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Real Estate & Property Law

: Housing Wire

FDIC Faces $10 Billion Blast on IndyMac Loans

By KELLY CURRAN

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The Federal Deposit Insurance Corp. – while supposedly rid of IndyMac Bank via a sale agreement with a consortium of private-equity investors last week — may face $10 billion in previously-unknown liabilities linked to mortgages the failed thrift sold to Fannie Mae (FNM: 0.72 -2.70%), the New York Post reported Sunday. Fannie Mae and the FDIC [...]

Full post as published by Housing Wire on January 12, 2009 (boomark / email).

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