The Federal Deposit Insurance Corp.'s (FDIC) Indymac systemic loan modification plan could have a widespread impact on bond holders, according to a recent report from Barclays Capital.

Following the July 11 OTS closure and appointment of FDIC as the receiver of IndyMac Bank, the FDIC announced a plan last week to “systematically” modify seriously delinquent mortgages that are owned or securitized and serviced by IndyMac Federal,  the new OTS-chartered institution.

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