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Litigation

Oct. 14, 2008

Judge's Ruling Means IndyMac Borrowers Face Ticking Clock

A federal judge Friday refused to give homeowners allegedly cheated by failed IndyMac Bank more time or assistance to file claims with the lender's federal insurer.

By Don J. DeBenedictis
Daily Journal Staff Writer

SANTA ANA - A federal judge Friday refused to give homeowners allegedly cheated by failed IndyMac Bank more time or assistance to file claims with the lender's federal insurer.

Class action attorneys for the homeowners promised to appeal to the 9th U.S. Circuit Court of Appeals today. Without immediate 9th Circuit action, borrowers who believe they were tricked into taking on an IndyMac "Option ARM...

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