http://www.bankrate.com/brm/news/mtg/20081...-IndyMac-a1.asp
Government agency:
Federal Deposit Insurance Corp., or FDIC.
Contact:
Call (877) 908-HELP (4357).
Online form.
Web site: www.imb.com.
Noted qualifications:
Inability to afford your current mortgage payments.
Missed mortgage payments.
Ability to make modified payments.
May need to prove financial hardship.
Target debt-to-income (DTI) ratio: 38 percent.
Options:
Repayment plan.
Interest-rate reduction.
Extension of loan term.
Conditional forbearance.
Foreclosure stay.
Principal deferral.
Short sale.
Deed in lieu of foreclosure.
Letters:
IndyMac sends out "invitations to apply" for a loan modification and ready-to-sign preliminary loan modification offers based on information that's on file (within the last six months). Offers require verification of income and expenses. Borrowers who have missed two payments are more likely to receive a letter.