Analysts' Recommendation: Sell 30 Days Ago: Hold ndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank that provides mortgage products and services in the United States. It operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages. This segment also originates or purchases mortgage loans through its relationships with mortgage brokers, mortgage bankers, and financial institutions, as well as offers mortgages and reverse mortgages to consumers through direct mails, Internet leads, online advertising, affinity relationships, retail banking branches, and real estate professionals. The Thrift segment offers single-family residential mortgage loans, as well as provides construction financing for individual consumers for building a primary residence or second home. As of December 31, 2007, the bank operated through a network of 33 branches in southern California. The company was founded in 1985 and is headquartered in Pasadena, California.
$0.1701 (07/13/08)
