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Fannie says IndyMac has $1 bln in mortgage obligations: report
Reuters - Fannie Mae , the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing people familiar with the situation.
Private equity group buying IndyMac assets: FDIC
Reuters - A consortium of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, has agreed to buy the assets of failed mortgage lender IndyMac, the Federal Deposit Insurance Corp said on Friday.
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