Industry News

IndyMac to miss fourth-quarter earnings estimates

'Exotic' mortgages fueled record Q3 loan production
Published on Jan 17, 2007

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by CareyBot

Mortgage lender IndyMac Bancorp Inc. will miss its fourth-quarter earnings target, Chief Executive Officer Michael W. Perry said in a letter to shareholders, because of increased credit costs, lower net interest margins, and a decline in return on equity. Pasadena, ...