Senate passes final procedural vote needed to send housing bill back to House

Prospect Mortgage to acquire IndyMac mortgage retail branchesMortgagePress.comProspect Mortgage, IndyMac Bank, retail branches, John Johnston, Ron Bergum, Mark Filler Prospect Mortgage has signed an agreement to acquire the majority of IndyMac's retail mortgage branches. Terms of the transaction were not disclosed. The transaction encompasses approximately 750 employees, along with more than 60 branch offices which will be rebranded as Prospect Mortgage. John Johnston and Ron Bergum will remain in leadership roles with the retail branch group and report to Mark Filler, CEO of Prospect Mortgage. "The IndyMac transaction benefits our loan officers, customers, sales managers and referral sources," said Filler. "This is growth for the right reasons, not just for the sake of growth. The IndyMac transaction will enable us to increase our investment and success in marketing, technology, and customer service levels." With completion of the IndyMac transaction, Prospect Mortgage projects that it will become one of the largest independent retail mortgage companies in the country. For more information, visit www.prospectmtg.com.