Indy Mac Bank: will it survive?
July 9th, 2008 by Dawn Cutaia, Esquire | Posted in Bankruptcy, Credit, Mortgages and Real Estate | 921 Comments »
I received this article in the Mortgage News newsletter I subscribe to:
IndyMac Halts New Loans and Slashes Workforce in Half
IndyMac Bancorp Inc. said that because regulators no longer view the company as “well capitalized” and no worthwhile bids have been made on its mortgage loans and securities, the lender will lay off 3,800 employees and [...]