The FDIC has issued a press release rebutting the video that is making its way around the internet (and posted on this blog). Yet the rebuttal isn't entirely convincing. While it appears there may be some inaccuracies or rather some things left out about the IndyMac loss sharing agreements, on the whole it does appear that OneWest has big incentives to NOT work out loans.
Click the link to read the NY TImes story.
Scott Dauenhauer CFP, MSFP, AIF