You need to be more specific. Not a good business right now. They were huge in the industry. Raltor for amost 10 yrs. Should have gotten out of this sector 2 years ago. Read my posts here since 2007. Forget the hopeful gleam and bliss, look at the reality of what is actually happening. Indymac Stakeholders: In this very difficult and challenging environment, any of the actions that we take to keep Indymac safe and sound unfortunately have negative consequences to some important constituency. As we stated in our financial update on May 12, 2008, we have been working with our investment bankers to raise additional capital. Q108, but it is difficult at this time to be more precise given the significant uncertainty surrounding accounting estimates, fair value accounting and other accounting matters. Indymac safe and sound through this crisis period. May 12 was a possible scenario. We have agreed on the basic elements of the plan, and the regulators have directed us to begin executing on it. An important element of our plan is to improve our capital ratios. In addition to needing to shrink our assets to improve our capital ratios, we also need to do so to ensure that we maintain prudent operating liquidity. While we have submitted a waiver application, it is uncertain as to whether such a waiver will be granted. 7, 2008, that we will no longer accept any new loan submissions or rate locks in our retail and wholesale forward mortgage lending channels, except for our servicing retention channel. While the managers and employees in these units have worked incredibly hard, these units are not currently profitable due to the continuing erosion of the housing and mortgage markets. Freedom, primarily in Irvine, Sacramento, and Atlanta; 400 in our Southern California retail and web bank; 500 in portfolio management and administration, largely in Pasadena; and 250 in discontinued businesses. 15 years, but clearly these are the largest and most difficult staff reductions we have ever had to make.

If we had another alternative, we clearly would have chosen it, as we understand how painful these workforce reductions can be for the affected employees and their families. Given Indymacs current financial position and these significant layoffs, I strongly believe it is appropriate that I further materially reduce my own compensation. COBRA insurance coverage for each year of service, was clearly the most generous in the mortgage industry, if not among most of the Fortune 500. 60 days of advance notice prior to the effective date of the their termination.

20,000 severance, including any compensation payments made during the notice period. Indymac safe and sound, so that we can rebuild our workforce and shareholder value when the housing and mortgage markets stabilize. We will be providing more information on our plans and prospects when we release Q208 earnings. Very truly yours, Michael W. Perry Chairman and Chief Executive Officer About Indymac Bank IndyMac Bancorp, Inc. 7th largest savings and loan in the nation. Financial Freedom subsidiary is one of the largest providers of reverse mortgage loans to seniors. Sounds like fun and your dreaming of your office and owning your own home. Or perhaps over the years the relationship fizzles. Now your committed by law to fulfill your obligation for payment. Since your not married I highly suggest that you have a lawyer work with both of you to protect each of you if something were to happen.

That way you both can have a peace of mind and nobody develops bad credit or health problems through it all. Your best bet is to first call around for interest rates to see who has the best interest rate. It just helps keeping you out of a lawsuit Earnest Money. Typically people ask for a 30 year rate fixed but others like adjustable rates. Some closing costs are negotiable and whenever you sit down with anyone make sure they disclose a HUD to you so their isnt any hidden costs. So with all that, I suggest you not get a loan from the first Bank you walk into. Also,if you have a Realtor, they work with lenders and maybe they have a reputable lender they trust and do business with. 87,500 Forfeiture proposed against MHJP, Inc. 1,377,000 Forfeiture proposed against Extreme Leads, Inc. 4,500 Forfeiture proposed against Travelcomm Industries, Inc. 4,500 Forfeiture proposed against Aras Marketing, Inc. 4,500 Forfeiture proposed against Global QA Corp. 13,500 Forfeiture proposed against CyberData, Inc.

2007 Cancelled Proposed Forfeiture Against Burkes Garden Telephone Company, Inc. 4,000 Forfeiture Proposed Against Habla Communicaciones, Inc. 4,000 Forfeiture Proposed Against Connect Paging, Inc. 4,000 Forfeiture Proposed Against Burkes Garden Telephone Company, Inc. 100,000 Forfeiture Proposed Against Oneida County Rural Telephone Co. 100,000 Forfeiture Proposed Against PriorityOne Telecommunications, Inc. 100,000 Forfeiture Proposed Against Shoreham Telephone Company, Inc. 100,000 Forfeiture Proposed Against Ampd Mobile, Inc. 36,000 Consent Decree with Waterman Broadcasting Corp. 2007 Citation issued to National Consumer Council, Inc. 2007 Citation issued to CardHolder Services, Inc. 2007 Citation issued to The Promotions Center, Inc. 2007 Citation issued to Five Star Remodeling, Inc. 2007 Citation issued to United Chimney Corp. 2007 Citation issued to Optima Funding, Inc. 2007 Citation issued to Columbia House Holdings, Inc. 2007 Citation issued to Westgate Resorts, Ltd.

