(WASHINGTON)Industry data to be released Wednesday will show whether home loan applications continued to inch upward from nearly seven-year lows as mortgage rates dipped slightly last week.READ MORE
(NORTHBROOK, Ill.)Prospect Mortgage, a company specializing in buying midsize residential lenders, said Tuesday it agreed to buy the majority of IndyMac Bancorp Inc.'s retail mortgage branches for u...READ MORE
(WASHINGTON)Signs are emerging that the U.S. housing market's long slump is likely to fester through the summer, and the real estate market may not recover for at least another year.READ MORE
(NEW YORK)Fitch Ratings on Tuesday said it cut the long-term issuer default ratings for IndyMac Bancorp Inc. and its banking subsidiary following a disclosure it is no longer considered "wel...READ MORE
(WASHINGTON)A measurement of pending home sales fell to the third-lowest reading on record in May as the housing market's recovery continued to prove elusive. The National Association of Realt...READ MORE
(NEW YORK)Shares of IndyMac Bancorp Inc. plummeted Tuesday morning after the company stopped accepting some loan submissions and trimmed its work force, and an analyst cut his price target t...READ MORE