ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release August 3, 2005 #05-54
E-mail: [email protected]

ACB PARTNERS WITH INDYMAC TO EXPAND HOMEOWNERSHIP OPPORTUNITIES

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WASHINGTON, D.C. — ACB Business Partners, Inc., a subsidiary of America’s Community Bankers, announced today that it has partnered with IndyMac Bank’s Correspondent Services Division to help member community banks expand homeownership opportunities in their communities.

The alliance with IndyMac will provide ACB member banks with an opportunity to sell nonconforming loans into the secondary market and retain the servicing of those loans. Secondary market investors generally purchase mortgages that include the servicing rights. ACB member banks that deliver loans to IndyMac under this program will benefit from competitive pricing and dedicated IndyMac resources. Nonconforming loans include jumbo loans, and loans with other features that Fannie Mae and Freddie Mac do not buy.

“This relationship with IndyMac adds another option to the suite of mortgage products that ACB makes available to our community banks on member-advantaged terms,” said William J. Kroll, president and CEO of ACB Business Partners. “The servicing retained feature will allow our members to sell mortgages into the secondary market while still maintaining an ongoing relationship with their customers.”

“IndyMac Bank is proud of this alliance with ACB,” said Len Israel, president of IndyMac’s Correspondent Services. “ACB members will have access to IndyMac’s extensive suite of products, exceptional customer service and award-winning QuickPricer and e-MITS technology, while developing and maintaining relationships with their borrowers for the life of the mortgage.”

IndyMac’s award-winning QuickPricer and e-MITS technology offers ACB members access to online risk-based pricing, decisioning and ratelocking in less than one minute.

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

About IndyMac Bank

IndyMac Bancorp, Inc. is the holding company for IndyMac Bank, the largest savings and loan in Los Angeles County and the 10th largest nationwide (based on assets). Through its hybrid thrift/mortgage banking business model, IndyMac is in the business of designing, manufacturing and distributing cost-efficient financing for the acquisition, development and improvement of single-family homes. IndyMac also provides financing secured by single-family homes to facilitate consumers’ personal financial goals and strategically invests in single-family mortgage-related assets.

IndyMac utilizes its award-winning e-MITS technology platform to facilitate automated underwriting, risk-based pricing and rate lock of home loans on a nationwide basis via the Internet at the point of sale. IndyMac provides mortgage products and services through various mortgage banking divisions and invests in certain of its mortgage loan production and mortgage servicing for long-term returns.

IndyMac Bank also offers a wide array of retail banking services, including deposits, competitive CD and money market accounts and online bill payment services. IndyMac Bank is FDIC insured.

For more information about IndyMac and its affiliates, or to subscribe to the company’s e-mail alert feature for notification of company news and events, please visit our website at www.indymacbank.com.

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