http://www.realestateindustrynews.com/real-estate-market/fdics-sale-of-indymac-to-one-west-bank-sweetheart-deal-or-not/ Real Estate Industry News and Information for Real Estate Professionals Sun, 05 Sep 2010 11:18:33 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.realestateindustrynews.com/real-estate-market/fdics-sale-of-indymac-to-one-west-bank-sweetheart-deal-or-not/comment-page-1/#comment-1978 Tom Mon, 12 Jul 2010 18:24:35 +0000 http://www.realestateindustrynews.com/?p=1002#comment-1978 Some of the math missing in the above analysis regards the 'other' 93% of the total laon asset package purchased by OneWest. This 93% is not loan ownership but loan servicing rights, which allows OneWest to delay and deny any type of workout in order to jack additional loan servicing fees to the true note owner, who will then chase the happless borrower for decades to coollect. Think about all the additional fees OneWest could charge on their $157B loan servicing platform. Yummy! Some of the math missing in the above analysis regards the ‘other’ 93% of the total laon asset package purchased by OneWest. This 93% is not loan ownership but loan servicing rights, which allows OneWest to delay and deny any type of workout in order to jack additional loan servicing fees to the true note owner, who will then chase the happless borrower for decades to coollect. Think about all the additional fees OneWest could charge on their $157B loan servicing platform. Yummy!

]]> http://www.realestateindustrynews.com/real-estate-market/fdics-sale-of-indymac-to-one-west-bank-sweetheart-deal-or-not/comment-page-1/#comment-1259 Howard Tue, 20 Apr 2010 18:59:21 +0000 http://www.realestateindustrynews.com/?p=1002#comment-1259 What is really troubling is that Deutsche Bank was retained by the FDIC to draft the sale agreement and they had a very large part on future losses as they had purchased from Indy Mac Bank the bulk of the sub-prime loans and gained from said agreement for future losses paid by the FDIC What is really troubling is that Deutsche Bank was retained by the FDIC to draft the sale agreement and they had a very large part on future losses as they had purchased from Indy Mac Bank the bulk of the sub-prime loans and gained from said agreement for future losses paid by the FDIC

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