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Indymac Inks Deal to Sell Retail Residential Mortgage Business 

Jul 08, 2008By

A company many in the industry probably haven’t heard of is set to become one of the nation’s largest independent retail mortgage operations — almost overnight. How? By snapping up all of the retail mortgage branches of troubled Indymac Bancorp Inc. [stock IMB][/stock], which disclosed only only day earlier that it would exit substantially all of its mortgage origination activity.