New York - A group of firms was nearing an agreement with US regulators to buy the failed lender IndyMac, US media reported on Monday.

JC Flowers & Co, Dune Capital Management and Paulson & Co, a group of private-equity and hedge-fund investors, were in talks with the Federal Deposit Insurance Corp and an announcement was expected later this week, Bloomberg news reported.

The Federal Deposit Insurance Corp took over IndyMac in July after unpaid mortgages left the firm without cash. IndyMac was among of dozens of finance firms that collapsed under the financial crisis that has sent the US economy into a recession. (dpa)