Pasadena based IndyMac Bancorp has announced that over 2400 employees will be let go. This in response to the mortgage crises.
In the past few years IndyMac built up a huge headquarters in Pasadena and opened branches around the area. Bank branches.
We are learning that several regional wholesale mortgage centers around the country are being closed. From Kansas City, Tampa, Columbia, SC, Phili, to start.
Reading the release it sounds like further cuts could be coming as the crises continues.
Countrywide has been in the news recently for laying off approx 12,000.