IndyMac Bancorp announces 2,400 layoffs

IndyMac Bancorp Inc. said Tuesday it would cut 24 percent of its staff -- some 2,403 workers -- and forecast that 2008 loan volume will fall to $43 billion, or less than half the business the alt-A lender did two years ago.

IndyMac said it will close regional wholesale mortgage centers in Tampa, Philadelphia, Boston, Columbia (S.C.) and Kansas City (Mo.) by the end of the quarter, consolidating their operations into 11 other regional centers around the country.

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