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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC to Take BankUnited? The Least of its Problems

By Implode-Explode Heavy Industries

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"Florida?s largest mortgage lender, with more than $13.1bn in assets, is unable to raise the minimum capital requirements set aside by the Office of Thrift Supervision. As a result, the Federal Deposit Insurance Corp. (FDIC) may take BankUnited operations into receivership, though rumors swirl of a possible takeover."

Full post as published by Mortgage Lender Implode-o-Meter on May 14, 2009 (boomark / email).

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