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onewest loan modification

A family’s loan modification nightmare

by Moe Bedard

The Gentrys have been working with OneWest, which was formed from the ruins of IndyMac Bank in 2009, for 18 months to find a way to ease their mortgage payments. The family is eager to keep the house, Marianne Gentry said, in part because they’ve adapted it to meet the needs of her 74-year-old husband, [...]

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OneWest Bank offers family a loan modification after they evicted them

by Moe Bedard

Last year, Paulette fell ill.Medical expenses swamped them. They tried to renegotiate their home loan with IndyMac Mortgage Services. Instead, IndyMac began foreclosure.

The Steltons now rent a home.

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Homeowners say OneWest Bank would rather foreclose than offer loan modifications

by Moe Bedard

ELK GROVE, CA – A couple facing foreclosure from OneWest Bank has joined the growing number of homeowners, attorneys and real estate professionals who believe the bank would rather foreclose than modify a loan.

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OneWest Bank lawsuit claims that they are profiting from foreclosures

by Moe Bedard

PASADENA – A spate of recently filed lawsuits allege OneWest Bank is systematically hiking loan payments for struggling home loan borrowers and pushing them into foreclosure.
Sacramento attorney Peter Macaluso said the Pasadena-based bank is doing it because it can make more money that way than by keeping borrowers in their homes.

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OneWest Bank accused of not helping homeowners

by Moe Bedard

Nineteen months after the catastrophic failure of one of Sacramento’s top lenders, Pasadena-based IndyMac Bank, a flurry of local lawsuits alleges that the bank’s successor – OneWest Bank – is systematically working to push home loan borrowers into foreclosure.

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One West Banks new billionaire owners make $1.6 billion profit

by Moe Bedard

The billionaires’ club of private financiers who took over the remains of IndyMac Bank from the Federal Deposit Insurance Corp. turned a profit of $1.57 billion last year on the failed mortgage lender — more than they invested less than a year ago.
Yet under the sale agreement, the federal deposit insurance fund still could lose [...]

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Indymac Bank F.S.B. v Yano-Horoski: Judge Grants Homeowners a Huge Victory

by Moe Bedard

Indymac Bank F.S.B. v Yano-Horoski
2009 NY Slip Op 52333(U)
Decided on November 19, 2009
Supreme Court, Suffolk County
Spinner, J.
2005-17926
Steven J. Baum P.C.
Attorney for Plaintiff
P.O. Box 1291
Buffalo, New York 14240
Diana Yano-Horoski
Defendant Pro Se
8 Oakland Street
East Patchogue, New York 11772-5767
Jeffrey Arlen Spinner, J.
This is an action wherein the Plaintiff claims foreclosure of a mortgage dated August 4, 2004 in [...]

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