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Definitions from the Web

Indymac

Description

Indymac refers to a former American mortgage bank that operated from 1985 until its closure in 2008. It was once one of the largest savings and loan associations in the United States. Indymac faced significant financial difficulties during the subprime mortgage crisis, leading to its failure and subsequent takeover by the Federal Deposit Insurance Corporation (FDIC).

Some possible uses of Indymac:

Noun (Proper):

1. Indymac Bank, now known as OneWest Bank, offered different mortgage options to its customers.
2. Many homeowners lost their properties when Indymac collapsed.

Related products: OneWest Bank