Monday, August 10, 2009

IndyMac buyers hope to profit from its loan-modification expertise (Los Angeles Times)

The private equity group says it wants to have the Pasadena lender sell its services to other financial firms that are struggling with troubled mortgages. The investors who are buying failed IndyMac Bank want to exploit its experience in dealing with a mountain of troubled mortgages by having the thrift sell loan-modification services to other financial firms.

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