Comments on: IndyMac suffers first annual loss – eliminates dividend http://blownmortgage.com/2008/02/12/indymac-suffers-first-annual-loss-eliminates-dividend/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Fri, 20 Nov 2009 00:20:49 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Glenn http://blownmortgage.com/2008/02/12/indymac-suffers-first-annual-loss-eliminates-dividend/comment-page-1/#comment-9740 Glenn Wed, 13 Feb 2008 00:27:46 +0000 http://blownmortgage.com/2008/02/12/indymac-suffers-first-annual-loss-eliminates-dividend/#comment-9740 IndyMac was a good lender, but they got caught up in the sub-prime market a little too much. I think we will see more lenders reducing their dividends in the coming months. IndyMac was a good lender, but they got caught up in the sub-prime market a little too much. I think we will see more lenders reducing their dividends in the coming months.

]]> By: Ann http://blownmortgage.com/2008/02/12/indymac-suffers-first-annual-loss-eliminates-dividend/comment-page-1/#comment-9737 Ann Tue, 12 Feb 2008 17:20:48 +0000 http://blownmortgage.com/2008/02/12/indymac-suffers-first-annual-loss-eliminates-dividend/#comment-9737 My question Morgan is that the financial institutions don't even know how bad things are since this is the first time in the history of this country and the world we are having to deal with such an issue(closest is the Great Depression), so why don't all these lenders just change the people who have ARMS who are current, who they know are going to have issues once these interest rates move up, turn them into fixed rate loans? Period. Then freeze the rest of those that have moved down the pipeline already. Just get it over with..when call centers like HOPE are going from 600 calls a day to 4000 a day, how do they expect the lenders o handle the volume? Yes, it may be considered a bailout to some ,however, these lender are not equiped financially to handle the masses of foreclosures or losses. Homeowners who followed the straight path are finding their neigborhoods dimishing in value each month and creating a haven of empty homes, and the CDO's are anyones guess in value. When companies like IMB are showing losses month after month,doesn't it make sense to find a way to put the breaks on a Runaway Train or is it better to just keep riding it out till it crashes and burns, creating much destruction in its path? My question Morgan is that the financial institutions don’t even know how bad things are since this is the first time in the history of this country and the world we are having to deal with such an issue(closest is the Great Depression), so why don’t all these lenders just change the people who have ARMS who are current, who they know are going to have issues once these interest rates move up, turn them into fixed rate loans? Period. Then freeze the rest of those that have moved down the pipeline already. Just get it over with..when call centers like HOPE are going from 600 calls a day to 4000 a day, how do they expect the lenders o handle the volume?

Yes, it may be considered a bailout to some ,however, these lender are not equiped financially to handle the masses of foreclosures or losses. Homeowners who followed the straight path are finding their neigborhoods dimishing in value each month and creating a haven of empty homes, and the CDO’s are anyones guess in value. When companies like IMB are showing losses month after month,doesn’t it make sense to find a way to put the breaks on a Runaway Train or is it better to just keep riding it out till it crashes and burns, creating much destruction in its path?

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