In 2002, IndyMac was proud to continue its tradition of corporate giving and employee volunteerism. Corporate support for organizations that work to provide the opportunity of home ownership to low-and-moderate income families continues to be a priority for the Company.

As a regulated financial institution, IndyMac is required to satisfy the requirements of the Community Reinvestment Act (CRA). Through the framework of this program, the Company provides invaluable support to a variety of non-profit, community-based organizations that help to secure and preserve affordable housing. Through contributions to organizations such as Inglewood Neighborhood Housing Services and the Neighborhood Partnership of Montclair, IndyMac meets the guidelines of the CRA, while promoting the dream of home ownership. Recently, the Company made a $2.5 million investment in Fannie Mae mortgage-backed securities secured by loans to low- to moderate-income borrowers in the Bank's CRA assessment area. Of the $20.3 billion of home mortgage loans funded by IndyMac in 2002, 12.8% were made to low- to moderate-income borrowers. In light of its accomplishments in 2002, the California State Assembly recognized IndyMac for its efforts in the development of more affordable housing.

In addition to housing, IndyMac supports programs that assist those on the margins of society. One such program is the Weingart Center Association, which offers case management services for high-risk homeless clients that lead to housing, employment, medical and mental health care, education, and alcohol and drug treatment.

In 2001, IndyMac employees participated in their first United Way Campaign, winning the agency's "Best New Campaign" trophy. Raising the bar in 2002 our employees made pledges of $112,000 — exceeding last year's total by 19%. All around the Country, Team IndyMac walkers and runners helped raise thousands of dollars in events such as America's Walk for Diabetes, the Ninth Annual Revlon Run/Walk for Women and the March of Dimes Walk America. Also, through the Company's "IndyMac Match" program, employees can have gifts to qualified charitable organizations matched dollar-for-dollar.

More than money, our employees gave their time to improve the communities in which they live. In Southern California, participating in programs such as Rebuilding Together® Pasadena and Los Angeles Neighborhood Housing Services, IndyMac employees rolled up their sleeves to help renovate multiple homes with repairs and fresh paint for those in need.

Employees in the Consumer Bank participated in a home ownership expo organized by the Community Financial Resource Corporation, which taught participants the basics of getting a loan, obtaining down payment funds and maintaining good credit. IndyMac also provided a local elementary school with a computer for each of its 21 classrooms.

From children to adults, in ways large and small, giving money and time, IndyMac and its employees reached out in 2002 to improve the lives of those in the communities in which they live and work.

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