The new investors of One West Bank agreed to continue loan modifications, an agreement that apparently they have not complied with.

When the US government sold IndyMac to what is known today as "One West Bank", they agreed to continue the modifications in exchange for the FDIC's loan loss protection. According to CNN "Loan modifications to continue: In order to receive the FDIC's loan loss protection, IMB Management has agreed to continue the streamlined loan modification program FDIC Chairman Sheila Bair put into place. IndyMac also added (CNN), "in an effort to help troubled homeowners who qualify, is adjusting mortgage payments to no more than 38% of a borrower's monthly income by reducing the interest rate or stretching out the length of the loan."

This is apparent by all the inquiries found on the Internet that the new investors that took over the Bank based out of Pasadena, Calif., which is IMB Management Holdings, (led by Steven Mnuchin, who is chair and co-chief executive of Dune Capital Management. Terry Laughlin, who headed Merrill Lynch Bank & Trust, will serve as chief executive of IndyMac) may not be continuing to do any or few modifications which was not the agreement they made.

They received federal funds that in turn come from tax payers to aid our economy and then they do not comply with their agreement, but keep our US dollars. Please aid our economy and contact the US Treasury Department Department ( Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 General Information: (202) 622-2000 Fax: (202) 622-6415), if you have been a qualified homeowner and rejected by One West Bank (IndyMac) of a modification. Here is a link to find out, if you may be eligible http://makinghomeaffordable.gov/eligibility.html.