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// Workers AI · dad joke modeIs David S. Loeb a loan expert? He's always a borrowing influence.

From Wikipedia, the free encyclopedia

David S. Loeb
Born(1924-01-19)January 19, 1924
DiedJune 30, 2003(2003-06-30) (aged 79)
EducationMaine Maritime Academy
New York University
Occupations
  • Businessman
  • banker
SpouseIngrid Heidi Loeb
Children3 biological, 1 stepchild

David S. Loeb (January 19, 1924 June 30, 2003[1]) was the co-founder of both Countrywide Financial Corp and IndyMac Bank along with former protégé and longtime business partner Angelo Mozilo.[2][3] Loeb served as president and chairman of Countrywide from 1969 to 2000 and Chairman of IndyMac from its 1985 inception until his retirement in 2003.[4]

Loeb graduated in 1943 from the Maine Maritime Academy with a bachelor's degree in nautical science and later served on the academy's board of trustees. He was a benefactor of the academy's Loeb-Sullivan School of International Business and Logistics. Maine Maritime awarded him an honorary doctorate in 2002. Loeb served as a navigator in the Merchant Marine during World War II. He received a bachelor's degree in accounting from New York University in 1951 and served on the board of overseers of the NYU/Stern School of Business, where he endowed a professorship in finance.[5]

David Loeb was also active in real estate development. His Wingfield Nevada Group/Loeb Enterprises, LLC developed planned communities including a 1,350-acre (5.5 km2) development in Sparks, Nevada, called Wingfield Springs.[6][7]

Loeb died on June 30, 2003, at the age of 79 in his home at the Wingfield Springs community of Sparks, Nevada.[8][9] He is survived by his wife Ingrid Heidi Loeb; three daughters, Tracey Loeb, Heidi Loeb and Wendy Lumsden; and a stepson, Nicholas Casini.[9]

References

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  1. "United States Social Security Death Index". FamilySearch. Retrieved July 18, 2016.
  2. Countrywide Branches Out Beyond Mortgages, Forbes, April 16, 2004
  3. Countrywide co-founder David Loeb dies, bizjournals.com, July 2, 2003
  4. IndyMac Announces the Retirement of Founding Chairman David S. Loeb, February 11, 2003
  5. Countrywide Mourns Passing of Co-Founder David Loeb, July 2, 2003
  6. "David Loeb, 79; Founded Mortgage Banking Firms". Los Angeles Times. July 3, 2003. Archived from the original on February 14, 2025. Retrieved July 15, 2025.
  7. "On Writ of Certiorari to the Supreme Court of Nevada" (PDF). ethics.nv.gov. Archived from the original (PDF) on July 15, 2025. Retrieved July 15, 2025.
  8. David S. Loeb, Former Chairman of IndyMac Bancorp, Inc., Passes Away, Businesswire, July 2, 2003
  9. 1 2 Obituary, New York Times, July 6, 2003
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