Business Information
The group's principal activity is to provide mortgage banking, commercial lending, retail banking services and manage investment portfolio, through its wholly owned subsidiary, indymac bank. The group operates in two segments: mortgage banking and investment portfolio. Mortgage banking segment includes the acquisition, sale and securitization of mortgage loans secured by one-to-four unit single-family residences. Investment portfolio segment invests in residential loans and mortgage securities on a long-term basis. This segment performs mortgage servicing activities such as providing support to mortgage banking activities, acquiring loans and securities in secondary market and hedge the interest risk attendant with servicing related assets. On 16-Jul-2004, the group acquired financial freedom holdings inc.
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Name |
Title
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Email
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| Michael Perry | Chmn., CEO | Available | | Frank Sillman | CEO - Indymac Mortgage Bank | N/A | | Michelle Minier | Vice Chmn., CEO - Financial Freedom Sr. Funding Corporation | N/A | | Patterson Jackson | CEO - Heloc, Government Lending | N/A | | Anthony Ebers | COO, Exec. VP - Indymac Bank | N/A |
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Year |
Sales |
Net Income |
| 2005 | 1,765,332 | 300,226 | | 2004 | 1,211,347 | 170,522 | | 2003 | 1,039,677 | 171,303
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