2007 Citation issued to AZ Prime One Mortgage Corp. 2007 Citation issued to Care Free Homes, Inc. 2007 Citation issued to Combined Agency, Inc. 2007 Citation issued to Global Alarms, Inc. 2007 Citation issued to Bulldog Flat Roofing Inc.

2007 Citation issued to Contractor Software, Inc. 2007 Citation issued to Amazing Solutions, Inc. 2007 Citation issued to American Shredding, Inc. 2007 Citation issued to ATG Technologies, Inc. 2007 Citation issued to Micro Retail Systems, Inc. 2007 Citation issued to Health Care Answering Service, Inc. 2007 Citation issued to Midwest Paging, Inc. 2007 Citation issued to Teleservices, Inc.

2007 Citation issued to Academic Licenses, Inc. 2007 Citation issued to Financial Authority, Inc. 2007 Citation issued to Credit Escape, Inc. 2007 Citation issued to DNA Search, Inc. 2007 Citation issued to Infogix, Inc. 2007 Citation issued to York Financial Partners, Inc.

2007 Citation issued to Palm Beach Business Services, Inc.

2007 Citation issued to Nations Pharmacy, Inc. 2007 Citation issued to Get Motivated Seminars, Inc. 2007 Citation issued to Alliance Capital Corp.

2007 Citation issued to Answer Med Telecom, Inc. 2007 Citation issued to J. 2007 Citation issued to Water Cannon, Inc. 2007 Citation issued to Rolane Diagnostics, Inc. 2007 Citation issued to Global Tracking Communications, Inc. 97,500 Forfeiture Order against 1st Source Information Specialists, Inc. 2006 Citation issued to Fleet Pros USA Inc. 2006 Citation issued to PATLive, Inc. 2006 Citation issued to Amerilist, Inc. 2006 Citation issued to American Life Health Care, Inc.

2006 Citation issued to Global Marketing Network, Inc. 2006 Citation issued to Pinnacle Surety Services, Inc. 2006 Citation issued to United Steel and Aluminum Inc. 85,000 Consent Decree with Long Distance Consolidated Billing Co. 2006 Citation issued to Construction Expo Inc. 2006 Citation issued to Blaze Marketing, Inc. 2006 Citation issued to FastTrack Financial, Inc. 2006 Citation issued to Money Warehouse, Inc. 2006 Citation issued to Aras Marketing, Inc. 2006 Citation issued to Response Card Marketing, Inc. 2006 Citation issued to Infinity Financial USA Corp. 2006 Citation issued to Bruce Plastics, Inc. 2006 Citation issued to UReach Technologies, Inc. 2006 Citation issued to The Emmerich Group, Inc. 2006 Citation issued to Victor Star Realty Inc. 2006 Citation issued to United Copy Systems, Inc. 2006 Citation issued to Trinity Marketing Corp. 2006 Citation issued to Cost Crunch, Inc. 2006 Citation issued to COA Networks, Inc. 2006 Citation issued to Blue Networks, Inc. 2006 Citation issued to Kenneth R.

2006 Citation issued to Venali, Inc.

2006 Citation issued to Modena Advertising, Inc. 2006 Citation issued to Homefield Financial, Inc. 2006 Citation issued to Guardian Communications, Inc. 2006 Citation issued to JNS Design Group, Inc. 97,500 NAL against 1st Source Information Specialists, Inc. 9000 Forfeiture Order against Septic Safety, Inc. 2006 Consent Decree with Warrior Custom Golf, Inc. 2006 Citation issued to Florida Enterprises, Inc.

776,500 Forfeiture Proposed Against First Choice Healthcare, Inc. 12,000 Consent Decree with NBC Telemundo License Co. 2006 Citation issued to 1st Source Information Specialists, Inc. 2006 Citation issued to Data Find Solutions, Inc.

75,000 Consent Decree with CenturyTel, Inc.

24,000 forfeiture proposed against each Waterman Broadcasting Corp. 2005 Citation issued to DAB Sales, Inc. 2005 Admonished Verizon Communications, Inc. 14,500 forfeiture proposed against Septic Safety, Inc. 23,500 forfeiture proposed against Warrior Custom Golf, Inc. 400,000 Consent Decree with Primus Telecommunications, Inc. 155,000 Consent Decree with Access Integrated Networks, Inc.