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Real Estate & Property Law

: Housing Wire

Sale of IndyMac to Private Equity Investors Approved

By KELLY CURRAN

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The Federal Deposit Insurance Corporation’s Board of Directors approved Friday the sale of Pasadena-based IndyMac Federal Bank, FSB, to a thrift holding company controlled by IMB Management Holdings LP for a price tag of $13.9 billion. IMB HoldCo is owned by a consortium of private equity investors led by Steven Mnuchin, former Goldman Sachs partner and [...]

Full post as published by Housing Wire on January 02, 2009 (boomark / email).

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