Sen. Schumer Kills Indymac Bancorp.


   Sen. Schumer’s statements comments appear to have killed Indymac Bancorp.  With the resent old fashion run on the bank, due to Sen. Schumer’s comments, Indymac has announced they will no longer accept any new loan submissions or rate locks in either retail or wholesale, and are closing their “forward” mortgage business.  As of today Indymac will no longer be in the Residential Mortgage business. 












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