Comments on: Romanticizing Greed: The New York Times and Indy Mac http://blownmortgage.com/2008/07/28/romanticizing-greed-the-new-york-times-and-indy-mac/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Mon, 09 Nov 2009 22:42:54 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Hezekiah http://blownmortgage.com/2008/07/28/romanticizing-greed-the-new-york-times-and-indy-mac/comment-page-1/#comment-12447 Hezekiah Tue, 29 Jul 2008 18:34:59 +0000 http://blownmortgage.com/?p=1202#comment-12447 Let's not let two-buck-Chuck Schumer off the hook so quickly. Indymac was like a patient on life support in the ER. His injuries are a result of his own reckless driving. Chuck's actions were equivalent to yanking life support from the patient. Would the patient have survived? We'll never know now, will we? Let's not let two-buck-Chuck Schumer off the hook so quickly. Indymac was like a patient on life support in the ER. His injuries are a result of his own reckless driving. Chuck's actions were equivalent to yanking life support from the patient. Would the patient have survived? We'll never know now, will we?

]]> By: anajay http://blownmortgage.com/2008/07/28/romanticizing-greed-the-new-york-times-and-indy-mac/comment-page-1/#comment-12446 anajay Tue, 29 Jul 2008 18:30:45 +0000 http://blownmortgage.com/?p=1202#comment-12446 <i>I remember talking to friends who used to send all of their loans to IndyMac. They would get max value on a ?pushed? appraisal, an exception on a credit score under 620 and a maximum rebate on their pay option ARM loans that yielded them tens of thousands of dollars per transaction.</i><br><br>I worked for just such a broker, as his processor. This is no heresy; it happened so much, to such a disgusting degree, that I resigned that loan officer. I had done 5 years at Countrywide, fighting pressure to alter incomes on Fast & Easy, to demand certain values from appraisers, and on and on. But it was this guy, this IndyMac enthusiast, that really drove me to say, "Enough!" <br><br>He also just LOVED to work with AHM.<br><br>Go figure. I remember talking to friends who used to send all of their loans to IndyMac. They would get max value on a ?pushed? appraisal, an exception on a credit score under 620 and a maximum rebate on their pay option ARM loans that yielded them tens of thousands of dollars per transaction.

I worked for just such a broker, as his processor. This is no heresy; it happened so much, to such a disgusting degree, that I resigned that loan officer. I had done 5 years at Countrywide, fighting pressure to alter incomes on Fast & Easy, to demand certain values from appraisers, and on and on. But it was this guy, this IndyMac enthusiast, that really drove me to say, “Enough!”

He also just LOVED to work with AHM.

Go figure.

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