New CRL report: Indymac. What Went Wrong?
Read the report (PDF)>> As IndyMac Bancorp battles questions about its financial stability, a new report from the Center for Responsible Lending provides evidence that IndyMac put itself in a hole by engaging in unsound and abusive lending during the nation's mortgage boom. The report, "'IndyMac: What Went Wrong?," finds substantial evidence that IndyMac routinely made loans with little regard...