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Loan Modification

: Mortgage Lender Implode-o-Meter

BankUnited Bidders Said to Be Told Bank to Be Seized

By Implode-Explode Heavy Industries

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``Bidders for BankUnited Financial Corp., the ailing Florida bank, were told by U.S. officials that regulators plan to put the lender into receivership before selling its assets, according to people familiar with the auction. ''

Full post as published by Mortgage Lender Implode-o-Meter on May 19, 2009 (boomark / email).

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