In 2009, a group led by Mnuchin bought California-based residential lender IndyMac, which had been in receivership by the FDIC and owned owned $23.5 billion in commercial loans, mortgages, and mortgage-backed securities.
A group led by Mnuchin bought California-based residential lender IndyMac-backed securities. This was in 2009. Residential lender IndyMac had been in receivership by the FDIC. Residential lender IndyMac had owned owned $23.5 billion in commercial loans. Residential lender IndyMac had owned owned $23.5 billion in mortgages. Residential lender IndyMac had owned owned $23.5 billion in mortgage.