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IndyMac Slap in Our Face

By Linda McKissick

Real Estate Agent with The Broker Network 200511298

February 12, 2010 12:36 AM

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

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Larry Bettag

Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL

Vice-President of National Production

I love the Think Big, Work Small guys. Good information to keep us up on the crap that the gov is doing TO US!

Feb 12, 2010 12:42 AM

John Mulkey

TheHousingGuru.com - Waleska, GA

Housing Guru

Linda - The "sweetheart deals" between government and Wall Street have only grown larger during the recession. DC doesn't get it and is continuing business as usual.

Feb 12, 2010 01:39 AM

Linda McKissick

The Broker Network - Bend, OR

You both are so right!

Hats off to the TBWS guys for their efforts in exposing these shanagans that have been going on for years, but seem to be getting bolder and more outragous.

Feb 12, 2010 02:02 AM

In addition, Mr & Mrs. Homeowner believe what the media is telling them that the Government wants to help them stay in their home, when the opposite is actually true.

Maybe some branches of the Government DO want this, but the boys over in the Treasury, FDIC and banking regulations depts. are going full tilt in the other direction with their buddies.

Some of our Government should hang their head in shame at the scam they are pulling on the American public.

Then there are the homeowners who realize what is going on and that recovery is NOT on the horizon. The increase in Strategic Defaults is growing. They are realizing you can repair your credit in 2 - 4 years from short sale or foreclosure and get back in the real estate game much sooner than if you wait out market recovery for your underwater home.

Feb 15, 2010 06:53 AM

IndyMac Slap in Our Face

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