Tag Archive | "IndyMac"

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FDIC Freezes All IndyMac Home Equity Lines

If you’re an IndyMac customer, your home equity line of credit is now inaccessible. After taking over the struggling bank, the government has frozen all customer HELOCs. The FDIC says that home equity lines will be reviewed on a case-by-case basis. But, no information about the review process is currently available. It is possible that some IndyMac [...] [...more]

HELOC Lenders, HELOC News Comments (1)

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IndyMac Bank Goes Under

Today, IndyMac Bank was seized by the federal government after cash reserves fell too low and the bank was no longer able to operate. The fall of IndyMac, a major HELOC lender, is reported to be the second largest bank failure in the history of the U.S. Consumer Affairs reports: “IndyMac was founded in 1985 and became [...] [...more]

HELOC Lenders, HELOC News Comments (1)

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