One West Bank: Refusing to Fix Loans and They Don’t Care

PASADENA – It’s been a year since a group of investors including billionaire George Soros and computer company founder Michael Dell agreed to buy IndyMac for what would be nearly $14 billion.

A year later, OneWest seems to be trying to get out from under the shadow of its failed predecessor.

Its press-shy executives have recently been meeting for lunch with local officials, getting the word out about their plans, re-writing mortgages and taking heavy flack from IndyMac borrowers whose loans they are refusing to change.

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