Industry NewsMortgage

IndyMac cuts losses but market share slips

Alt-A lender expects to stay in the red in 2008
Published on May 12, 2008

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by CareyBot

IndyMac Bancorp Inc. said it cut losses by 64 percent during the first quarter, to $184 million, but doesn’t expect to return to profitability in 2008 as losses related to loans it made during the height of the boom mount. ...