Second Round of Bids on IndyMac?

The Federal Deposit Insurance Corp. is continuing to keep a "cone of silence" on the bidding for IndyMac's assets but, according to one investment banker familiar with the process, a second round of bids is now under way. The investment banker, requesting his name not be used, said, "there's a decent amount of interest." It is still unclear whether the thrift - now a ward of the FDIC - will be sold mostly in one piece or as an ongoing franchise or broken up. Investors have been offered the option of making one bid for the entire company or just making an offer on certain portfolios or the servicing platform. The thrift services about $190 billion in mostly home loans, ranking ninth nationwide, according to the Quarterly Data Report. The FDIC took control of IndyMac in July.

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Servicing Law and regulation
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