Industry News

IndyMac sells $590 million in Alt-A MBS

Says it's a sign that 'modest liquidity' is returning
Published on Aug 28, 2007

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by CareyBot

IndyMac Bank last week sold $590 million in bonds backed by prime jumbo loans, the company said Monday — the first bonds the lender has traded since July 19, when “fear-induced illiquidity” froze the market. In a statement posted on ...