Hints and tips:
...The 38 per cent threshold in the FHFA plan draws on a model for loan modifications laid out by the FDIC when it took over IndyMac, the California bank, in July....
...Last week the FDIC un-veiled a plan to restructure thousands of mortgage loans for borrowers at IndyMac....
...IndyMac specialised in making and selling so-called Alt-A mortgage loans, provided to customers more credit worthy than subprime borrowers but unable to qualify for a prime-rate loan....
...Conforming mortgage loans from the Government (that is all that is left in the mortgage market) have moved up half of a percent in the past few days....
International Edition