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www.loan-academy.com/
IndyMac Federal Bank FSB Profile
Last Updated January 20, 2016 10:20 AM Central


Jumbo Lender Emerges
The Federal Deposit Insurance Corporation has closed on the sale of IndyMac Federal Bank FSB at a huge loss. The new company will initially focus on jumbo mortgage originations.

OneWest Bank FSB completed its acquisition of the failed thrift Thursday, according to an announcement late last night from newly formed thrift-holding company OneWest Bank Group LLC.

OneWest was organized by IMB HoldCo LLC -- a consortium of private investors with ties to J.C. Flowers & Co. LLC, Paulson & Co., MSD Capital L.P., Stone Point Capital LLC, SSP Offshore LLC and SILAR MCF-I LLC.
read full story

Schumer Letter Leads to Collapse of Biggest Thrift Ever
Troubled IndyMac Bank F.S.B. was shut down today by federal banking regulators. The government said a June 26 letter from Sen. Charles Schumer sparked the crisis that led to the collapse.


Company Name:

IndyMac Federal Bank FSB
(formerly known as IndyMac Bank FSB)


Parent:

Federal Deposit Insurance Corporation


Related Companies:


Financial Freedom Senior Funding Corp.


Stock Symbol:


n.a.

Headquarters Address:

888 East Walnut Street
Pasadena, CA 91101


Number of Employees:


7,500 as of Aug. 15, 2008


Web site:

www.indymacb2b.com


Chairman of the Board:


pending

President:

Rick Hoffman


CEO

John Bovenzi (under FDIC)


Residential Production:

2007 $77.0 billion

2006 $90.0 billion

2005 $60.8 billion

2004 $37.9 billion

2003 $30.0 billion


Servicing Portfolio:


740,000 loans for $184 billion as of Aug 12, 2008


Loans Held for Investment:


45,000 mortgages for $15 billion as of Aug 12, 2008

27,000 home-equity lines-of-credit for about $1.9 billion as of Aug 12, 2008

Latest news about IndyMac Federal Bank FSB:

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