IndyMac to stop most mortgage loans and cut 3,800 jobs - Reuters UK

IndyMac to stop most mortgage loans, cut ... most home loans after regulators concluded it ... and wholesale mortgages but will honor rate-locked ... Alt-A" home loans that often go to ... of mortgage loans in 2007, ranking ninth ... billion of loans annually. Shares of IndyMac ... poorly performing loans. That's its biggest problem

Monday July 07 2008, 11:44PM