Industry News

IndyMac Bancorp considers IPO for reverse-mortgage unit

Unit dominates reverse-mortgage arena
Published on May 1, 2006

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by CareyBot

IndyMac Bancorp, which runs one of Southern California’s largest savings and loans, today said it is pondering selling through an initial public offering a 20 percent stake in a unit that provides reverse mortgages. The company said its board of ...

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