IndyMac to Sell its Branches, FDIC to Sell the Rest
July 25, 2008
After seizing control of IndyMac Bank this month, the Federal Deposit Insurance Corp. is looking to unload the lender’s assets by the beginning of October. While the federal regulator grapples with troubled loans in the portfolio and continues to operate IndyMac’s reverse mortgage unit, a sale of many of the lender’s retail...