Today the FDIC announced that IndyMac Bank, F.S.B., Pasadena, CA, was closed by the Office of Thrift Supervision (OTS).  As conservator the FDIC will establish and operate the new IndyMac Federal Bank, FSB to maximize the value of the institution for a future sale and to maintain banking services in the communities formerly served […]

*Update* - It’s official… click here.
I’ll be honest, I’m getting tired of writing about Indymac but this one could be big…  Mortgage Lender Implode is reporting that a verbal announcement of  “The FDIC is in charge” rang through the halls today in Indymac’s Pasadena offices.
According to the ML Implode’s inside source, a formal announcement will […]

A little note from Financial Freedom management about its future and Indymac…
Lender Alert #08-65 
Message from Michael Giampaolo
I want to take this moment to reassure you that Financial Freedom is still in business and is not affected by Indymac’s curtailment of forward mortgage production. In fact, we are actively improving our processes to give […]