HousingWire Content on ‘BankUnited’ 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.
Under this program, BankUnited would allow borrowers to pay less than the monthly accrued interest for five years or until the mortgage balance grows 15 percent higher than it was at origination.
In an unusual twist, the largest bank closed this month — namely BankUnited Financial Corp. in Florida — was closed on a Thursday. Bloomberg reports: Regulators are closing banks at the fastest pace in 15 years, including BankUnited Financial Corp. in Florida yesterday, and pumped $200 billion into the biggest banks in a Treasury rescue program.
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J.D. Power released its 2015 U.S. primary mortgage origination Satisfaction Study, and hats off to Quicken Loans which ranked the highest in the Primary Mortgage Origination Satisfaction survey for the 6 th straight year. To view the press release and charts on the J.D. Power website, please click here. The survey noted an increase in the use.
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