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Loan Modification

: Mortgage Lender Implode-o-Meter

Guaranty Financial on the Rocks

By Implode-Explode Heavy Industries

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``Guaranty Financial should be included in OA?s ?bank death watch.? With $15 billion in assets and $11.6 billion in deposits as of 12/31, Guaranty Bank would be the largest bank failure in 2009.* Reader Andrew tipped us off to their second ?notification of late filing? regarding Q1 financials. Like BankUnited, Guaranty?s balance sheet is so messy, the company is at a loss regarding its financial condition. Also like BKUNA, the bank has orders to raise capital or face seizure.''

Full post as published by Mortgage Lender Implode-o-Meter on May 15, 2009 (boomark / email).

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