Industry News

IndyMac’s loan volume up, profit margins down

Lender faces higher credit costs, makes less-profitable loans
Published on Jan 29, 2007

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by CareyBot

IndyMac Bancorp Inc. posted record loan production of $26 billion in the fourth quarter 2006 — a 44 percent increase from the same quarter a year ago — but said profit margins were down because of increased credit costs, increasing ...

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