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IndyMac stops new loans, plans to cut workforce by half

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Posted    Comment    Recommend By Alex Veiga, internetcasinos for usa players AP usa no deposit bonus Business Writer LOS ANGELES — Mortgage lender IndyMac Bancorp , struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

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