IndyMac Bancorp, Inc. To Participate in the Morgan Stanley Under the Hood: Consumers, Mortgages & Housing Conference
February 16 2006 - 12:52PM
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 via teleconference in the Morgan
Stanley Under the Hood: Consumers, Mortgages & Housing
Conference being held in New York City, New York. Michael W. Perry,
Indymac's Chairman and Chief Executive Officer, will speak in a
moderator-led discussion including audience participation at 2:30
p.m. Eastern Time today. A simultaneous webcast of the session 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 Jan. 31, 2006, under its
current management team, has exceeded the comparable returns of 12%
and 11% 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, 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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