Interesting article from LA Times columnist Scott Reckard that talks about IndyMac’s creation of project “Iron Man”. Iron Man was a last minute bid by executives to assemble a group of private equity firms to pump cash into Indymac and become its controlling shareholders. To read a copy of the article click the link below.
Most Popular Articles
First-time homebuyers made up a record share of agency purchase loans in 2023
First-time homebuyers made up 55% of agency purchase mortgages in 2023, the highest such share in the 10 years ICE has been tracking the metric.