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Home » Store » News » IndyMac ‘Disappointed’ by Reduced Profits

IndyMac ‘Disappointed’ by Reduced Profits

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IndyMac, the top Alt A lender in 2006, reported this week that its profits are down 34 percent for the first quarter of 2007 despite several changes to its lending and personnel structure. The company attributed the decline in profits to “spread widening caused by the...
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