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Today's Fresh Blogs...| Buy on fear today? Bear Stearns (BSC), Countrywide (CFC), IndyMac (IMB), Popular (BPOP), Washington Mutual (WM) |
| Published: August 10, 2007, 11:15 am |
| Tags: Amazon Com Amzn, Amazon Com Amzn, Apple Inc Aapl, Appleinc Aapl, Bear Stearns Cos Bsc, Bearstearnscos Bsc, Brian White, Brianwhite, Countrywide Financial Cfc, Countrywidefinancial Cfc, Doug Mcintyre, Dougmcintyre, Georges Yared, Georgesyared, Indymac Bancorp Imb, Indyma |
| Mutual (WM), Bargain stocks, IndyMac Bancorp (IMB), Bear Stearns Cos (BSC), Intuitive Surgical Inc (ISRG)Plenty of investment guru's have suggested buying on fear and selling when greed reaches its pinnacle. Well I think the fear side is self evident but I'm not hearing about many analysts who are brave enough to buy right now. As a matter of |
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| Buy on fear today? Bear Stearns (BSC), Countrywide (CFC), IndyMac (IMB), Popular (BPOP), Washington Mutual (WM) |
| Published: August 10, 2007, 11:15 am |
| Tags: Amazon Com Amzn, Amazon Com Amzn, Apple Inc Aapl, Appleinc Aapl, Bear Stearns Cos Bsc, Bearstearnscos Bsc, Brian White, Brianwhite, Countrywide Financial Cfc, Countrywidefinancial Cfc, Doug Mcintyre, Dougmcintyre, Georges Yared, Georgesyared, Indymac Bancorp Imb, Indyma |
| Mutual (WM), Bargain stocks, IndyMac Bancorp (IMB), Bear Stearns Cos (BSC), Intuitive Surgical Inc (ISRG)Plenty of investment guru's have suggested buying on fear and selling when greed reaches its pinnacle. Well I think the fear side is self evident but I'm not hearing about many analysts who are brave enough to buy right now. As a matter of |
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| Freddie Mac steps in to the Alt-A void |
| Published: August 14, 2007, 12:26 pm |
| Tags: Mortgage News Insight, Alt, Credit Crunch, Freddie Mac, Gse, Impac, Indymac |
| surging through the doors. IndyMac, Impac and the other Alt-A behemoths must be lobbying extra hard up at the GSE offices. In my humble estimation the words responsible and reduced documentation are strange bed-fellows don’t you think? Share At: |
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| How'd you like $152.5 million worth of containment'? |
| Published: August 14, 2007, 2:36 am |
| Tags: Wall Street, Mortgage News Insight, Countrywide, Impac, Indymac, Prime Mortgage Problems, Subprime Contagion |
| How’s this for subprime containment theorists? Impac Mortgage Holdings plans to announce at its upcoming quarterly earnings call a loss of $152.5 million for the most recent quarter compared to $26.4 million in profit a year ago. It made the revelation in their statement regarding the delayed SEC filing of its quarterly 10-Q. A huge hat |
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| The Death of Stated Income Loans |
| Published: August 16, 2007, 11:57 pm |
| Tags: Mortgage News Insight, Alt, Indymac, Liar Loans, Nina, Niv, No Income Loans, Sisa, Stated Income Loans |
| in the coffin; courtesy of IndyMac Bank. IndyMac released another round of massive product changes that specifically focus on making the “liar loans” stated income and no income loan products completely irrelevant to the majority of lending situations. Regardless of credit score. They also eliminate some of the more |
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| IndyMac wades back in to the jumbo market |
| Published: August 23, 2007, 11:43 pm |
| Tags: Mortgage News Insight, Credit Crunch, High End Housing Market, Indymac, Jumbo Loans |
| on the secondary market IndyMac announced today a return of the loan product. Well, a return of sorts. Jumbo loans will now require full income documentation and a minimum borrower equity position of 15% in the property. IndyMac is planning on holding those loans in its portfolios until secondary market interest returns. While its a |
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| IndyMac Says It May Post A Loss in the Third Quarter |
| Published: September 7, 2007, 12:18 pm |
| Tags: Lenders Problems 2007, Mortgage News, Mortgage News, Indymac, Cents, Loss, Post, Rebuilding, Rough, Illiquidity |
| IndyMac Bancorp, the second biggest U.S. independent home lender, said it may post a third- quarter loss as housing sales falter and mortgage defaults climb. Indymac may break even or report a loss of as much as $36.8 million, or 50 cents a share, IndyMac said today in a regulatory filing. The forecast that the lender described as |
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| Newspaper wrap-up: Microsoft's Halo 3 sets record |
| Published: September 27, 2007, 5:00 am |
