IndyMac Question From a Reader

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By
Muhammed El-Hasan
on July 22, 2008 7:11 AM | | Comments (0) |

Biz Waves reader DK wrote that he has a loan with IndyMac, and asked if the bank's failure and subsequent takeover by the FDIC will affect his loan.

The FDIC is assuring the public that the Pasadena-based thrift will continue to operate as a bank. The loans it has outstanding should not be affected.

However, if you have more than $100,000 in an account at the bank, that's a different story.

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This page contains a single entry by Muhammed El-Hasan published on July 22, 2008 7:11 AM.

Will Mervyns Close? was the previous entry in this blog.

Foreclosures: LA County's Hardest Hit Cities is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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