The FDIC, which took over IndyMac Bank last year, announced that a consortium of investors led by IMB Management Holdings has agreed to acquire IndyMac for $13.9 billion.

This is good news for Financial Freedom, a subsidiary of IndyMac.  Financial Freedom is one of the best assets in IndyMac’s portfolio since it is profitable and rumored to be worth $500 to $950 million.  

It’s also good news for the thousands of borrowers, employees, and wholesale lenders who have built up relationships with Financial Freedom over the last decade.

This entry was posted on Saturday, January 24th, 2009 at 9:26 am and is filed under Consumer News, Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.