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IndyMac Part II

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Real Estate Agent with RE/MAX Champions 01225479

I posted information about the closing of IndyMac Bank yesterday.  Hear is some additional information, just in case you didn't know.

http://www.indymacb2b.com/  
 
 
 
 

Important Lending Announcement

Dear Valued Partner:

The purpose of this communication is to alert you to requirements effective for all loans where final approval was not provided by July 8, 2008. Please reference Lending Bulletin #08-43 for complete details.

For all loans where final approval was not provided by Indymac Bank on or before July 8th, 2008, an executed IRS Form 4506-T must be received for all Borrowers of record on the loan in order to complete the underwriting process.

This requirement affects all forward mortgage programs, including Agency, ALT-A Preferred, Super Jumbo, FHA, VA, and Agency Jumbo programs.
 
For questions regarding this communication, please contact your Indymac Sales Professional or your Regional Operations Center.
 
 
 
 
©2008 IndyMac Bank®, F.S.B. Registered trade/service marks are the property of IndyMac Bank, F.S.B. and/or its subsidiaries. All illustrations and designs are the property of Indymac Bank, F.S.B. and/or its affiliates. Information shown is subject to change without notice.

Posted by

 

James Muhammad 

Realtor

RE/MAX Vision

DRE #01225479

Cell: 909.641.6008

Direct: 888.89.JAMES (52637)

E-mail: james@jmrealtygroup.net

 

                                       

 

 

Show All Comments
John Severino
Nuline Funding, Inc. - Westlake Village, CA

Wonderful isn't it.  It's been a crazy couple of days moving loans to lenders that are there.  I have so many friends that worked there.

Jul 09, 2008 11:42 AM
Anthony Kirlew
Group 46:10 Network @ eXp Realty - Gilbert, AZ
Helping You Make Fiscally Sound Real Estate Deals!

James, I hear you.  Over the past several years, this has really impacted our sub-prime business.  The good news is that we still have lenders that are doing them, so let me know if you need any assitance.

I will tell you first hand, the one thing worse than having a deal not fund because a lender went under, is having the deal fund and you don't get paid at all. It happened to me.

~ Anthony

Jul 09, 2008 12:15 PM
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