| Tags: Barron S, Barrons, Financial Times, Financialtimes, Goog, Google, Imb, Indymac, Mdt, Medtronic, Microsoft, Msft, New York Times, Newspaper, Newyorktimes, Ny Times, Nytimes, Paper, Periodical, Siemens, Wall Street Journal, Wallstreetjournal, Wsj, Zale, Zlc |
| (GOOG), Microsoft (MSFT), IndyMac Bancorp (IMB)MAJOR PAPERS: In December, Siemens AG (NYSE: SI) disclosed questionable transactions in its telecom and power generation businesses totaling about $600M. Now that figure is estimated to be about four times that, according to the Wall Street Journal. Microsoft Corporation's (NASDAQ: MSFT) |
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| Dead Man Walking - Wholesale Lending is Marching Towards Extinction |
| Published: October 15, 2007, 12:13 pm |
| Tags: Mortgage Musings, Countrywide, Indymac, Mortgage Brokers, Wholesale Mortgage, Wholesale Mortgage Lending |
| from Mike Perry, CEO of IndyMac to his employees highlights the success that IndyMac has had in minimizing the effect of layoffs on the company. On the surface, a seemingly positive email, it instead points to a clear strategic effort to let wholesale lending bleed to death. From his email: “It is also important to note that, even |
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| IndyMac Tightens Screws on Brokers |
| Published: November 5, 2007, 11:46 am |
| Tags: Mortgage News Insight, Brokers, Indymac, Wholesale, Wholesale Lending |
| a price point profitable for IndyMac. This could be excellent news for those brokers who meet the above qualifications. On the other hand, if IndyMac is getting killed on its loan pools from wholesale originators and are going hat in hand to investors trying to persuade them that they have cleaned up their wholesale channel with the above |
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| IndyMac Posts $200 Million Quarterly Loss |
| Published: November 6, 2007, 12:14 pm |
| Tags: Wall Street, Mortgage News Insight, Brokers, Earnings, Indymac, Option Arms, Wholesale, Wholesale Lending |
| IndyMac posted a net operating loss of more than $200 million related to credit costs in its 3rd quarter earnings release. The loss is only the 2nd in 15 years for the company since the current management team took over the operation. The losses were greater than expected. Here are some salient points from the earnings report: |
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| IndyMac Bancorp Reports Net Loss of $202.7 Million |
| Published: November 7, 2007, 4:10 pm |
| Tags: Mortgage Defaults, Mortgage Delinquencies, Mortgage News, Indymac, Bancorp, Loss, Compared, Disappointed, Perry, Million |
| IndyMac Bancorp Reports Net Loss of $202.7 Million IndyMac Bancorp has reported a net loss of $202.7 million ($2.77 per share) for the third quarter, compared with net earnings of $86.2 million ($1.19 per share) a year earlier. IndyMac said its pretax credit costs totaled $407.7 million in the third quarter, compared with $103.5 million in the |
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| IndyMac Reaches Out to Brokers to Calm Nerves |
| Published: November 9, 2007, 8:00 pm |
| Tags: Mortgage News Insight, Brokers, Indymac, Wholesale Lending |
| order: 1. XXXX, your Indymac Bank Sales Professional 2. XXXX, your Regional President 3. Drew Buccino, newly promoted CEO of Indymac’s MPG drew.buccino@imb.com (480) 375-2201 4. Frank Sillman, CEO of Indymac Mortgage Bank frank.sillman@imb.com (626) 535-5216 5. Mike Perry, CEO of Indymac Bank michael.perry@imb.com (626) |
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| IndyMac Makes Drastic Changes to Loan Programs (updated) |
| Published: December 13, 2007, 11:39 am |
| Tags: Mortgage News Insight, Alt A, Indymac, Option Arm, Secondary Market |
| sending this one along from IndyMac: Update (added these changes from IndyMac): Major guideline changes just announced: * No Ratio and NINA has been eliminated on all products. * Stated income on jumbo is now limited to 75% max LTV. * Hybrid Option Arm is gone again. * The lot loan program |
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| IndyMac Delivers Coal to Florida Home Owners |
| Published: December 26, 2007, 12:04 pm |
| Tags: Mortgage News Insight, Florida, Florida Condominiums, Florida Condos, Indymac Bank |
| IndyMac Bank gets the hell out of Florida - but the question is, is it too late? I’ve got a longer follow up post coming on the subject of loan guidelines that will address this in greater detail; but let’s take a look at the below communication: Full documentation only 40% down on non-owner properties If that doesn’t |
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