IndyMac Bank FSB, Pasadena, Calif., has announced the introduction of GrupoMac, a Hispanic wholesale division that will serve mortgage brokers and emerging bankers in markets with significant Spanish-speaking populations.The new division will offer IndyMac's mortgage products, but they will be tailored to the growing U.S. Spanish-speaking population and supported by a staff of bilingual sales and operations specialists, the bank said. IndyMac said it plans to add employees throughout the year, including bilingual individuals involved in underwriting, sales, and various support positions in a number of its regional mortgage centers. The company can be found online at www.indymacbank.com.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
17m ago -
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DSCR loans once allowed coverage ratios as low as 0.65, but 2023-24 vintage stress is pushing lenders toward stricter underwriting and interest-only structures.
5h ago -
The Consumer Financial Protection Bureau is overhauling its consumer complaint portal after receiving 6.6 million complaints last year, more than double the 3.2 million in 2024, citing abuse by credit repair firms and social media influencers.
June 25 -
The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
June 25 -
Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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