IndyMac Bancorp News

The House Rules Committee today will consider an amendment to a Wall Street and consumer protection bill that would increase bank deposit insurance to $250,000 retroactive to July 11, 2008.

A group of nearly 30 homeowners converged on the Pasadena offices of OneWest Bank this week to protest the bank's alleged refusal to modify their mortgage loans.

Homeowners are in a race with the foreclosure clock. Often many lose. Loan modifications on the most delinquent borrowers are not being done in time to save their homes.

A former trustee of defunct IndyMac Bank's parent company has sued the bank's former CEO and members of its board, claiming they "recklessly" mismanaged it even when they had chances to save it from one of the largest bank failures in U.S. history.

An ex-trustee of IndyMac Bancorp has sued the bank's former CEO and directors of its board, claiming they recklessly mismanaged it even when they had chances to save the Pasadena-based outfit from one of the largest bank failures in U.S. history.

In January, when the Federal Deposit Insurance Corp. announced it had sold IndyMac Bancorp to a group of buyout firms, it looked like it could be the start of something big.

GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.

GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.

ECHO PARK : Anyone who lives in Echo Park knows about the stallage of The Durbin, developer Angeles Group's townhome project at 1631 N. Echo Park Avenue.

C sells Portuguese card business to Barclays . WAG meets with Q4 results. MSHL says NV-128 mTOR inhibitor shows good safety profile.

Tribune file photo New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007.

CIT Group Inc. shares jumped 13% Tuesday after a report that the struggling lender could merge with IndyMac Federal Bank.

FIRST things first: The mortgage-banking crisis that nearly sunk our economy was not merely a function of lack of government oversight.

The Federal Deposit Insurance Corp. failed to take aggressive action when IndyMac Bank began to unravel under the weight of its failed loans, a newly released report says.

Nick Illich, no stranger to bad news, might be on the verge of getting some good news regarding the hugely troubled mortgage on his Mayfair home.

It was all news to Socher, who was there to make a deposit. "I feel sad that another bank failed," she said.

Life has not been kind to Nicholas and Kathleen Illich of Mayfair. Nick, 58, had a stroke a few years back and cannot work.

The Federal Deposit Insurance Corp. approved guidelines for private-equity firms to buy failed banks, opening a growing pool of failing lenders to new buyers and limiting costs to the agency and the industry.

The Sherman Oaks, Calif.-based company added it will open new branches in the Chicago area and in Wisconsin and northwest Indiana.

The Pension Benefit Guaranty Corporation has taken control of the defined benefit pension plan of IndyMac Bank , P&I report.