BankUnited stops originating retail mortgage loans

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The South Florida BizJournal said as of 2008-12-31, "BankUnited’s $5.89 billion in option ARMs accounted for 51 percent of its loan portfolio." All mortgages and loans were assumed by the newly formed bank, and investors will provide $900 million to recapitalize the institution.

BankUnited executives on ceo succession plans. but we did make a decision on residential mortgage retail origination," said. portion of this site constitutes acceptance of our User. Fremont Unloads $4 Billion in Whole loans fremont bank Mortgage Review.

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BankUnited Inc. has made a decision to stop originating residential loans, and the level of loan volume played a role. BankUnited was created in May 2009 when BankUnited FSB was acquired from the Federal Deposit Insurance Corp. The buyer, an investment group led by John A. Kanas, plowed $900 million.

BankUnited will no longer offer retail residential mortgage loans to consumers, according to an article in the Miami Herald. The South Florida bank announced it also laid off some its workers. The.

BankUnited, Inc., a national bank headquartered in Miami Lakes, Florida with 98 banking centers in 15 florida counties and six banking centers in the New York metro area, has announced that it.

The Miami Lakes bank has stopped originating retail mortgages. The Miami Lakes bank has stopped originating retail mortgages. Search.

Home Mortgage Assistance Programs that fit your needs. Solutions include home loan repayment plans & short sale assistance. Skip to main content.. If you are an existing BankUnited residential mortgage customer and have questions regarding your account, please call our Client Care Center at 1.

BankUnited stops originating retail mortgage loans Online lenders struggle with cost of originations Brena Swanson is formerly the Digital Reporter for HousingWire.

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BankUnited, the largest bank based in South Florida, stopped making residential mortgage loans to consumers and laid off some of its staff. Mary Harris, a spokeswoman for BankUnited, told the.