Muncie Star Press (IN) (07/17/08)
The FBI has launched a probe into IndyMac Bancorp Inc., which was recently taken over by the FDIC, for possible fraud in connection with home loans made to risky borrowers. The investigation is reportedly focused on the company and not any individuals who ran it, according to an unidentified law enforcement official. The bank holds the dubious distinction of being the largest regulated thrift to fail and the second-largest financial institution to close in the country's history. In total, the FBI is now investigating 21 companies tied to the subprime mortgage crisis and is looking into at least 1,400 mortgage fraud cases nationwide.
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