IndyMac is Hiring

[profette_IHB]

IndyMac hired more than 600 former employees of the American Home Mortgage Investment Corporation. They indicated that they might hire 250 more.

IndyMac will also assume the leases on more than 90 offices where the employees worked.

Last month, IndyMac eliminated 400 back-office processing jobs, about 4 percent of the work force.

The new hires include Ron Bergum and John Johnston (former co-chief executives for retail lending in American Home’s Western region).

 

[IrvineRenter_IHB]

That will be good news for the numerous out-of-work mortgage brokers in the area.

 

[biscuitninja_IHB]

I wonder why they are hiring these people? Could they be setting themselves up to take over several numerous bank's REO and foreclosures?

Just idle wondering.

bix

 

[lendingmaestro_IHB]

IMB is quickly ramping up its retail lending as wholesale dies down. Those people will all be retail originators.