Industry News

IndyMac posts first annual loss in company’s history

Alt-A lender projects return to profitability in 2008
Published on Feb 12, 2008

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by CareyBot

Last year “was a terrible year for our industry, for Indymac and for you, our owners,” IndyMac Bancorp Inc. Chief Executive Officer Michael Perry said today in a letter to shareholders as the alt-A lender reported a $509 million fourth-quarter ...