IndyMac Bancorp Ranked Seventh Largest Mortage Originator in the Nation
2006年6月14日 - 4:56AM
ビジネスワイヤ(英語)
IndyMac Bancorp, Inc. (NYSE:NDE) ("Indymac(R)" or the "Company"),
the holding company for IndyMac Bank, F.S.B. ("Indymac Bank(R)"),
today announced that, based on its mortgage loan production of $20
billion for the first quarter of 2006, it has been ranked the
seventh largest mortgage originator in the nation, according to the
quarterly rankings published by the National Mortgage News.
Indymac's production was up 72 percent from the first quarter of
2005, when the publication ranked the Company 13th. "We broke into
the top 10 in the third quarter of last year, and this quarter's #7
ranking puts us well on the way to our goal of being a top six
originator by 2010," commented Michael W. Perry, Indymac's Chairman
and Chief Executive Officer. "While we consider this a significant
achievement, given the tight band of production for those ranked
seventh through 10th, we are well aware that we could move down
before we move up further. Our real focus is not on whether we are
ranked seventh or 10th, but on how we can profitably get to sixth
sooner than 2010. It's a big leap to sixth--originations totaled
over $35 billion for the sixth largest originator compared to our
$20 billion last quarter. With that said, it is gratifying to think
we started Indymac with four employees in 1993, and we are now
successfully competing in the mortgage business with the largest
financial institutions in the USA," added Perry. Of the top 25
mortgage lenders in the National Mortgage News survey, Indymac was
one of only three companies that achieved sequential quarterly
growth, growing its production 11 percent from the fourth quarter
of 2005 to the first quarter of 2006. Commenting on this, Richard
Wohl, Indymac's President, noted, "The primary factors driving
Indymac's growth in production volumes and market share are the
following: -0- *T 1. Continued leveraging of our mortgage lending
platform through geographic expansion of our regional centers and
sales force growth; 2. Improved marketing, sales and operational
execution with our existing products and channels; 3. New product
development. We have had significant success in entering the option
arm market and enhancing that product line, as well as entering the
reverse mortgage business through the acquisition of Financial
Freedom two years ago. We continue to have substantial room for
growth through product expansion, particularly given that
conforming and government lending products are as yet a relatively
small component of our production volumes; and 4. The continued
growth of our conduit and correspondent divisions, which
contributed significantly to our attainment of the #7 ranking. This
expansion has served us well in the near term; however,
longer-term, we will need to drive stronger growth in our wholesale
and retail channels to move up in the rankings." *T About Indymac
Bank IndyMac Bancorp, Inc. (NYSE:NDE) (Indymac(R)) is the holding
company for IndyMac Bank, F.S.B. (Indymac Bank(R)), the largest
savings and loan in Los Angeles and the seventh largest mortgage
originator in the nation. Indymac Bank, operating as a hybrid
thrift/mortgage banker, provides cost-efficient financing for the
acquisition, development, and improvement of single-family homes.
Indymac also provides financing secured by single-family homes and
other banking products to facilitate consumers' personal financial
goals. With an increased focus on building customer relationships
and a valuable consumer franchise, Indymac is committed to becoming
a top six mortgage lender in the U.S. by 2010, while maintaining
annualized earnings per share growth in excess of 15 percent. The
company is dedicated to constantly raising expectations and
conducting itself with the highest level of ethics. For more
information about Indymac and its affiliates, or to subscribe to
the company's Email Alert feature for notification of company news
and events, please visit http://about.indymacbank.com/investors.
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