Industry News

IndyMac says Fannie, Freddie changes will hamper growth

Delinquencies continue to rise in servicing portfolio
Published on Jan 9, 2008

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by CareyBot

Shares of alt-A lender IndyMac Bancorp Inc. were in freefall this week after the company reported a significant increase in delinquencies among prime, first-lien loans in November, and said new policies being implemented by mortgage repurchasers Fannie Mae and Freddie ...