California Real Estate Fraud Report

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17
Jul

IndyMac Under the FBI’s Microscope

In response to reports from company insiders (see article below) and borrowers who lost their homes, the FBI has opened in investigation into IndyMac, the California mortgage lender that was put under government control last week.

Presumably because IndyMac is headquartered in Pasadena, it is the FBI’s Los Angeles office that is spearheading the investigation. The Bureau is looking into allegations that the bank made loans to borrowers who were unqualified by altering the loan documents.

Read the Full Article on Bloomberg.

© Copyright 2007-2017 Monique Bryher

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