IndyMac Bancorp, Inc. to Participate in the Deutsche Bank 2006 Real Estate Outlook Conference
January 11 2006 - 6:46PM
Business Wire
IndyMac Bancorp, Inc. (NYSE:NDE) ("Indymac" or the "Company"), the
holding company for IndyMac Bank(R) F.S.B. ("Indymac Bank"), today
announced that it will participate in the Deutsche Bank 2006 Real
Estate Outlook Conference in New York City, New York on Thursday,
January 12, 2006. Richard H. Wohl, President of Indymac Bank, will
be participating in the mortgage panel at 3:00 p.m. Eastern Time. A
simultaneous webcast of the mortgage panel will be available on
Indymac's Website at www.indymacbank.com. IndyMac Bancorp, Inc. is
the holding company for Indymac Bank, the largest savings and loan
in Los Angeles County and the 9th 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(R) 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 Web-enhanced banking services,
including deposits, competitive CD and money market accounts, and
online bill payment services. Indymac Bank is FDIC insured.
Indymac's total annualized return to shareholders of 23% for the
period Dec. 31, 1992 through Dec. 31, 2005, under its current
management team, has exceeded the comparable returns of 12% and 10%
for the Dow Jones Industrial Average and S&P 500, respectively,
for the same period. For more information about Indymac and its
affiliates, or to subscribe to the Company's Email Alert feature
for notification of Company news and events, please visit our
Website at www.indymacbank.com. FORWARD-LOOKING STATEMENTS Certain
statements contained in this press release may be deemed to be
forward-looking statements within the meaning of the federal
securities laws. The words "anticipate," "believe," "estimate,"
"expect," "project," "plan," "forecast," "intend," "goal,"
"target," and similar expressions identify forward-looking
statements that are inherently subject to risks and uncertainties,
many of which cannot be predicted or quantified. Actual results and
the timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements due
to a number of factors, including the completion of the quarterly
internal certification process(1); the effect of economic and
market conditions including industry volumes and margins(1); the
level and volatility of interest rates(1); the Company's hedging
strategies, hedge effectiveness and asset and liability
management(1); the accuracy of subjective estimates used in
determining the fair value of financial assets of Indymac; the
credit risks with respect to our loans and other financial assets;
the actions undertaken by both current and potential new
competitors(1); the availability of funds from Indymac's lenders
and from loan sales and securitizations, to fund mortgage loan
originations and portfolio investments; the execution of Indymac's
growth plans and ability to gain market share in a significant
market transition(1); the impact of disruptions triggered by
natural disasters, including the assessment of the effects of the
Gulf Coast Hurricanes(1) and the effects of any future hurricanes;
the impact of current, pending or future legislation,
regulations(1) or litigation; and other risk factors described in
the reports that Indymac files with the Securities and Exchange
Commission, including the Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, and its reports on Form 8-K. (1) While all of
the above items are important, the highlighted items represent
those that, in management's view, merit increased focus given
current conditions.
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