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FBI Begins Fraud Probe of IndyMac Mortgages

Failed bank may have given improper loans to people with bad credit

By John Johnson, Newser Staff

Posted Jul 16, 2008 7:11 PM CDT

(Newser) – The FBI is investigating failed bank IndyMac for possible fraud related to its mortgage-lending business, Bloomberg reports. The agency is looking into whether the bank gave improper loans to people with shaky credit. It is working closely with the FDIC, which seized the bank's assets... Read full story »

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FBI Begins Fraud Probe of IndyMac Mortgages

Failed bank may have given improper loans to people with bad credit

housing market • IndyMac • bank fraud • FDIC • bank failure

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More Newser Stories

Wreck of IndyMac Sold for $13.9B

Soros, Dell among the players in FDIC's damaged-goods sale

Failed FDIC-Run Bank Added Fuel to Subprime Fire

Feds seized Ill.-based Superior in 2001, but it continued to write, sell off bad loans

IndyMac Failure Exposes Risk for Uninsured $$$

Depositors with more than $100K in the bank could be in trouble

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

FDIC Launches 50 Criminal Inquiries of Failed Banks

But it won't name names yet

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