The Real Deal Miami

IndyMac borrowers get help from regulator

August 21, 2008 08:13AM

The Federal Deposit Insurance Corp. plans to help thousands of IndyMac Bank borrowers repay their mortgages now that the bank has failed. Borrowers can reduce their interest rates, principal payments or extend their repayment periods through lower-priced, fixed-rate loans if they are delinquent or in default on mortgages. The FDIC took over IndyMac in July when the company’s problems started a run on the bank.