The Real Deal Miami

Big mortgage lender in trouble 

July 09, 2008 10:17AM

IndyMac Bancorp, one of the largest independent mortgage lenders in the U.S., has lost more than $3 billion in shareholder value over the past two years. Its stock is down to .44 cents, and was valued at $50 per share in 2006. Analysts believe IndyMac will go bankrupt or be sold.