Launching a new offensive against leaders of failed financial institutions, federal regulators are accusing four former executives of Pasadena’s defunct IndyMac Bank of granting loans to developers and home builders who were unlikely to repay the debts. The lawsuit by the Federal Deposit Insurance Corp. alleges that the IndyMac executives acted negligently and seeks $300m in damages.
FDIC sues four former IndyMac executives
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The industry needs to speak out about the consequences of the commission lawsuits: Brokerage leaders
From how buyers will pay agents, to E&O insurance implications, a panel of brokerage leaders discussed the many potential impacts of the commission lawsuits.
