Oh boy I hope they have to distress sale their portfolio and mark to market… or pennies on the dollar. I don’t think the Fed and it’s Superfriends network will allow that kind of marking in Pay Option ARM and Alt-A to happen at once. It will be an orderly unwind and poof IMB fades out quietly…
What does the withdrawal of Indymac from new business actually mean to the market directly. Does it just mean that such business will redirect to Sallie Mae/Mac or did Indymac concentrate on the junkier end of the market I read (Heloc, sub-prime and alt-A) and it simply means that banks refinancing with Indymac will cut back such offering even more severely.
What does the withdrawal of Indymac from new business actually mean to the market directly. Does it just mean that such business will redirect to Sallie Mae/Mac or did Indymac concentrate on the junkier end of the market I read (Heloc, sub-prime and alt-A) and it simply means that banks refinancing with Indymac will cut back such offering even more severely.
What does the withdrawal of Indymac from new business actually mean to the market directly. Does it just mean that such business will redirect to Sallie Mae/Mac or did Indymac concentrate on the junkier end of the market I read (Heloc, sub-prime and alt-A) and it simply means that banks refinancing with Indymac will cut back such offering even more severely.
What does the withdrawal of Indymac from new business actually mean to the market directly. Does it just mean that such business will redirect to Sallie Mae/Mac or did Indymac concentrate on the junkier end of the market I read (Heloc, sub-prime and alt-A) and it simply means that banks refinancing with Indymac will cut back such offering even more severely.
What does the withdrawal of Indymac from new business actually mean to the market directly. Does it just mean that such business will redirect to Sallie Mae/Mac or did Indymac concentrate on the junkier end of the market I read (Heloc, sub-prime and alt-A) and it simply means that banks refinancing with Indymac will cut back such offering even more severely.
