Home Loan Resources

In a shocking announcement on Monday, Indymac Bank has shut down it’s wholesale and retail operations.

Luckily for consumers who had loans about to fund with them, they will most likely still go through.  They are just not allowing new submissions or new rate locks.

Just when we thought all the big banks still remaining had made it through the mortgage meltdown, Indymac releases this news.  It will be interesting to see how this plas out and we will keep you posted.