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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudParkmerced's $1.8B debt heads to special servicingParkmerced's $1.8B debt heads to special servicing
South Florida

Big mortgage lender in trouble 

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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.