Financial Freedom (IndyMac subsidiary) acquired

The FDIC, which took over IndyMac Bank last year, announced that a consortium of investors led by IMB Management Holdings has agreed to acquire IndyMac for $13.9 billion.

This is good news for Financial Freedom, a subsidiary of IndyMac.  Financial Freedom is one of the best assets in IndyMac’s portfolio since it is profitable and rumored to be worth $500 to $950 million.  

It’s also good news for the thousands of borrowers, employees, and wholesale lenders who have built up relationships with Financial Freedom over the last decade.