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indymac (2)

Loan Mods......White Noise to Keep Us Distracted?

Posted by Linda McKissick on February 12, 2010 at 4:00am

This same information, but given in a two hour presentation by a totally different source, is a real eye opener of the level of deception being fed to us.

The attached video talks about just one of the 'Sweetheart' deals the FDIC has made. It has similar deals with over 52 banks.

So all the talk about Loan Mods......Window Dressing.

According to DSNews, which by the way has no article about the back door deals being made, but does have several articles on different institutions buying up defaulted loans......gee I wonder why.

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1006278

IndyMac, DefaultSchool

Posted by Seb Frey on August 14, 2008 at 6:06pm

Hey, did you get the invite to sign up for IndyMac's new mandatory training at DefaultSchool? I did, and I'm not even an IndyMac-approved broker! My application is pending, and has been for some time now. Fortunately, I am already and REO Default Certified Professional with DefaultSchool, so all I had to do is fork out $399 to take the IndyMac Policies and Procedures course.Of course, right after getting my cert, I e-mailed it off to IndyMac along with my existing RDCPro Certificate from DefaultSchool. Apparently all brokers who want to work wtih IndyMac have only until August 25 to complete the training to remain eligible to list and sell IndyMac properties.I heard a lot of whinging and moaning on various mailing lists and forums and such from people who think it's a waste, a rip-off, a scam, whatever. That, or IndyMac is looking to separate the wheat from the chaff.Me, I'm wheat. OK, I'm either wheat, or I'm just $399 poorer. How about you?

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