Countrywide, IndyMac Co-Founder Dies

David S. Loeb, co-founder of Countrywide Credit Industries and IndyMac Bancorp Inc., died June 30 in Sparks, Nev., at the age of 79, IndyMac has reported.Mr. Loeb, who was also chairman emeritus of IndyMac, co-founded Countrywide (now Countrywide Financial Corp.) with Angelo Mozilo in 1969 and served as its president and chairman from March 1969 through February 2000. In 1985, Messrs. Loeb and Mozilo founded Countrywide Mortgage Investments Inc., a real estate investment trust, which evolved into IndyMac Bancorp, IndyMac said. "David was a giant in the mortgage industry," said Michael W. Perry, IndyMac's chairman and chief executive officer. ".... His wisdom and industry experience, coupled with his strategic vision, strongly influenced IndyMac's foundation and helped us become what we are today. He was also a great mentor and friend, and we will miss him."