Indymac Bancorp, Inc - IMB- Profile

IndyMac Bancorp, Inc.. The Group's principal activity is to operate as a hybrid thrift/mortgage banker that provides cost-efficient financing for the acquisition, development and improvement of single-family homes. It operates through its wholly owned subsidiary, IndyMac Bank. It also provides financing secured by single-family homes and other banking products to facilitate consumers' financial goals. The Group operates through two segments: Mortgage Banking and Thrift. The Mortgage banking division originates loans through mortgage brokers, mortgage bankers, financial institutions, realtors and homebuilders. It offers consumer mortgage lending through its retail banking branches, direct mail, online advertising, outbound sales and other channels. It also generates reverse mortgage products for seniors aged 62 and above. The Thrift segment invests in loans originated by various production units, home-builder construction loans and mortgage backed securities. Provides mortgage lending, commercial lending and retail banking services and manages investment portfolio