...on behalf of Countrywide mortgage holders). The FDIC is taking such steps already on the troubled mortgages held by IndyMac Bank, which the feds seized in July. Through this program, the FDIC has saved about two-thirds of the defaulting borrowers...

...percentage defaulting again on their mortgages. But more recent efforts, such as the FDIC's handling of defaulting IndyMac Bank loans and Fannie Mae's modification of loans bought from investors, show that 60 percent or more of the borrowers...