Industry News

IndyMac Bancorp laying off 400 employees

Alt-A lender cites drive to cut costs, but losses also up
Published on Jul 20, 2007

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by CareyBot

IndyMac Bancorp Inc. is laying off 400 employees around the nation after second-quarter loan volumes fell 12 percent from the previous quarter. “The reality is that the mortgage market continues to be very tough right now, and we recognize that ...