The FDIC tells me that 597 Florida homeowners will be included in the first round of offers to modify IndyMac loans. That's about 15 percent of the 4,000 total letters that are due to go out by tomorrow.

If you are an IndyMac borrower -- meaning the failed bank either made your loan or serviced it -- you may be eligible for the loan modification program that the FDIC announced yesterday. You can call 1-800-781-7399 to talk with the bank's customer service staff.

Here's the part some borrowers might not like. IndyMac, which made tens of thousands of loans in Florida, was known for making Alt-A loans, which required little or no verification of a person's income. In other words, liar loans.

To qualify for the FDIC loan modification program, you have to do it the right way this time. You must show proof of income.