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Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Real Estate and Mortgages

FBI investigating IndyMac Bancorp for possible fraud

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Topic: FBI investigating IndyMac Bancorp for possible fraud (Read 206 times)

~Dave~

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Jul 16, 2008, 04:31:43 PM

IndyMac Bancorp Inc. (IDMC.PK) is currently under investigation by the FBI for possible fraud in connection with home loans the company made to risky borrowers. Indymac was taken over last Friday by the FDIC and assets were seized by federal authorities after the mortgage lender giant fell due to the credit crunch combined with tumbling home prices and the rising foreclosure rate.

More here :
FBI Fraud Probe Launched to Investigate IndyMac Bancorp (IDMC.PK)

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