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Loan Modification

: Mortgage Lender Implode-o-Meter

BankUnited = #34

By Implode-Explode Heavy Industries

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by Rolfe Winkler, CFA

This afternoon, FDIC took BKUNA?s assets into receivership. It is the 34th bank to fail in 2009. The Deposit Insurance Fund will absorb an estimated $4.9 billion in losses, which represents 57% of the total deposits BKUNA had as of May 2nd. With total assets of $12.8 billion, BKUNA ties DSL as the largest bank to fail since WaMu.''

Full post as published by Mortgage Lender Implode-o-Meter on May 21, 2009 (boomark / email).

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