want to negotiate. They do better if they can either right the debt off on their taxes or take over the property ( the new emminent domain) and either sell the same property for a higher price or sell back the land to the city. Banks and mortgage lured people in and then did a bait and switch on us. Also refuse all the add-ons that they try to sell you. Refuse the accident insurance. Refuse the low-cost life insurance. Refuse the free credit report. Refuse the free credit report. Refuse any new services from them.

linedance79 7:48 PMIt"s so true so many people re conplaining about the same thiing including me I applied for modification more than six months now all you get is the run around call 1800 number .numerious times you call to find out the stautus of the modification they are still woking on it or they would ask for things that you already submitted prior These banks should be shame they got the TAX payers money then we the the tax payers getting treat like this this is what the peolpe in Congress and the Senate should be paying attention to instead there is no oversight on these institutions and there are more protected and care for than the average Joe Bank of America and these big banks are doing injustice to the customers and they are getting away with it

erviston 7:41 PM

View All Comments (56)More Coverage

WATCH: Whistle Blower: Homeowners Getting Runaround

Will New Credit Card Rules Really Stop Abuse?

WATCH: Barry Scott Shares His Story

Saving the Middle Class: Calling on Banks

WATCH: Obama Discusses TARP for Small Business Lending

WATCH: Saving the Middle Class: Viewer Speaks Out

Watch Video

WATCH: Barry Scott Shares His Story

WATCH: Whistle Blower: Homeowners Getting Runaround

WATCH: Saving the Middle Class: Viewer Speaks Out

World News Stories

Obama Signs Historic Health Care Bill Into LawThe $938 billion bill will entail major changes for Americans.

Obama Signs Historic Health Care Bill Into Law

C-Section Births Hit Record High

States File Lawsuits Against Health Care Law

Is Job Creation Effort Next for White House?

Financial Reformer Dodd Dogged by Conflict

Follow Us Facebook RSS

Twitter Mobile Most Popular → Most

ViewedMost

CommentedMost

EmailedBattle Over Future Supreme Court Nominees Health Care Bill Spurs Assassination Calls on TwitterExclusive: Pelosi Defends Health Care Fight TacticsWATCH: Republicans Defiant on Health CareWATCH: Wife Wins $9 Million From MistressWATCH: 'Dancing With the Stars' Premiere DazzlesPHOTOS: Kim Kardashian's Recession Proof RelaxationPHOTOS: Favorite TV Dads Through the YearsPHOTOS: X-Rays: Child Has 15 fingers and 16 ToesMore Popular News »

ESPN Headlines →

NFL owners pass playoff OT rules modification

Source: GBI drops Roethlisberger DNA request

Prosecutors seek three months in jail for Arenas

Mets' Reyes gets go-ahead for on-field activities

Broncos coach: Orton's our starting quarterback

More from ESPN »

Most DuggUpcomingMost Dugg Stories on ABC News383diggs

President Obama to Say Democrats Will Use Reconciliation 390diggs Pierce Brosnan Still Wants to Be Bond 272diggs *** and the Panda: If *** Works for Them... 988diggs Meghan McCain: Tea Party represents 'innate racism' 318diggs

The $100 Million Health Care Vote? - The Note

Show more
Patricia Weber
#103322

I, too, have been a victim of Indy/Mac One West Bank.

August 2009, I went into foreclosure. I submitted a loan modification package, talked with tons of "loan modification specialists", got a verbal approval and a promise the "package" would arrive within 3-4 weeks.

I also signed a forebearance agreement with egregious terms, that was "required" to stop the foreclosure.

That, AND a check for nearly $20,000.00.

Twenty three days later, without ANY NOTIFICATION TO ME, Indy/Mac put me back in foreclosure, even before the loan mod. package could arrive. By the way, it NEVER arrived. Indy/Mac never sent the mod.

Thirty day later, without ANY NOTIFICATION TO ME, Indy/Mac sold my home at auction for $415,000. A recent appraisal of my home showed it's value at $805,000.

So--they took all my money, stole my retirement equity and within 30 days will evict me and my kitties from my home of 34 years.

Few attorneys will even consider a case such as this, because the Banks and the Courts are collusive.

Communication with the Bank is impossible. I have contacted their Legal Department and received a few phone calls, mostly unpleasant, insisting Indy/Mac did NO wrong, yet they consistently provide inaccurate facts and conflicting information.

Thank you for the info. on the FDIC. I will email/send/fax/mail to them tomorrow.

This unjust and illegal behavior on the part of the Bank, cannot continue.

jan10
#101243

I missed the rally...i hope to attend the next one!

jan10
#101239

I Just filed a complaint with FDIC, what else can be done to stop this harrassment from this disorganized Bank? :cry

Jan E, Steele
#101191

I also have been dealing with this loan modification for over a year now, with One West/Indymac only to be having to send paper after paperwork on trying to remodify the loan , now i just got a letter from them wanting a short sale.

Kim
#100952

Do not bother telling the FDIC...well, I take that back...it is good to complain to them, since they are the ones that sold Indymac to Onewest without making sure the in-process loans would be handled properly.The FDIC should know what a mess the whole thing is.

However, Onewest bank is not regulated by the FDIC.

The Office of Thrift Supervision now oversees Indymac/Onewest.1 (800) 842-6929

You May Also Like

GE Capital loans 323-325-2660 Ge Capital "I received an email stating i was Approved for a loan, at first i thought the company was legit I gave some info but then i started lying too cuz..." Read more Ge Capital Retail Bank - Actual Net Earned Less Then What Is Reported Ge Capital Retail Bank "Pay Pal GE Capital Retail Bank EBAY Reports on Transaction Details that you made more net profit then you actually earned. "Example" $91.96 is the net they have you..." Read more Ge Capital Retail Bank - "CROOK A TITUS" Ge Capital Retail Bank "Please find attached documents pertaining to several issues. There is a letter dated July 19, 2012 telling me that my card security fee refund of $108.13 was overpaid by $7.65..." Read more Pnc Bank - Locked out of Savings account while overseas! Pnc Bank "I have had some bad experiences with banks, but PNC really takes the cake. I am currently overseas in South America, and PNC decides to freeze my account (on May..." Read more Naca - LIARS Naca "Your staff does not know about how the NACA program works nor do you have respect for the time that we attend your appointments every month, to say the same..." Read more Gearbest denied to refund 122.3 - four months after the item has been lost. Gearbest "I bought from Gearbest one mobile phone on February 20, 2017, and I paid 122.3 euros via Paypal, along with transport insurance with the carrier PostNL . The phone was..." Read more Costco - Puppy in a grocery basket in the food court Costco "Sitting in the food court trying to enjoy our hot dogs there was a puppy sitting in a grocery cart? Where we are eating!!!. I asked an associate where i..." Read more Cruisemiles - Uploads for Clarification Cruisemiles "Now allegations of fraudulent action by Mr Lester have been proved false, I have been asked to release from file information relating to the accountant of Cruisemiles who was sentenced..." Read more