ITEM 1. Business.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 1A.
ITEM 1A. Risk Factors.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 1B.
ITEM 1B. Unresolved Staff Comments.
Not Applicable.
ITEM 2.
ITEM 2. Properties.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 3.
ITEM 3. Legal Proceedings.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 4.
ITEM 4. Submission of Matters to a Vote of Security Holders.
Omitted in accordance with General Instruction J to Form 10-K.
PART II
ITEM 5.
ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 6.
ITEM 6. Selected Financial Data.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 7.
ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 7A.
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 8.
ITEM 8. Financial Statements and Supplementary Data.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9.
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9A.
ITEM 9A. Controls and Procedures.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 9A(T). Controls and Procedures.
Not Applicable.
ITEM 9B.
ITEM 9B. Other Information.
None.
PART III
ITEM 10.
ITEM 10. Directors, Executive Officers and Corporate Governance.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 11.
ITEM 11. Executive Compensation.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 12.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 13.
ITEM 13. Certain Relationships and Related Transactions, and Director Independence.
Omitted in accordance with General Instruction J to Form 10-K.
ITEM 14.
ITEM 14. Principal Accountant Fees and Services.
Omitted in accordance with General Instruction J to Form 10-K.
ADDITIONAL ITEMS REQUIRED BY GENERAL INSTRUCTION J(2)
Item 1112(b) of Regulation AB., Significant Obligor Financial Information.
None
Item 1114(b)(2) of Regulation AB., Financial Information of Significant Enhancement Providers.
None.
Item 1115(b) of Regulation AB., Financial Information of Certain Entities Providing Derivative Instruments.
Not applicable because based on a reasonable good faith estimate of maximum probably exposure, the "significance percentage" of the Interest Rate Swap Agreement, as calculated in accordance with Item 1115 of Regulation AB, is less than 10%.
Item 1117 of Regulation AB., Legal Proceedings.
None.
Item 1119 of Regulation AB., Affiliations and Certain Relationships and Related Transactions.
Except as set forth below, the information regarding this Item has been previously filed in a 424(b)(5) filing dated June 22, 2007.
On March 16, 2008, JPMorgan Chase & Co. ("JPMorgan Chase") announced that it had entered into an Agreement and Plan of Merger, dated March 16, 2008 (the "Agreement and Plan of Merger"), and subsequently amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 24, 2008 (such amendment, together with the Agreement and Plan of Merger, the "Merger Agreement"), with The Bear Stearns Companies Inc., the parent company of Bear Stearns Financial Products Inc. The Merger Agreement provides that, upon the terms and subject to the conditions set forth in Merger Agreement, a wholly-owned subsidiary of JPMorgan Chase will merge with and into The Bear Stearns Companies Inc. with The Bear Stearns Companies Inc. continuing as the surviving corporation and as a wholly-owned subsidiary of JPMorgan Chase. The Merger Agreement has been approved by the Boards of Directors of The Bear Stearns Companies Inc. and JPMorgan Chase and is subject to customary closing conditions, including stockholder approval. The Federal Reserve, the Office of the Comptroller of the Currency and other federal agencies have given all necessary approvals for the merger. The merger is expected to be completed by the end of the second calendar year quarter of 2008, however there can be no assurance that the merger will close as contemplated.
In connection with the Merger Agreement, JPMorgan Chase issued an Amended and Restated Guaranty Agreement, effective as of March 16, 2008 (the "Guaranty"), guaranteeing the obligations and liabilities of The Bear Stearns Companies Inc. and certain of its affiliates, including Bear Stearns Financial Products Inc.'s obligations under the interest rate swap agreement. A copy of the Guaranty is filed as Exhibit 99.1 to this Form 10-K. Except with respect to the addition of this Guaranty, the terms and conditions of the interest rate swap agreement remain unchanged.
JPMorgan Chase is a financial holding company incorporated under Delaware law, whose principal office is located in New York, New York. JPMorgan Chase services include investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's corporate, institutional and government clients under its JPMorgan and Chase brands.
Item 1122 of Regulation AB., Compliance with Applicable Servicing Criteria. See Item 15, Exhibits 33.1, 33.2, 33.3, 34.1, 34.2 and 34.3.
Item 1123 of Regulation AB., Servicer Compliance Statement. See Item 15, Exhibit 35.1.
PART IV
ITEM 15.
ITEM 15. Exhibits, Financial Statement Schedules.
(a) List the following documents filed as a part of the report:
(1) Not Applicable.
(2) Not Applicable.
(3) The exhibits filed in response to item 601 of Regulation S-K are listed in the Exhibit Index.
(b) See (a)(3) above.
(c) Not Applicable.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: INDYMAC ABS, INC., as Depositor
By: /s/ Blair Abernathy Name: Blair Abernathy Title: Executive Vice President (Senior Officer in Charge of Securitization of the Depositor)
Date: March 31, 2008
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS THAT HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy, or other proxy soliciting material with respect to the Issuing Entity or Depositor has been, or will be, sent to the security holders.
EXHIBIT INDEX
Exhibit Document
3(i) Registrant's Certificate of Incorporation (Filed as Exhibit 3.1 to Registration Statement on Form S-3 by IndyMac ABS, Inc., Commission File No. 333-47158 and CIK No. 1060764).*
3(ii) Registrant's By-laws (Filed as Exhibit 3.2 to Registration Statement on Form S-3 by IndyMac ABS, Inc., Commission File No. 333-120706 and CIK No. 1060764).*
4.1 Pooling and Servicing Agreement (Filed as part of the Current Report on Form 8-K filed on August 3, 2007 under the Commission File number of the Issuing Entity, IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2007-B, File No. 333-134691-10, CIK No. 1399930).*
31 Section 302 Certification.
33.1 IndyMac Bank, F.S.B.'s Annual Report on Assessment of Compliance for Year End December 31, 2007.
33.2 Newport Management Corporation's Annual Report on Assessment of Compliance for Year End December 31, 2007.
33.3 Deutsche Bank National Trust Company's Annual Report on Assessment of Compliance for Year End December 31, 2007.
34.1 IndyMac Bank, F.S.B.'s Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2007.
34.2 Newport Management Corporation's Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2007.
34.3 Deutsche Bank National Trust Company's Annual Attestation Report on Assessment of Compliance with Servicing Criteria for Year End December 31, 2007.
35.1 IndyMac Bank, F.S.B.'s Annual Statement of Compliance for Year End December 31, 2007 pursuant to Item 1123 of Regulation AB.
99.1 Amended and Restated Guaranty Agreement, effective as of March 16, 2008.
___________________________________ * Incorporated herein by reference.