IndyMac Bank - Indymac Loan Modification
I will make this very short.If your Mortgage is insured by a PMI company, contact the company and inform them of the attempts you are making with IndyMac to resolve any issues you are having with a modification, refinance ect.
The PMI company does not want to pay out a claim against your policy. In my case, 415,000 dollars. Within 90 days after speaking to a Rep. from the company(PMI), I received a loan modification from InyMac that dropped my interest from 6.25% down to 2%, saving me 600.00 a month!
Over the last 3 years I have seen my principle balance drop from 415,000 to 373,000 today.Since then however, my loan has been sold twice, first to Ocwan then to Nationstar mortgage.
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