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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3635)10/7/1998 8:56:00 AM
From: Kip518  Read Replies (1) of 18998
 
What NDE needs -- a new voice?

IndyMac Mortgage Holdings Inc. Appoints Stephen A. Swartz Executive
Vice President, Investor Relations

Business Wire - October 07, 1998 08:27

PASADENA, Calif.--(BUSINESS WIRE)--Oct. 7, 1998--IndyMac Mortgage Holdings Inc. (NYSE:NDE), ("IndyMac
REIT"), today announced that Stephen A. Swartz has been appointed executive vice president, investor relations.

In this capacity, Swartz is responsible for all of IndyMac's communications with investors, securities analysts, and the financial
media. He joins IndyMac from H.F. Ahmanson & Co., where he had been director of investor relations since 1990.

"Steve's deep knowledge of the investment community coupled with his many years of mortgage-related business experience is
a powerful combination that will be invaluable as we reach out to investors and analysts and tell them the very exciting IndyMac
story," said Michael W. Perry, IndyMac's president. "We are delighted to welcome him aboard."

Swartz has more than 20 years experience in the financial services industry. Prior to Ahmanson, he was senior vice president of
investor and media relations at Seaman's Corp. He served in various capacities for Irving Bank Corp., including founder of the
investor communications department.

Swartz began his career with the Federal Reserve Bank of Boston. He holds a bachelor of arts degree from the University of
Massachusetts and an LL.B. from Boston University. Swartz was a director of the National Investor Relations Institute (NIRI)
of Washington, D.C. and president of the Los Angeles chapter of NIRI from 1996 through 1998.

Additionally, he was founder and past president of the Bank Investor Relations Association. Swartz served two years in the
U.S. Army (Armor) in the Republic of Vietnam. He was honorably discharged with the rank of Captain and was awarded two
Bronze Star Medals while in Vietnam.

IndyMac REIT is a real estate investment trust with more than $7 billion in assets. The company conducts a diversified
mortgage lending business, including operating a nationwide private mortgage conduit through its affiliate, IndyMac Inc., by
originating and acquiring prime and subprime non-conforming and jumbo home loans.

Through its affiliates, the company offers a variety of construction and permanent mortgage financing programs for builders and
developers, including short-term revolving financing and lines of credit for commercial and residential construction, in addition to
providing financing for manufactured housing, warehouse lending, and home improvement loans.

The company also offers a wide range of mortgage products directly to consumers through its LoanWorks division. More
information about products or services offered by IndyMac and its affiliates can be found at www.indymac.com
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