On Tuesday, IndyMac Bancorp Inc. suspended offering earnings forecasts, noting its thrift segment experienced a rise in nonperforming assets in its loan portfolios and its conduit business experienced a drop in production loss due to increased credit costs and "current uncertainty with respect to secondary market spreads and execution." HSBC Holdings incurred credit impairment charges of $760 million for the first half of the year in its North American mortgage services business, according to its interim earnings report Monday. But the recent meltdown in the subprime sector seems to be favoring Oxford Funding Corp., which says such environment provides an "exceptional" opportunity to buy mortgages at substantial discounts.
More... 
