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

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
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 ...

Comments