IndyMac Bancorp, Inc. (NYSE:NDE) is the holding company for IndyMac Bank?, a leading technology-based mortgage lender with its award-winning e-MITS? platform to facilitate automated underwriting, risk-based pricing and rate lock of home loans on a nationwide basis via the Internet. IndyMac provides mortgage products and services through its business relationship division, IndyMac Mortgage Bank, and its consumer direct division, IndyMac Consumer Bank.

IndyMac Mortgage Bank (the Mortgage Bank) offers multi-channel distribution of its mortgage products and services through a nationwide network of mortgage brokers, mortgage bankers, financial institutions, Realtors? and homebuilders. The Mortgage Bank also provides commercial loans to homebuilders for the purpose of constructing new single-family residences.

Through its Investment Portfolio Group, IndyMac services $37 billion of mortgage loans and invests in single-family residential mortgage loans, mortgage-backed securities and mortgage servicing rights to provide core, stable net interest and fee income. (continued below)

Founded in 1985, IndyMac Bancorp is the largest savings and loan in Los Angeles and the 16th largest in the Nation (based on assets). With its first-to-market e-MITS platform, it is the 20th largest mortgage lender nationwide and was ranked by Gomez Report as the number one overall online mortgage lender in the Country for six of seven measurement periods since Fall 2000.

IndyMac's management is committed to delivering superior returns and increasing shareholder value. IndyMac's total annualized return to shareholders for the period 1993 through December 31, 2003 of 24% under its current management team, has exceeded the comparable returns of 13% and 11% for the Dow Jones Industrial Average and S&P 500, respectively, for the same period.