BankUnited of Fla. To Face Capital, Mortgage Queries

Gordon, Jennifer
January 2008
American Banker;1/9/2008, Vol. 173 Issue 6, p20
Trade Publication
The article reports that BankUnited Financial Corp. is expected to announce further problems related to the fall in U.S. housing prices when it makes its quarterly earnings statement in January, 2008. The company's stock fell 80 percent in 2007. The Florida-based firm has a large portfolio of option adjustable-rate mortgages. Florida is one of the states where the housing market is worst.


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